HR Future-Proofing vs. Firefighting: 5 Strategic Workforce Planning Tips

Visier

But with strategic workforce planning , it is possible to plan ahead — and not just react — in this rapidly changing business environment. Operational and Strategic Workforce Planning Defined. Ask 100 people to define workforce planning, and you may get 100 different definitions. Workforce planning has two major facets: one is operational and the other is strategic. It does not replace operational planning.

Closing the Loop: Linking Workforce Planning, Analytics, and Hiring

Visier

We often talk about the employee lifecycle , the “recruit to retire” journey of an individual through multiple human capital processes. In order to keep up with skill shortages and avoid costly role vacancies, organizations need to close the loop between business strategy, workforce planning, and talent acquisition. Unfortunately, our research showed that 31% of organizations indicated that workforce data and analytics were used only by HR and not the business.

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Why HR Needs Data-Driven Workforce Planning to Avoid Talent Shortfalls

Visier

In the following graph, we see how many hires are being made, by comparison to the number of job openings: For nearly the entire history of the JOLTS data, more hires are tracked than job openings, but recently this relationship has switched. We are in an unprecedented war for talent: companies cannot hire fast enough to keep up with their workforce demands. Today, HR has the opportunity to enter the spotlight again as a leader in workforce planning.

Prepare for Nurse Retirements and Shortage with Intelligent Workforce Planning

Visier

With baby boomers heading into retirement — by 2050 an estimated 88.5 But there is another retirement population that is perhaps even more worrying to them: nurses. According to a survey by the National Council of State Board of Nursing and the Forum of State Nursing Workforce Centers, 55% of registered nurses (RN) are age 50 or older. Improving HCAHPS Scores with Data-Driven HR. Navigating Nurse Retirement with the New Workforce Planning.

How to Engage in Healthcare Workforce Planning

Precheck

How to Engage in Healthcare Workforce Planning May. The COVID-19 pandemic put an immense strain on healthcare workers and exacerbated the ever-growing healthcare workforce shortage. Workforce planning helps you predict the skills your organization will need to remain competitive.

Case Study: Strategic Workforce Planning for Rail Infrastructure Managers

Analytics in HR

This requires tremendous changes in the current workforce. In this case study, strategic workforce planning is applied to solve this national problem, impacting millions of commuters. Planning for the future.

5 Steps to Avoid Talent Shortfalls Using Data-Driven Workforce Planning

Visier

a big postwar question, and ushered in an era of new revolutionary practices, such as coaching, job rotation, 360-degree feedback, high-potential tracks, and succession planning. Companies with poor workforce planning were at risk of going out of business or being sold off. As a result, almost all large companies dedicated an entire department to workforce planning, and HR played a powerful role.

Unlocking the Benefits of Workforce Planning

Acendre

Great talent, and the organizational success that follows from it, are almost always the result of careful planning. common sense that workforce. planning is the key to ensuring you have the right talent in place and plans for ensuring you always have the skills and competencies necessary for organizational success. the benefits that planning deliver or there are problems in execution. benefits of workforce planning. planning more carefully.

The 5 Steps of Analytics-Driven Workforce Planning

Analytics in HR

To determine how to align and sustain these three objectives, HR uses some form of workforce planning. Unfortunately, many companies still base their talent plans on unreliable sources and methods such as using country retirement age instead of actual retirement age data, outdated benchmarks, and financial headcount budgets with no historical trends or link to business strategy, and sadly, gut feel. Data vizualisation of a workforce plan.

Workforce planning strategies to meet the federal hiring freeze

HR Times

Will the hiring freeze issued on January 22, 2017, by the White House be part of a longer-term strategy to reshape the federal workforce? How will a reshaped workforce impact agencies’ abilities to support operations and mission needs? Complicating this issue is the Presidential Memorandum calling upon the OMB and OPM to create a “long-term plan to reduce the size of the federal Government’s workforce through attrition” by April 22.

21 HR Tools for Employee Engagement & Workforce Planning

Pingboard

Here’s a list of 21 HR tools that demonstrate how technology can improve employee engagement and workforce planning efforts at your organization. Employee Data Management. BambooHR , which collects and organizes data acquired throughout the entire employee life cycle, is designed to free HR employees up so they can focus more on people and less on processes. Like BambooHR, Namely also integrates with Pingboard and other HR tools to offer automatic data updates.

Workforce Planning to Defend Your Agency’s Budget

Acendre

You, on the other hand, face building challenges in the form of Baby Boomer retirements and difficulties in recruiting young professionals. ” Fortunately, through modern workforce planning and analytics solutions , you can defend budget proposals with precise data which directly speaks to ROI-benefiting outcomes. Toward this end, today’s workforce planning tools take into account anticipated attrition along with external market data.

4 Trends Impacting Workforce Planning

Oracle HCM - Modern HR in the Cloud

How can HR leaders build a workforce plan when we don't know what the future will be? Planning is HR's never-ending challenge, but like every other business function, it’s an important part of our responsibility. For HR, planning requires insight from all of the other functions we support, so we can be somewhat accurate, and this adds to the challenge. Ultimately, no plan is perfect. By Tim Sackett , President of HRU Technical Resources.

Unlocking the Benefits of Workforce Planning

Acendre

Great talent, and the organizational success that follows from it, are almost always the result of careful planning. common sense that workforce. planning is the key to ensuring you have the right talent in place and plans for ensuring you always have the skills and competencies necessary for organizational success. the benefits that planning deliver or there are problems in execution. benefits of workforce planning. planning more carefully.

Workforce Planning to Defend Your Agency’s Budget

Acendre

You, on the other hand, face building challenges in the form of Baby Boomer retirements and difficulties in recruiting young professionals. ” Fortunately, through modern workforce planning and analytics solutions , you can defend budget proposals with precise data which directly speaks to ROI-benefiting outcomes. Toward this end, today’s workforce planning tools take into account anticipated attrition along with external market data.

STRATEGIC WORKFORCE PLANNING: A MUST HAVE 2019 NEW YEAR’S RESOLUTION

myhrtoolkit

Among the chaos, do you think your workforce plan is ready to kick into gear come 02 January 2019? I’m taking a calculated guess that the answer is more of a “nay or a “meh”, than a yeah… The cliché of “fail to plan, is planning to fail” does have a twin brother called “failing to plan strategically, guarantees failing to succeed operationally”. DEFINING SWP – STRATEGIC WORKFORCE PLANNING. It has arrived!!!

How to Avoid Talent Gaps with Data-Driven Succession Planning

Visier - Talent Acquisition

According to the Association for Talent Development , only 35% of organizations have a formalized succession planning process. As with most things, the best way to manage these risks is to be prepared and to have a plan. Succession planning with data. Fictional data used.

Think You Know Your Total Cost of Workforce? Think Again.

Visier

Do you have a detailed and accurate understanding of your total cost of workforce (TCOW)? This is because, in too many organizations, just finding the data can take several months, and as a result, this kind of overwhelmingly large project is only considered when it can no longer be avoided. The reason the data is so hard to find is because it’s contained in a number of disparate systems. TCOW is essential to building an efficient workforce plan and staying competitive.

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HR’s New Year Resolution: Move Up the Workforce Intelligence Maturity Curve

Visier

They are particularly powerful in scenarios where the path to business impact is less obvious, and so we often see them in process-heavy or data-heavy disciplines. While workforce analytics and workforce planning are increasing in priority , most organizations have not progressed to take advantage of the opportunity that workforce data provides. spreadsheets are the primary solution to share data. heavy manual effort is required to collect data.

Visier 163

Get Your Crystal Balls Ready, HR Data Ninjas

SuccessFactors

There is a way to avoid this continuing to happen… HR, it is time to embrace your inner Data Ninja! HR analytics and workforce planning. Effective workforce planning is more than understanding costs, hiring trends, and attrition. Although companies generally have useful workforce data distributed across the business, fewer than 22% of those surveyed by Harvard Business Review felt able to leverage this data.

The Win-Win of Leveraging Baby Boomers

China Gorman

What will retirement look like for me? When will I want to retire (because it certainly is the last thing on my mind now…)? Just as I wrestle with these questions, organizations are facing stiff headwinds on the talent pipeline front making workers like me critical components in workforce planning activities. Not just because the data are useful and the examples practical, but because it is written for practitioners not academics and is super easy to consume.

Big, Bad Data: How Talent Analytics Will Make It Work In HR

TalentCulture

Here’s a mind-blowing fact to spark up the late-summer doldrums: research from IBM shows that 90% of the data in the world today has been created in the last two years alone. In terms of HR, it’s a gold mine of Big Data. It’s worth noting that driving the need for an improved user interface, access, and speed is the nature of the new talent surging into the workforce: people for whom technology is nearly as much a given as air. Companies also want: Data security.

3 Ways to Free Up Budget to Reinvest in Your Workforce

Visier - Talent Acquisition

But long-term employee development and succession planning shouldn’t be ignored: According to Gallup, when people feel inspired in their work, they are less prone to burnout , and one way to inspire people is to invest in their personal growth. Find funding with workforce analytics.

Why We Will All Love the New HR

Visier

But in a world where workforce costs dominate total operating expenses — averaging nearly 70% of costs — businesses can no longer afford to have HR take a backseat or keep to the status quo. . The Bureau of Labor Statistics has projected the need for over 1 million nurses in the workforce by 2022. An estimated 50 percent of the oil and gas industry’s workforce is set to retire in the next five to seven years, a phenomenon known as the Great Crew Challenge.

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The Time for Data-Driven HR Is Now

TalentCulture

But today’s technology brings us something far more reliable on which to base the future of your company and the management of its most valuable resource: Big data. Data-driven HR is here, and the time to adopt it is now. Public companies that use data-driven HR methods, or “people analytics,” show 30 percent higher stock market returns than the Standard & Poor 500 index. But which data should you use, and how can you employ it to make the best hiring decisions?

Data 87

Increase your Global Payroll Performance through Consolidation and Integration

Immedis

Delivers superior reporting & analytics for better forecasting and workforce planning. Everything from the data’s quality, the number of disparate systems, the difficulty of collecting and cleansing the data and collating the data into one currency.

New Data on Women Breaking the Glass Ceiling

Visier - Talent Acquisition

A key way to achieve this is through the use of people data and analytics, which have been proven to improve female leadership representation at organizations. How to break the glass ceiling: 8 data-driven steps to more gender equality. Have data-driven career conversations.

The Financial Services Skills Gap: Are Baby Boomers the Answer?

Workday

Their wealth of knowledge and experience can fuel the digital transformation taking place in the industry—but all too often, the aging workforce is underutilized. Fastest-Growing Workforce Demographic in Financial Services.

Top 10 U.S. Cities Facing Aging Workforce Challenges

Burning Glass Technologies

Every workforce development agency has one metric they follow closely: the average age of their local workforce. If a large percentage of a region’s workforce is 55 years old or older, then that region needs to invest in retraining workers with the skills of these aging workers and attracting new talent. What Factors C ontribute to an Aging Workforce? An aging workforce can be caused by many different factors. How to Respond to an Aging Workforce.

Talent Analytics Key To Unlocking Big Data’s Power

TalentCulture

Here’s a fact I find fascinating: research from IBM shows that 90% of the data in the world today has been created in the last two years alone. For HR, there’s a gold mine of Big Data. It’s worth noting that driving the need for an improved user interface, access, and speed is the nature of the new talent surging into the workforce: people for whom technology is nearly as much a given as air. Companies also want: • Data security. Data privacy.

Using Data to Link Talent Decisions to Business (Webinar)

TalentCulture

The HR industry talks a lot about analytics and data. Yet are we using data to link talent decisions to business? But even with powerful data readily available, are the majority of organizations using applicable information to their advantage? Workforce planning, applicable processes and savvy tools are necessary to reveal the truth. Consistently low engagement on a team should be addressed with the leader and a remediation plan should be put into place.

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Three Trends That Could Upend Your Workforce

Burning Glass Technologies

Workforce agencies all over the country can struggle with building and maintaining a strong, healthy workforce. There are many factors that affect the readiness of a workforce, from global demand to local training programs. An Aging Workforce. What is the average age of your workforce? If almost a quarter of your workers are over the age of 55, like the Pittsburgh, PA region , then you’ll want to start planning for the future now.

Future Of Work 2018: 10 Predictions You Can’t Ignore

SuccessFactors

Workforce agility will become the most critical concept in HCM. Companies will be forced to redefine workforce planning, recruiting, staffing, and management to work in this much more complex labor market. And analytics will be used to link investments in compensation to returns in workforce productivity. Relying on org charts to guide workforce management decisions is both foolish and dangerous in a digitalized world.

Unleash 2019: It’s All About Smart Data and Reboot(ing) HR

Visier - Talent Acquisition

Your guide to Unleash from a Smart Data Perspective. So, if you are too, here’s your guide to the two+ day event based on perusing the entire “Smart Data” track, for which I actually will be the session introducer. This year, the sessions are dealing with explicit challenges of hiring, developing, retaining, and overarching organizational issues around workforce planning as well as new innovations in security of payroll. Key sessions to attend on the Smart Data Track.

Empower your line managers with powerful people payroll analytics

Ascender

If you’ve been thinking about upgrading your HR technology platforms consider this: your choice can make a difference in your business’ capability to analyse the goldmine of employee datadata that so often lays dormant within clunky and antiquated systems. Payroll Data