November 16 , 2018

Workforce Planning

Holy Toledo, the Pre-Boom Has Begun! Are You Ready for a Hell of a Ride?

I am certainly no eternal optimist about the economy. But I did undergo a great deal of education in economics prior to receiving my Ph.D. This education taught me a great deal about the economic phenomenon called “precursors” or “leading indicators” that alert you to other impending economic events on the near-term horizon. Leading indicators exist for almost every form …

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Offshoring: An Essential Element of Talent Management

If you expect to have a strategic impact in recruiting, you must begin to think and act like a talent manager. Talent management is a broad, business-like approach that expands the traditional role of recruiting into areas that increase the overall productivity of your firm’s workforce. One of the areas of talent management that most HR functions have underutilized is …

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Identifying Top Performers for Succession and Workforce Planning

In order to do succession planning, you must first identify the “future leaders” of your organization who will be included in your succession plan. Once identified, those leaders can then be targeted for development and, eventually, a planned progression throughout the organization. But what is the best approach to use to identify the individuals you should put into a succession …

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A Contingent Workforce Strategy as an Effective Part of Workforce Planning

During economic downturns CEOs and CFOs come to HR looking for ways to cut labor costs. As sales go down, labor costs must also go down proportionately. Unfortunately, HR’s responses to requests for labor cost reductions frequently come well after they can have a real impact. But HR must learn to prepare for the inevitability of cost cutting. The most …

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Forecasting Company Growth for Workforce Plans

In last week’s article, we looked at the “precursor approach” to workforce planning. We saw how using this approach was a great way to split the difference between extensive statistical modeling and relying on “gut instinct.” Here we’ll take a look at some precursors that can be used in conjunction with the first element of a workforce plan: forecasting company …

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Using Precursors for Workforce Planning

There are three parts of all successful workforce plans. It turns out that the three parts are not all equal, however. The first part, which is the workforce forecast, is the most important. It projects company growth and the corresponding change in our talent needs as a result of that growth. In most cases, if the forecasts are inaccurate, the …

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Why Workforce Planning Fails, Part 2

Last week, we took an overview of the eight catastrophic failures that have occurred in workforce planning in the past, looking at the areas where workforce planners had gotten into trouble. This week we’ll take a more detailed look at some very specific reasons why workforce plans fail. I have sorted these reasons into categories below for your convenience: Weak Business …

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Before You Try It, Understand Why Workforce Planning Fails

Workforce planning was one of the hottest areas within HR during the 1980s. Now it’s back on top of the hot HR issues list. Why is workforce planning a burning HR issue again? There are four basic driving factors: A shortage of talent. No one wants to go through the rapid growth element of the business cycle without having the capability …

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Why Recruiting Needs To Own Workforce Planning

Workforce planning is currently one of the hottest topics on the planet. Unfortunately, most recruiters see workforce planning as something that occurs beyond their scope. But in fact, it could be their ticket to job security during these tough economic times. Here are a few of the many reasons why the recruiting function should be responsible for managing workforce planning. Why …

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Why Workforce Planning Is Hot

Workforce planning is currently one of the hottest topics on the planet?? and with few exceptions, recruiting isn’t. Unfortunately, most recruiters see workforce planning as something that occurs beyond their scope, when in fact it could be their ticket to job security during these tough economic times. Why Is Workforce Planning Hot? Don’t take my word for it. Look at any survey …

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