Use Strategic Planning Techniques to Build Your Workforce Plan

HR Bartender

Workforce planning is about developing a proactive approach to talent acquisition. I had the opportunity to participate in the Society for Human Resource Management (SHRM) seminar “ Workforce Planning: The Future of Work ”. I was really interested in taking this seminar because I think that workforce planning is going to be a key activity for organizations faced with recruiting challenges. I listened to the entire workforce plan class after the fact.

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?

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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

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. Workforce planning and analytics may sound intimidating, but it’s important to note that it does not require a huge investment in technology and solutions to get started. Where Workforce Data is Used. And help them see the action they can take based on this data.

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.

A New Workforce Planning Model: Why Position Management Is Flawed

Visier

Given that people costs make up the largest chunk of the operating expenses for a typical organization, getting the workforce plan right is fundamental to good corporate fiscal health. As a best practice, workforce planning should be continuous. Organizational changes that are key to delivering the business plan. The Human Layer of Workforce Cost Management. Salary values are assigned to the 10 positions and that is the team’s total workforce budget.

Managing Costs through Workforce Planning

hrQ

With the evolution of workforce planning, this is both unnecessary and unwise. Workforce planning provides a platform by which cost-cutting can be a quantitative precision exercise where outcomes are more certain and the ability of the organization to remain effective can be preserved. In most cases, workforce planning can be used to effectively manage costs in a way that reduces or eliminates the need for this type of massive cost-cutting exercise.

Developing a workforce plan to support strategic objectives

PI Worldwide

Employee Engagement & Retention turnover rate employee retention strategic workforce planning retention turnover data managementBy Elsbeth McSorley.

How to Keep HR and Finance in Sync on Workforce Planning

Visier

Before the catch, the receiver typically runs a pre-planned route on the field to escape coverage from the defensive team and get into an open space for the catch. When it comes to workforce planning, it’s just as critical that all the players involved are in sync. If HR creates a workforce plan that doesn’t square up with the budget that Finance sets, all their work is in vain. In the NFL, skilled wide receivers are often the star players on their teams.

The Next Decade of Agile Workforce Planning

Visier - Talent Acquisition

When it comes to workforce planning, Celgene is a definitive leader. In parallel, a workforce plan is created along with predictive model overlays. This continuous process enables the biotechnology firm to plan for talent shortages by allocating the proper resourcing to support the gaps in the model, manage and source talent more effectively, and have more insightful conversations with stakeholders. From data wrangling to talent strategizing.

How to Keep HR and Finance in Sync on Workforce Planning

Visier

Before the catch, the receiver typically runs a pre-planned route on the field to escape coverage from the defensive team and get into an open space for the catch. When it comes to workforce planning, it’s just as critical that all the players involved are in sync. If HR creates a workforce plan that doesn’t square up with the budget that Finance sets, all their work is in vain. In the NFL, skilled wide receivers are often the star players on their teams.

Workforce Planning Through Trying Times

hrQ

What characterizes trying times for Workforce Planning is how fast the variables on which we make decisions can change from one day to the next, and the impact that has on the business. Focusing on key variables to make workforce decisions and being upfront about uncertainties. Workforce Planning recommendations should be based on managing Risk Tolerance, Skill Demand, and Skill Supply. Maintaining a workforce is not the only need of an organization.

Automated Workforce Planning: Tactical or Strategic?

China Gorman

An organization’s workforce is also, however, its most expensive asset, and workforce management (the development of employees, retention of skilled talent, etc.) In a recent Aberdeen report , 60% of all organizations reported a need to improve workforce planning capabilities as a driver of their total workforce management efforts. The adoption of automated workforce management solutions though (as with other tech solutions) has been slow among organizations.

4 strategic workforce planning tips to grow your business

PI Worldwide

Employee Engagement & Retention People Data organizational growth strategic workforce planning metricsBy Jillian Phipps.

Strategic Workforce Planning in 3-2-1

Analytics in HR

Strategic workforce planning (SWP) is a commonly used term for a multitude of approaches to achieve a singular goal: having enough employees of sufficient quality in the future. In this article, I will explain the four most common pitfalls of workforce planning and how to avoid them using a relatively simple methodology. Existing processes and cycles can contribute to such transparency, strengthened with data and analytics.

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.

The Future of Workforce Planning

HR Daily Advisor

One of the best investments organizations can make toward the satisfaction of their employees is in workforce planning technology and process improvements. Workforce planning examines the entire employee lifecycle and determines how to best recruit, grow, deploy, optimize, and retain employees. Workforce planning minimizes the likelihood that employees, teams, and organizations will have their needs unmet.

Workforce Planning Collaboration: The Talent Acquisition and HR Partnership

Visier

But there’s a case to be made that workforce planning is the one process that creates the highest level of risk for the organization if stakeholders don’t work together adequately. The challenge for HR, however, is that creating a workforce plan requires juggling a staggering number of inputs. Finance passes the ball to HR , and HR uses their workforce expertise to refine the plan. The collaboration can’t come to a halt once the plan has been created.

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.

Driving Innovative Business Models through Workforce Planning

hrQ

Workforce planning is one of the most critical competencies for an HR organization. Workforce planning can help a business answer questions ranging from how many people it needs, where they should be located, what jobs they should do, how much they should be paid, and even whether they should be working for your company. That’s where workforce planning comes in. My previous post discusses the fundamentals of workforce planning.

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.

Workforce Planning in 2019: 4 Trends to Watch

Pingboard

In an ever-evolving business environment, it’s challenging for companies to plan ahead and anticipate their future needs. That said, a strategic workforce plan can ensure you’re prepared for what’s next and that all the right talent and skills are in place to help your company thrive. There are many benefits to effective workforce planning—as well as many reasons why poor workforce planning can stunt your growth. Fast-growing remote workforce.

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. This article will focus on the strategic workforce challenges for the 700 Train Traffic Controllers and 150 operational planners whose jobs will change tremendously because of this. At the moment, the train schedule runs automatically if it fits into the pre-planned train schedule.

5 Steps To Data-Driven Workforce Planning Strategy

HR C-Suite

Workforce planning is a critical first step to any workforce related outcome. Find out how to implement a smart planning strategy. Featured Organizational Effectiveness Planning data driven evidence based HR workforce development

Workforce Planning Will Help You Understand the Needs of Your Organization

SHRM Resources

Managing headcount—and workforce planning overall—is one of HR’s most important priorities, yet so many HR and talent acquisition (TA) leaders shy away from it. Business Acumen Workforce Planning Data Analysis

Building an Effective Workforce Planning Program

Vantage Circle

As leaders and managers, you might have invested your time mostly in generating revenues and coming up with concrete marketing plans. Yes, your employees (workforce as others would say). However, many organizations are not aware of the current workforce gaps, which can hinder business growth. And to correctly measure it, workforce planning is crucial for any organization. To begin with, let us first understand what workforce planning means.

3 Real-Life Lessons About Workforce Planning

Pingboard

For any organization, thoughtful workforce planning can hold the keys to retaining talent, meeting employee expectations, and reaching important strategic goals. While it may be a challenge to successfully connect workforce planning activities with long-term business objectives, here are 3 real-life lessons that can help you get started in making those connections: 1. Make Better Data-Driven Decisions. Article talent management workforce planning

Reforecasting Amid Upheaval: Best Practices for Financial and Workforce Planning

Workday

If your role includes financial planning and analysis, you likely had just completed your 2020 revenue, headcount, hiring, opex, and capex forecasts, only to find that COVID-19 rendered them moot. At Workday, our team of finance professionals has gathered timely and actionable tips for dealing with revenue shocks and workforce and capacity planning when income is hard to predict, and strategies for emerging from this pandemic in a position of strength.

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.

6 Ways to Overcome the Obstacles of Workforce Planning

Pingboard

The workforce is evolving. An organization’s workforce planning efforts are now more important than ever before. There are a whole host of benefits that come with strategic workforce planning, from helping the company ensure the right people are in the right roles, to improving efficiency, new hire onboarding, and employee engagement. However, despite the wide array of benefits that come with it, many organizations still struggle with workforce planning.

The Role Of HR Analytics In Workforce Planning

Get Hppy

An unprecedented increase in job openings shows that the demand for talent is forcing companies to plan better and recruit better. Workforce planning and HR analytics have become a key focus point for HR professionals around the world, as they confront new challenges in finding and retaining the right employees. Companies cannot hire fast enough to keep up with their workforce demands.”. The challenge of workforce planning.

5 Essential Workforce Planning Tools for any HR professional

Analytics in HR

Workforce planning tools are an essential part of the HR professional’s toolkit. In this article we’ll go over 5 strategic workforce planning tools, explain their use and give examples and excel templates on how to use them. What are workforce planning tools? Workforce planning tools are instruments that help analyze current capabilities and future needs for the employee population. Strategic workforce planning map.

CSI for HR? Test the Workforce Planning Waters Today With This Forensic HR Template

Visier

With these statistics as an indicator, I would wager that updating data and tactical employee management tasks often get in the way of more strategic work, like tying talent to business results. Getting started with strategic planning means that you need to think about the big ideas driving your business over the next year, and ask: What are those strategic objectives that are the focus of the executive team? Make Workforce Planning a Regular Habit.

Talking Candidly About Workforce Planning for HR Executives

Cisive

One thing stood out above the others, and it’s something every HR leader and team member faces: workforce planning. As an HR partner, your role in workforce planning is at the heart of what really matters to your company leaders. Workforce planning support means that you are your team are responsible for the forecasting that allows you to properly plan for your recruitment advertising and marketing spend, requisition workload, and expected deliverables for your team.

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.

Customer Voice: How Workforce Planning Supports Rapid Growth

Workday

Rapid global growth is never easy—but it can be much smarter and more efficient with workforce planning. In this article, Andrew Brett, financial accounting manager at Pinsent Masons, shares how the firm uses workforce planning to better manage growth—and the insights it’s gaining in the process. How do your business leaders think about workforce planning? Business leaders will often point out that their workforce is their largest expense.

5 Questions for Paul Hamerman on Financial and Workforce Planning

Workday

Hamerman, who will be our guest speaker in a July 18 webinar , answers five key questions that we believe organizations should consider when exploring workforce and financial planning approaches in today’s business world. . How are organizations using workforce planning to help their organizations grow and thrive in today’s economy? There are several established use cases for workforce planning and modeling capabilities. Paul Hamerman. Paul D.

Workforce Planning 101 [Infographic]

Visier

As Vice President of Workforce Management Practice and Principal Analyst at Brandon Hall Group Mollie Lombardi wrote in this Workforce Planning blog post last year: “Workforce planning is tricky business. Not just because of the complexity entailed in the process, but because if you ask four people what workforce planning is, you’ll likely wind up with five definitions.”. So, what is Workforce Planning?