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Workforce Planning is a Team Sport: Collaborating for Success

MP Wired For HR

To ensure effective workforce planning, it’s essential to recognize that different teams must work together, with HR and finance taking center stage. Understanding the financial implications of hiring decisions allows HR to strategically place the right talent in the right roles, ensuring that the workforce operates at peak efficiency.

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HR Software and the Future of Workforce Forecasting

EmployeeConnect

Workforce forecasting, once a reactive exercise based largely on historical data and guesswork, has become a strategic necessity for future-focused companies. And at the heart of this transformation is HR software. In the past, workforce planning typically involved using spreadsheets and gut feeling to predict headcount needs.

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Strategic workforce planning: why and how to begin

Insperity

You probably have a hiring plan. But do you conduct strategic workforce planning? Perhaps the desire to increase profits in the upcoming year demands headcount adjustments, and so plans are made to grow or reduce staff, contractors or consultants. That’s where strategic workforce planning comes in.

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Minimizing turnover risk for today’s workforce: 4 key priorities

HRExecutive

Benchmarking voluntary turnover Voluntary turnover calculates the percentage of total employees who leave an organization of their own accord. When used alongside involuntary turnover, this measure helps an organization assess its overall turnover rate , the health of its workforce and its approach to human capital management more broadly.

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How 3 Organizations Solve the Skills Challenge with People Data

Visier

At our Outsmart panel , Solving the Skills Challenge with Data, Ian Cook , Visier’s VP of People Analytics, spoke with three experts about the challenges of skills development in today’s workforce. This knowledge provides companies with the foundation of data they need for effective workforce planning.

Data 366
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Strategic Workforce Planning 101: Framework & Process

AIHR

Strategic workforce planning 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 workforce planning?

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Replacement Planning: 3 Steps to Develop Your Organization’s Strategy

HR Bartender

(Editor’s Note: This article is an excerpt from my new book, “ The Recruiter’s Handbook: A Complete Guide for Sourcing, Selecting, and Engaging the Best Talent “ (SHRM, 2018) SHRM members can order a discounted copy at the SHRMStore. But replacement planning doesn’t have to be defined as a subset of succession planning.

Strategy 330