Looking to hire the right people at the right time? Learn how to assess headcount and skills needs.
Workforce management software helps manage employee scheduling and workload. But with so many options, which do you pick? We review the best in this guide.
Don't overlook the importance of capacity planning. CFOs, in this guide we show you how capacity planning can be your next budgeting silver bullet.
Workforce planning is a large part of your budget and determines the trajectory of your company: people are, after all, your most valuable resource!
Growing and scaling your FP&A team to meet the evolving needs of your business can feel like an uphill battle. Luckily, with the right tools and strategies, you can conquer the climb.
Workforce planning software is essential for companies wanting to smartly and efficiently scale. Plan headcount, salaries, and more.
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Strategic workforce planning is an analytical process to assess your workforce concerning short- and long-term goals. It lets you know if you have enough skilled people to meet those goals. If you don't, it helps identify workforce gaps by providing a roadmap for hiring and talent management teams.
In workforce planning, first, you determine your goals, assess your workforce, create a plan, execute the plan, and then continuously monitor progress against your original goals.
The 5 key elements of workforce planning are...
(1) Business strategy alignment
(2) workforce demand forecasting
(3) workforce supply analysis
(4) gap analysis
(5) action planning and implementation
Typical examples of workforce planning include capacity planning, succession planning, and headcount forecasting.
Typically, strategic workforce planning is essential for an organization to overcome particular challenges. Through effective workforce planning, organizations can...
(1) maintain adequate headcount to keep the business running smoothly
(2) ensure employees focus on the correct tasks
(3) hire strategically so there are clear succession and leadership development plans