Data-driven analytics and human resources (HR) have long been seen as separate entities with little overlap. However, as we move further into the digital age, the two are becoming increasingly intertwined, especially in leading companies with strong people analytics functions.
Read MoreData-driven analytics and human resources have long been seen as separate entities with little overlap. In the digital age, HR and data analysis are becoming more connected, especially in Leading Companies.
Read MoreWorkforce planning has emerged as the prevailing trend of the year (or post-COVID-19 era) as organisations strive to leverage their potential in navigating the complexities of the current economic uncertainty. However, despite the hype, many of these organisations are grappling with the terminology associated with this practice. Skills, knowledge, behaviours, and competencies are frequently used interchangeably. However, it's important to note that they hold distinct meanings within workforce planning.
Read MoreFrom economic instability to remote working policies, disrupting events in 2020 have forced many organisations to adapt their business and operating models rapidly. This, in turn, has left many HR leaders wondering how they can best plan for their workforce in a constantly evolving landscape. Tie this in with the current skills shortage that most industries face; the need for an effective workforce planning strategy has never been more transparent. But workforce planning is more than just forecasting headcount and budget allocations. It is a process that aligns an organisation's workforce with its overall business strategy and goals. It involves understanding the current and future workforce composition, identifying gaps, and developing action plans to bridge them. As our Insight222 People Analytics Trends 2022 report showed, Workforce Planning is also a key area where HR leaders and People Analytics more specifically add business value.
Read MoreHow is the engagement of our employees impacting their performance? How can we optimise team leadership to avoid voluntary turnover? These are questions that remain, still without a clear answer because we have not been able to develop tools that describe the relationship between somehow abstract concepts, such as engagement or leadership, with others that are not, such as performance or turnover. In this blog Marta Gascón Corella explores whether strategic workforce planning really provides us with an end to end solution to be able to support the organisation answer these questions as HR as a function continues to move to becoming a strategic pillar in the organisation.
Read MoreIn its simplest form, workforce planning is a “framework for analysing both the current and desired future states of the workforce”, which must be scoped in accordance with business context and strategy. Because of the importance of the business context, there can be no “one size fits all” roadmap to successful workforce planning applicable to all organisations. In this blog we explore the business benefit of skills based workforce planning and how IBM have used internal skills data to infer skills across their workforce.
Read MoreIn this month’s collection of the best People Analytics and HR articles David Green features four powerful new research studies are included: i) RedThread Research and Degreed team up to analyse what a skills-based approach to Diversity, Equity, Inclusion and Belonging looks like, ii) Jason Corsello looks at the macro trends impacting the future of work, iii) McKinsey and LeanIn.Org present the seventh edition of their Women in the Workplace study, and iv) the team at Insight222 present our People Analytics Trends 2021 study and much more!
A skills-based approach to workforce planning is becoming increasingly attractive to organisations. Skill availability is well and truly on the CEO’s agenda, with research from McKinsey showing that 79% of CEO’s are concerned about skill availability impacting innovation, cost, quality and growth. In our own research at Insight222 on the future of workforce planning, nearly all companies surveyed expressed a desire to build a skills-based workforce planning process. However, only a quarter of companies were actively doing so. In this article we explore the surging interest in a skills-based approach to workforce planning and how the Insight222 model expands on the traditional, well-known model of workforce planning.
Read MoreWhen done well, workforce planning delivers millions of dollars to the organisation through predicting where skills and workforce costs will be in the future and how to plan for them in the right locations, while managing existing costs. However there are a number of complexities surrounding workforce planning that make it difficult to achieve the business value. In this blog, we will explore the skills needed to take on these challenges. To navigate these complexities, it is imperative for the workforce planning team to build skills in the following three areas 1. Consulting and influencing 2. Analytical skills 3. Stakeholder management.
Read MoreWorkforce planning is a business activity. It is not an HR activity. In leading companies, workforce planning delivers millions of dollars to the enterprise through predicting where skills and workforce costs will be in the future and how to plan for them in the right locations, while managing existing costs. In research conducted in 2020 across almost 50 global organisations, including in-depth studies of twelve Fortune 500 companies, Insight222 concluded that there are significant factors that leading companies perform when they “do workforce planning well.” Throughout this article we explore the nine dimensions for excellence in workforce planning.
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