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Top 10 Workforce Planning Success Factors
March 13, 2012
By Brian Kelly and Wendy Hirsch
Pick up any HR-related publication or peruse any HR-related conference agenda and one topic you are sure to find is workforce planning. In fact, broaden your search to any human capital-related publication or networking event and you will find that even CFOs and CEOs are focused on workforce planning.
The growth of planning initiatives has been exponential in the last 18 months with more and more companies instituting centralized workforce planning functions. Many questions arise with such growth and change, including:
What many people fail to realize is that virtually all organizations are doing some sort of workforce planning already, but most of the planning activities have traditionally taken place directly in the lines of business. For decades, business executives have participated in the annual budget planning process, with forecasting revenue and head count (cost) for the following 12 months (maybe longer) as the primary driver.
The basic concepts for strategic workforce planning remain the same – forecasting the future of the business, incorporating multiple potential financial scenarios and the required workforce, and then determining action plans to move the business forward.
The execution of strategic workforce planning requires a high degree of focus, energy and patience from business and HR leaders. In order to keep planning simple, we've compiled the following 10 recommendations based on what we find make workforce planning efforts successful:
Is your workforce planning process working? If not, has it become too complex or unwieldy? Mantra of the day: "Keep it simple."