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HR Tech Outlook | Monday, May 09, 2022
Individual employees in strategic positions are critical players in every organization. They have extensive knowledge, attributes as well as skills for that position, and their profile becomes a reference point.
Fremont, CA: Workforce planning is the process by which an organization's needs are aligned with the needs of its workforce. It is the process of having the right people with the right skills in the right place at the right time in the organization.
According to a recent study by one of the world's leading HR research firms, 90 percent of companies conduct some level of workforce planning; however, only 15 percent take a strategic approach to address talent demand, talent supply, and the steps required to close the talent supply gap. Bersin estimates that only 20 percent of workforce planning produces useful results for business leaders when forecasting revenue and operating budgets.
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Proven Steps for Strategic Workforce Planning:
Having Strategic Intent
A strategic plan is the starting point for the entire process. The talent management team, in collaboration with line executives, should review the corporate and functional business strategies, capturing key business priorities and understanding the drivers of business success.
Deciding Strategic Positions
The next step in strategic workforce planning is to identify strategic areas. Identifying roles and competencies that have the potential to expedite the achievement of the business strategy and competencies are critical to strategy execution and delivering results that are in line with the business goals.
Recognizing Strategic Players
Individual employees in strategic positions are critical players in every organization. They have extensive knowledge, attributes as well as skills for that position, and their profile becomes a reference point. Because roles are only as important as the people who fill them, it is critical to evaluate each incumbent in a strategic area.
Implementing an Action Plan
The action plan step entails bringing together various teams and departments to bring your workforce plan to life. The measures include discussing the allocated budget with the accounting team, as well as communicating and marketing new positions available to the respective parties. For the process to run smoothly, you will also need to coordinate with your executive team, IT staff, and middle management.
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