Q&A

What is a workforce planning strategy?

What is a workforce planning strategy?

Strategic workforce planning is created by designing a process within your organization that proactively anticipates current and future hiring needs. This will ensure your organization has the resources needed to meet its business goals.

What are the main principles of effective workforce planning?

What is workforce planning?

  • Reduce labour costs in favour of workforce deployment and flexibility.
  • Identify and respond to changing customer needs.
  • Identify relevant strategies for focussed people development.
  • Target inefficiencies.
  • Improve employee retention.
  • Improve productivity and quality outputs.

What are the steps in workforce planning?

Explore the 6 Stages of Workforce Planning to get started. 1 Strategic Direction 2 Supply Analysis 3 Demand Analysis 4 Gap Analysis 5 Solution Implementation 6 Monitoring Progress What are the phases of Workforce Planning?

How do you create a strategic workforce plan?

7 Steps For Successful Strategic Workforce Planning

  1. Consider the long-term goals of the organization.
  2. Analyze your current workforce.
  3. Find future skills gaps.
  4. Prepare for different scenarios.
  5. Don’t hesitate to ask for external advice.
  6. Don’t forget your company culture.
  7. Monitor and adapt.

How do you approach strategic workforce planning?

What are workforce strategies?

A workforce strategy helps you achieve your business objectives by sizing up your existing talent and predicting your staffing needs, for the immediate future and for the long term. A strategic workforce plan ensures you have the employees you need when you need them.

What is strategic workforce management?

A definition. Workforce planning, also called strategic workforce planning, is about making sure that the right person is in the right job at the right moment. This means that there are not too many people available (overstaffing) nor too few (understaffing).

What tools are used in workforce planning?

The 5 Most Common Workforce Planning Tools

  • Organizational Strategy.
  • The 9-Box Grid.
  • HR Analytics & Reporting.
  • Total Compensation and Benefits Analysis.
  • Contingency Planning.

How is strategic workforce planning implemented?

6 Steps to Implement Strategic Workforce Planning into your Business

  1. Step 1 – Align Business Strategy with Hiring Needs.
  2. Step 2 – Analyze and Identify the Future Needs for Talent and Skills.
  3. Step 3 – Analyze the Talent Supply and Undertake a Gap Analysis.
  4. Step 4 – Preparing for Different Scenarios.

What is the meaning of workforce planning?

Workforce Planning The most common definition of workforce planning (WFP) is “having the right people, in the right place, with the right capabilities at the right time”. The key principles of WFP are about: Identifying future business directions and workforce needs

What are the key principles of workforce performance planning?

The key principles of WFP are about: analysing and understanding the make-up of the current workforce (through demographic staff profiling, SWOT analysis, environmental scanning etc.) determining the necessary skills, capabilities and competencies required to achieve strategic and operational goals in the future

How does human resources support workforce planning?

Human Resources supports workforce planning through the provision of: advice and guidance relating to change management. For more workforce planning, please see our FAQs and other resources below.

What are the alternatives to workforce planning?

The alternative to WFP is to make staffing decisions in an ad-hoc or reactionary way that does not support the longer-term goals of the organisation. This type of decision-making may lead to: poor management decision-making. Human Resources supports workforce planning through the provision of: