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.

Top 5 Workforce Planning Tools

TalenX

When it comes to delivering real business insights, providing a holistic view of the workforce, increasing productivity, efficiency, and effectiveness, and aligning talent and business strategies, nothing does it better than workforce planning. What is a workforce planning tool?

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Top 10 Succession Planning Tools and Software

Digital HR Tech

A rapidly aging workforce and a growing need to upskill people make succession planning – and therefore the use of succession planning tools – increasingly important. Europe is experiencing a silver tsunami of its own; workers aged 55+ currently make up for 16% of the total workforce in the European Union. So on the one hand, we’ve got an aging workforce. Succession Wizard. PageUp Succession Planning.

Prepare for Nurse Retirements and Shortage with Intelligent Workforce Planning

Visier

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. Healthcare providers have a unique driver to connect their workforce decisions to business outcomes: cost of healthcare delivery, and patient outcomes and satisfaction. Navigating Nurse Retirement with the New Workforce Planning.

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.

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. Often organizations provide tools that allow employees to explore opportunities and develop plans, set goals and take action to proactively navigate their career. Succession planning with data. Fictional data used.

A Guide to Strategic Workforce Planning

Analytics in HR

Workforce planning is often mentioned – but rarely explained. What is workforce planning, and how do you do it? When used well, strategic workforce planning enables HR to plan for the capabilities they need in the future. In this article, we will dive into what workforce planning is, the process, give a number of examples, and end with a toolkit on how to get started when you want to start planning your workforce.

Succession Planning Success: The Golden Rules for Future-Proofing Your Business

Visier

Succession planning is about managing the risk associated with any type of critical skills gap. At the end of the day, you can manage this risk by ensuring you have a solid pipeline of successors and developing workforce plans for the future that take into account your business strategy and goals. A risk-mitigating process like succession planning works best if it involves data and fact. Golden Rule #4: Build succession into your workforce plans.

Workforce Planning Success

Vemo

Embarking on a workforce planning journey can be overwhelming. Determining what data to collect, what metrics to focus on, how to set up reporting, how to analyze all the outputs, and how to gather various stakeholder requirements are just a few of the initial requirements. Having centralized plans allows several different functions to offer input. Data Integration - Having several data sources integrated together and transformed to provide high value insight.

Workforce Planning – Traditional Techniques Outdated

Ascender

Everyone is talking Workforce Planning. The ageing workforce is really starting to impact. Net workforce entrants versus exits are forecast to be negative for the next 20 years. This means more employees will exit the workforce than enter the workforce. Traditional Workforce Planning Techniques Outdated Traditional Workforce Planning techniques no longer provide the granularity required in a very tight labor market.

Workforce Planning – Traditional Techniques Outdated

Ascender

Everyone is talking about Workforce Planning. The ageing workforce is really starting to impact. ‍Net workforce entrants versus exits are forecast to be negative for the next 20 years. This means more employees will exit the workforce than enter the workforce. Traditional Workforce Planning Techniques Outdated. Traditional Workforce Planning techniques no longer provide the granularity required in a very tight labour market.

Ep 88 – Workforce Planning Strategies That Will Change Your Business

Workology

I’m talking about workforce planning and associated strategies. Episode 88: Workforce Planning Strategies to Elevate Your Business with John Baldino ( @jbalive ). During last month’s SHRM Annual Conference in Washington, DC, I sat down with John Baldino to talk about workforce planning basics and strategies. Workforce planning is a very complex topic, and frankly, one I haven’t written or talked much about.

A Simple Guide to Succession Planning

Oracle HCM - Modern HR in the Cloud

Historically, succession planning has been focused on key leadership roles. Today, organizations are likely to have a more expanded perspective on succession planning. Typical is a succession strategy for executive roles, with the most common being one to two levels below the CEO. Other perspectives for succession planning take a strategic workforce planning perspective and focus on pivotal and hard to fill roles.

Leaders Secretly Hate Succession Planning!

The Tim Sackett Project

Succession planning is on a similar path. Your leaders say the support succession planning. But, every time you try and do something with succession planning, it goes nowhere! Your leaders hate succession planning for a number of reasons, here are few: 1. Financially, succession planning is a huge burden on organizations, if done right. Leaders are paid on the financial success of your organization.

Why Succession Planning is a Top Priority for the Federal Government

Avilar

Against the backdrop of this stark reality, the OPM issued a 46-page 2018 Federal Workforce Priorities Report earlier this year. In the report, OPM outlined federal workforce priorities. Succession Planning and Knowledge Transfer.”. For succession planning to work, there’s got to be strategic alignment of human resources – with careful consideration given to agency strategic plans and objectives.

Succession Planning? Despite What They Say, Your Leaders Secretly Hate It

TLNT: The Business of HR

William Tincup and I were just talking about this last week in regards to a comment he was making about organizations and succession planning. Why leaders really hate succession planning. Succession planning is on a similar path. Your leaders say they support succession planning. But, every time you try and do something with succession planning , it goes nowhere! Your leaders hate succession planning for a number of reasons.

Giving a voice to the voiceless with technology

The Aristocracy of HR

Featured HR Technology Sponsored Post Talent Management #TAOHR Ask Czarina Live Big Data CHRO Employee Sentiment Employee Surveys Employee Voice Giving a voice to the voiceless with technology HRIS Human Resources Janine N. Truitt Perception Retention Succession Planning Talent Think Innovations Technology The Aristocracy of HR Ultimate Software UltiPro UltiPro Perception Workforce Planning000020000010Campaign/FTC disclosure: This is a sponsored product review.

Delving Into Data

HRO Today

Three organizations share how they use people data and analytics to amplify business strategy. People analytics” has been a hot catchphrase in the business world for years, with data promising to revolutionize recruiting, talent management, and myriad other HR processes. But while organizations have embraced data collection and reporting, data analysis remains in its infancy for all but the most sophisticated companies.

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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.

BJ’s Gets Boost to Promote from Within

HRExecutive

Paired with Kirsten Helvey, senior vice president of client success at Cornerstone OnDemand, it was a story of retooling and rebooting several years ago — with Cornerstone’s help, of course — to ensure such a commitment to internal promotions could support and sustain a trajectory of growth that’s gone from a small one-room pizzeria in Santa Ana, Calif., ’ We take team members’ individual success and growth very seriously.

Why Banking On Your Workforce Boosts Business Results

Visier

There is a clear connection here between what happens in the workforce and the success of the organization. Exceptional companies know that the best people decisions drive the best business outcomes : More diverse workforces outperform others. In my last post , I discussed how innovative new ideas that drive success come at the intersection of the workforce and the business. This is where data-driven HR becomes essential.

People Analytics Conferences Data-Driven HR Leaders Can’t Miss in 2018

Visier

The HR teams that will succeed in 2018 and beyond are those that have a grasp on how the developments of the data age will impact the workforce and their business. To support this, we’ve gathered a list of the top 2018 people analytics and workforce planning conferences for data-driven HR leaders of all skill levels. Why is it so important for HR to attend at least one conference on data and analytics?

Workday Podcast: Getting in on the Act with Active Planning

Workday

Making a plan isn’t typically the hard part, but sticking to it is. Today, technology can enable active planning, which is updated continuously and can guide the business. I talked to Kerman Lau, vice president of financial planning and analysis at Adaptive Insights, about active planning: what it is, why it matters, and what successful planning looks like. Listen on SoundCloud: Workday Podcast: Getting in on the Act with Active Planning.

Visual Storytelling for HR: Are Infographics or Data Visualizations the Keys to Success?

Visier

Sometimes when people think they may need an infographic, they actually need a data visualization. So, how do you know when you need an infographic and when you need data visualization? Because infographics are structured narratives, they are powerful in the marketing world: They use data to reinforce a particular message. Check out this example of an Infographic, which provides a “101” lesson on Workforce Planning. The Case for Data Visualizations.

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The Importance of Data Integrity in HR Systems

Pingboard

Desktop HR systems have evolved and relocated to the cloud, offering users better access to more data. One important factor in using HR systems is preserving data integrity. Employees and company leaders need reliable, accurate data in HR systems, and they also need to have the assurance that employee and other company data is protected and kept private. The post The Importance of Data Integrity in HR Systems appeared first on Pingboard.

Alternatives to Firing an Employee

AvilarHR

If you have a competency management system in place, a job reassignment can be quick and easy, with your decision guided and supported by data rather than guesswork. Having an effective competency management system in place can help you: Define the skills needed to perform each job successfully. While no two competency management systems are created equal there are certain components that are required for a competency management plan to be successful.

Visual Storytelling for HR: Are Infographics or Data Visualizations the Keys to Success?

Visier

Sometimes when people think they may need an infographic, they actually need a data visualization. So, how do you know when you need an infographic and when you need data visualization? Because infographics are structured narratives, they are powerful in the marketing world: They use data to reinforce a particular message. Check out this example of an Infographic, which provides a “101” lesson on Workforce Planning. The Case for Data Visualizations.

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Pitney Bowes’ Andrew Gold: Are Your People Analytics Professionals Data Gladiators?

i4cp

Recent meetings of i4cp’s Workforce Analytics Exchange have focused in part on the new i4cp and ROI Institute report, 4 Ways to Advance Your People Analytics. This included mention of motivating his colleagues across HR to become what he called “data gladiators,” an intriguing nickname to say the least. We always had an analytics function, loosely speaking, in that there were always questions that would arise where data was needed.

The onus, or bonus, of human analytics?

Benify

As Facebook’s Mark Zuckerberg’s highly publicized congressional testimony in April 2018 confirms all too well, and somewhat uneasily depending on who you ask, companies that work with big sets of personal data know far too much about each and every one us, and make a lot of money doing it. And a very pertinent counter-trend to the recent big data Facebook scandal, is how, when data is used legally and with good conscience, it can actually add value to our lives.

3 HR Roles of the Future

Digital HR Tech

Strategic workforce planning. 10% of the survey respondents indicated strategic workforce planning as their most required skill to develop. At the same time – driven by current developments on a technological and global workforce level – there will be a need for HR specialists who are experts in their specific area of expertise. The time when your average workforce mainly consisted of full-time employees is long gone. The People Data Wizard.

Secure the Right HR Business Partner Manager for the Future

Visier

This week, I do the same for the strategic and data-driven HR Business Partner Manager ( template available here ). Furthermore, the HR leaders I interviewed said that only between 10-25% of their HRBPs are analytical; yet, these HRBPs are being asked to bring analytics to the rest of the business and promote a data-driven culture. One who, in addition to having responsibilities for the HR aspects of their job, is successful at enabling people analytics within their organizations.

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Agility through workforce analytics

HR Times

That said, many organizations are still wrestling with how to use analytics to inform workforce-related decision making into practice. Workforce Analytics. Only 13 percent report being able to connect employee data throughout the entire talent life cycle. Beyond the experiential, workforce analytics can also have practical applicability in helping to optimize spending and investment in talent programs. The data challenge is real….

The Best Way to Prove the Worth of the Talent Function

Visier

Great HR leaders understand this and can demonstrate how workforce dynamics impact business outcomes. This means that, in addition to considering human dynamics, the modern CHRO has the challenge of helping the company develop resource plans that are matched to financial expectations while delivering or exceeding desired business outcomes. This approach requires a rapid, multi-dimensional analysis of all current employee data.

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Talent Management Models for HR in 2020

CuteHR

Planning. To initiate planning, primarily you would have to identify your business strategy. Developing a practical plan for recruitment or workforce management. An evaluation of the workforce plan is needed to begin with initially. . Succession planning .

Using people analytics to get to High-Impact HR

HR Times

Deloitte’s 2017 Global Human Capital Trends report tells us that 71 percent of surveyed executives see people analytics as a high priority, and are applying it to talent challenges, as you might expect, particularly in recruiting and also in performance measurement, compensation, workforce planning, and retention. Driving revenue in new and existing channels by mixing labor data with customer and pricing data to enhance the development and deployment of human capital.

How to Successfully Select and Implement an HRIS | Human Resources Information System

Analytics in HR

This article will explain how an HRIS works, how they relate to HR analytics, and how they can be successfully selected and implemented. A good example is the onboarding process, which could now be individually tailored and automatically triggered by the data points obtained in the recruitment process. Traditional HRIS workflow is based on hard-coded business rules, whereas HR analytics is based on statistical modeling/machine learning applied to HR data. Succession Planning.

5 Exciting HR Technology Trends

InfinityHR

Through the utilization of compiled data and with automated processes established, these entities, covering a myriad of industries, have given themselves the ability to make better business decisions for themselves and their employees. Big data, HR analytics. Big data is characterized by five Vs —volume, velocity, variety, veracity and value. When evaluating HR data, the Vs reveal: HR data comes in all varieties. HR data is messy and can be unreliable.

Key Roles and Responsibilities in an HR Department

Pingboard

The human resources department is responsible for designing and implementing HR programs and policies that help company leaders better manage the workforce. HR managers often play a role that is both strategic and operational, with an overall goal of building and developing a workforce that is capable of helping the company meet its goals. Who Is Responsible for Workforce Planning?

The Skills Gap Analysis – A Full Guide

Digital HR Tech

This can be done through upskilling, reskilling, L&D investment decisions, succession planning, and so on. Before you get to the redesigning of jobs, however, it’s important to know what skills and knowledge are currently missing in your workforce and which of those skills are essential for your organization’s performance. This brings me to the reasons why conducting a skills gap analysis is useful: Use 1: It gives you insights into your entire workforce.

Getting Ahead

HRO Today

To successfully implement an agile process, HR professionals need to gain the full support of the C-suite. Another key element of successful agile TA adoption is the ability to forecast future talent demand and identify pivotal roles that will impact business performance. The key to ensuring an optimal agile process is proper workforce planning,” says Shafar. An agile TA process solves many of the talent challenges today’s multinationals are facing.