Workforce Analysis
Use data and collaboration to achieve your business goals with the right workforce strategy
Use data and collaboration to achieve your business goals with the right workforce strategy
Success in business depends on having the right people in place, at the right time, to get the job done. With over 60% of most organizational budgets spent on labour costs—including leaders, employees, contractors, and consultants—it's critical to optimize workforce planning to avoid unnecessary costs and morale issues.
Most organizations invest in some form of short-term workforce planning or "resource/workforce management" to understand how many people they need, the associated costs and skills required. This planning also helps determine whether existing staff can be developed to meet future demands or if external hiring or outsourcing makes more sense.
However, looking further ahead, workforce planning becomes more complex. Uncertainties like fiscal changes, advancements in Artificial Intelligence (AI) and automation, and unforeseen events such as a pandemic can have significant impacts. That's why it's crucial to have a structured process driven by data and insights from key stakeholders. It will help you plan for various business scenarios, ensuring you're prepared to achieve your goals—no matter what the future holds.
Get a picture of what the future might hold for staffing and capability, explore scenarios and identify options to supply to forecasted headcount and skill gaps.
Segment your workforce, determining which roles and skills are most critical to your business and strategy—now, and longer-term.
Get better at using workforce data to improve employee productivity, mobility, retention, career and business outcomes.
Implement a program of activities around general and specific workforce challenges— e.g., map the use of analytics on the job to specific value drivers, engage your stakeholders and ensure strong adoption and change management, etc.
Kickstart (or re-start, as necessary) your workforce planning & analytics business case, implementation and rollout.