Managing Costs through Workforce Planning

hrQ

Whether caused by the economy, industry dynamics, or company actions, it is something that almost all organizations face at some point. With the evolution of workforce planning, this is both unnecessary and unwise. Cost-cutting is a reality of organization life.

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

Visier

We are in an unprecedented war for talent: companies cannot hire fast enough to keep up with their workforce demands. “Companies cannot hire fast enough to keep up with their workforce demands” – @VisierAnalytics Click To Tweet. Companies recognized that without a plan for how to address their workforce needs, they put their entire company at risk of going out of business or being sold off. The Better Way to Do Workforce Planning.

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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. Healthcare providers have a unique driver to connect their workforce decisions to business outcomes: cost of healthcare delivery, and patient outcomes and satisfaction. This is good news for the HR department, since analytics will enable them to take data about their workforce and turn it into actionable insight.

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. Has the relative attractiveness of your industry or company gone down?

The Future of Workforce Planning

HR Daily Advisor

by Scott Guinn, product marketing director for HR solutions, Anaplan. In an effort to recruit and retain employees, companies do everything from offer free, chef-cooked lunches to employees to regular retreats in fun locations—particularly in industries where the demand for talent is acute. One of the best investments organizations can make toward the satisfaction of their employees is in workforce planning technology and process improvements.

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.

How Workforce Planning Contributes to Business Success

G2 Crowd

Disruptive change is taking place across practically every industry today, and technology is driving it. Productivity

4 Reasons Why Your Business Should Focus on Workforce Planning

Pingboard

The business landscape is changing as a result of new advances in technology, as well as industry disruptors that leverage talent and technology in innovative ways. Workforce planning can help to achieve a healthy balance between external hires and existing company talent.

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 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 long does it take for a new hire to become fully productive?

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.

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.

21 HR Tools for Employee Engagement & Workforce Planning

Pingboard

Technological advances have transformed several industries, and HR is no exception. There are several tools available across multiple areas of HR that can make a huge difference in engagement, productivity, organization, and beyond. Here’s a list of 21 HR tools that demonstrate how technology can improve employee engagement and workforce planning efforts at your organization. This improves everything from payroll management and profitability to team productivity.

Performance Management in 2020: Key Tech Industry Insights

Reflektive

Based on our 2020 Performance Management Benchmark Report , we identified interesting insights on how the tech industry has compared to financial services, health care, and other sectors. Continuous feedback adoption is another similarity between tech and other industries.

The Future of Workforce Planning: How Not to Be Left Behind

Pingboard

When broken down by industry, leisure/hospitality and professional services were 1-2, respectively, in the number of quits. And so are productivity goals. Workforce planning isn’t just about hiring the employees you need to be successful, but also about giving those employees the chance to thrive and contribute to their careers as well as to the organization’s bottom line. The technology element of workforce planning brings data into the process.

Innovative HR and Why Technology Innovators Can’t Survive Without It

Visier

While the race to out-innovate with new ideas and products fuels the technology industry at large, the competition between companies is fought most pervasively as on the talent front lines. Develop The Right Mix of Workforce Diversity. Advance Your Workforce Planning.

Strategic Workforce Planning in APAC: Dream or Reality?

Cielo HR Leader

Despite all the enthusiastic talk about strategic workforce planning (SWP) in the established economies of the West, few organizations have managed to successfully implement it in any meaningful way. So, while there’s a definite desire to get consistency of approach into our HR policies and procedures, we need to balance this with understanding the industry-specific characteristics, so as to enable our people to get the job done in the most efficient and effective way.

How Zynga Uses Data to Support Remote Workers and Create Personalized Experiences

Workday

Even before the effects of the pandemic, the future of work was trending toward a remote workforce. And though this change was necessitated by COVID-19, many companies are taking this opportunity to look closely at how they plan and execute their HR strategies as they move toward recovery.

Industry experts break down the Ultimate-Kronos mega-merger

HRExecutive

To global industry analyst Josh Bersin , the impending merger appears to be an “opportunistic deal probably based” on the long-term goal of Hellman Friedman [the controlling shareholder of both Kronos and Ultimate] to build a large HCM company. When Kronos Inc.

How Midsize Companies Can Turn Talent and Technology Challenges Into Transformative Change

Workday

As much as 67% of respondents say they expanded or established a new work from home program due to COVID-19, and 57% say they plan to increase their budget to support working from home over the next year. Another factor is the prevalence of midsize companies in the hardest hit industries.

Innovative HR and Why Technology Innovators Can’t Survive Without It

Visier

While the race to out-innovate with new ideas and products fuels the technology industry at large, the competition between companies is fought most pervasively as on the talent front lines. Fortunately, a scientific mindset gels naturally with this industry — tech CEOs see data and analytics technologies as generating the greatest return for stakeholder engagement. Develop The Right Mix of Workforce Diversity. Advance Your Workforce Planning.

How to Compete For Talent Against the Amazons of Your Industry–and Win

Visier

With Amazon planning to hire upwards of 50,000 employees, the tech giant poses a serious threat to a company’s ability to attract and hire key talent. Hiring diverse talent is in a company’s best interest : Ethnically diverse companies are 35% more likely to have financial returns above national industry medians and gender diverse companies are 15% more likely to do the same. Build Realistic Hiring Plans.

Scenario Planning Basics for Strategic Talent Planning in a Brexit World

Visier

In the late 1980s, British employers waited with bated breath as a demographic time bomb ticked: Government bodies and industry experts predicted a severe worker shortage due to declining birth rates and increasing numbers of young people remaining in full-time education. At first glance, the above story might look like a cautionary tale about the perils of strategic talent planning. But it is possible to cut through the ambiguity and develop long-term talent plans.

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. . It’s an issue affecting all industries: The American Transportation Research Institute estimates there are 30,000 – 35,000 trucker jobs that could be filled tomorrow if workers would take these jobs — a shortage that could rise to 240,000 by 2022. Failed to Plan?

CHRO 159

Boo! Four Scary Employee Engagement Situations to Avoid With Better Survey Data Analysis

Visier

Getting a great employee engagement score, but discovering that 15% of your workforce spends half their day on non work-related tasks. But simply surveying your workforce for sentiment data once a year and getting a sleek report won’t give you the insights you need to avoid serious snafus. Picture this: the latest engagement survey reveals that your company has an overall engagement score of 75% — well above the industry average!

Use This Staff Demand Calculator for COVID-19 Surge Planning

Visier - Talent Acquisition

This calculator takes your estimated bed counts and staff ratios and produces the size and type of workforce needed to care for an influx of critical care patients. The calculator uses core principles of productivity measurement to estimate future needs. Providence St.

CFO Checklist: Guiding Your Business Through a Successful Return to Work

Workday

Since there is no universal game plan for a transition like this, my colleagues at Workday have joined forces with our customers and industry experts to put together the list below. Financial Planning. Operational Planning. Workforce Planning.

The Changing Workplace, Part 1: Why Remote Work is Gaining Permanence

Workday

We reached out to Littler , an international labor and employment law firm Workday works with on product compliance issues, to get their front-line insights. A big part of the getting-back-to-work effort in many different industries is asking, “how are we going to be able to let people work from home when they need to?” Welcoming and facilitating telecommuting is a big part of planning for how work will look long-term as we weather this storm, even after the local orders are lifted.

Jobs Data Analysis at Davos Shows It’s Cheaper to Reskill Than Rehire Workers Displaced by AI

Burning Glass Technologies

This new report, Towards a Reskilling Revolution: Industry-Led Action for the Future of Work , makes the business case for reskilling these at-risk workers, both for business and governments. Both government workforce agencies and corporate human capital management are struggling with how to deal with the massive disruptions likely to occur as automation and artificial intelligence redefine jobs.

The Changing Workplace, Part 2: Creating New Workplace Safety Policies

Workday

In the past, once a decision was made to implement a change in workplace policy, a company could plan that the policy would stay in place for the relatively long term. Gone are the days where HR and legal teams could have a phone call on Monday, make the change effective on Friday, and not talk in-between,” says Claire Deason , an employment and labor attorney and shareholder with Littler , one of Workday’s product compliance law firms.

Global Study: How Tech Companies Are Building Organizational Agility

Workday

Tech industry leaders know that they must evolve to survive. Here are the five behaviors that are necessary for organizational agility: Continuous planning. They plan in a continuous, real-time manner, which gives them the speed, agility, and dynamism they need to innovate successfully. Building the future workforce. Our survey broke down organizational agility by industry. The changing world of work is making it more and more important to plan in real-time.

Study 30

Engineering and Four Trends Shaping the Workforce

Burning Glass Technologies

But a grasp of four major trends shaping today’s workforce can help all of these groups anticipate where the market is going and react to it. . Manufacturing / Production Technician 22,675 5.2%. Production Worker 173,734 4.4%.

3 Ways Professional Services Firms Can Prosper

Workday

In my last blog , I reported on how the professional services industry is at an inflection point with many key performance indicators (KPIs) in decline. With the release of Service Performance Insight’s “2017 Professional Services Maturity Benchmark,” it’s clear the professional services industry continues to face challenges. Both revenue and headcount growth continue to decline while workforce attrition is increasing.

Global Study: How Media Companies Lead in Organizational Agility

Workday

The media industry is accustomed to change—something that there’s been no shortage of in 2020. Here are the five behaviors that are necessary for organizational agility: Continuous planning. They plan in a continuous, real-time manner, which gives them the speed, agility, and dynamism they need to innovate successfully. Building the future workforce. Our survey broke down organizational agility by industry.

Study 30

Research Preview: Unlocking Organizational Agility to Drive Digital Growth

Workday

Yet digital transformation, including growth through new digital products and services, can’t happen without this one key ingredient: organizational agility. No one can predict the future and the seismic shifts that can rapidly arise in their industry. Because this issue is so important in today’s world, we conducted “Organizational Agility at Scale: The Key to Driving Digital Growth,” a global study of 998 business leaders across a number of industries.

Boo! Four Scary Employee Engagement Situations to Avoid With Better Survey Data Analysis

Visier

Getting a great employee engagement score, but discovering that 15% of your workforce spends half their day on non work-related tasks. But simply surveying your workforce for sentiment data once a year and getting a sleek report won’t give you the insights you need to avoid serious snafus. Picture this: the latest engagement survey reveals that your company has an overall engagement score of 75% — well above the industry average!

Navigating Process and Policy Changes Related to COVID-19

Workday

In light of COVID-19 , human resources (HR) professionals have a new mandate: Ensure the wellbeing of the workforce during the pandemic and help navigate the new normal. The dynamic creates an unprecedented challenge for HR professionals, as they must react quickly to keep their organizations compliant while staying aligned with the changing needs of their workforce and business. This adds further complexity to businesses operations and workforce management during the pandemic.

Global Study: The Organizational Agility Lessons from Higher Education

Workday

The higher education sector has a lot to teach other industries when it comes to organizational agility. Here are the five behaviors that are necessary for organizational agility: Continuous planning. They plan in a continuous, real-time manner, which gives them the speed, agility, and dynamism they need to innovate successfully. Building the future workforce.

Study 28

Remote Workforce Management: How to Adapt and Succeed

Workday

We closed offices worldwide amidst the pandemic and instituted mandatory work-from-home guidelines for most of our workforce. Would they have the tools and information they needed to make the shift to work from home, and to do it successfully and productively? With that, let’s delve into how we and our customers overcame some of the challenges that resulted from switching to a suddenly remote workforce , and ideas for navigating this uncharted territory.

How Customers Are Using Workday to Respond to COVID-19

Workday

Many customers have common needs—like paying their employees on time, identifying new resources and skills, and closing their books remotely—but what’s happening in their specific industries is driving their individual needs. In the last month we’ve had more than 80 new customers go live with Workday HCM, Workday Financial Management, and/or Adaptive Insights Business Planning Cloud. As you know, customers play an integral role in our product development in normal circumstances.