Workforce Planning

The Worldwide War for Talent II Is Coming: Are You Prepared?

Do you remember the war for talent in the late 1990s? Well get ready, because it’s about to return with a vengeance. If you read my articles and books, you are aware that I do a good deal of forecasting. In the past, I’ve forecasted the beginning and the end to the last hiring boom and the hiring turnaround that …

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Offshoring: Reasons For Failure

Offshoring has become a major topic of conversation lately as more and more firms look to leverage the economic benefits of lower labor costs and availability of skilled labor abroad. While politically many see offshoring in slow economic times, when jobs for U.S. workers are scarce, as taboo, for many firms currently considering or utilizing offshoring, it is the only …

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The 2004 Recruitment Boom: An Interview with Dr. John Sullivan

As an author and corporate advisor, I receive several hundred questions a week from firms looking for advice, direction, and assistance on recruiting issues. Recently, I was contacted by a firm who posed the following questions after reading article I had previously written on preparing for the second installment of the War for Talent. They were interested in sharing these …

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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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