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Strategic workforceplanning enables HR and business leaders to identify and anticipate their workforce needs and challenges and take action to ensure the organization is prepared to succeed not only today but in the future. Contents What is strategic workforceplanning?
Supporting workforceplanning: HR uses data and metrics to anticipate and address current and future staffing and talent needs, ensuring the organization has the right people in the right roles. Kaplan and Norton (2007) , the researchers who developed the Balanced Scorecard, explain the difference in their paper.
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. Optimize WorkforcePlanning to Increase Productivity.
One of the most devastating economic slumps was the 2007-2009 Great Recession. Also, during workforceplanning, make sure you consider the current and future state of the labor market. This strategy is often based on data gleaned from competitive benchmarking, wage projections, or other forecasting and predictive analysis.
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