Help Wanted: Charting the Challenge of Tight Labor Markets in Advanced Economies | McKinsey Global Institute

Workforce Planning

You can also view this resource in Issue 248 of my Talent Edge Weekly newsletter. As organizations refine their workforce planning strategies in response to fluctuating supply and demand within labor markets, this comprehensive paper analyzes labor market conditions across 30 economies in Asia, Europe, and North America, focusing on the eight largest: Australia, Canada, …

Read More

Strategic Workforce Planning Playlist | Multiple Resources

Workforce Planning

If you find value in content like this, sign up for my Talent Edge Weekly newsletter. As HR leaders and their teams continue to prioritize strategic workforce planning (SWP), I’ve curated a one-page playlist featuring five SWP resources. The resources include: Can You Answer These 6 Questions Related to Your Organization’s Strategic Workforce Planning? My one-page …

Read More

Tags:

Four Ways Internal Talent Marketplace Can Enable Strategic Workforce Planning | Brian Heger

Workforce Planning

Strategic workforce planning (SWP) is a priority for many organizations. Simultaneously, organizations increasingly use internal talent marketplaces (ITM) to deploy internal talent more effectively. While SWP and ITM are often discussed separately, ITM is an important enabler of workforce planning— necessitating a clear connection between the two.  This PowerPoint slide illustrates four SWP capabilities, the talent …

Read More

Scenario Planning Worksheet for Workforce Planning | Brian Heger

Workforce Planning

If you find value in content like this, sign up for my Talent Edge Weekly newsletter. It’s free. Does your organization’s strategic workforce planning (SWP) consider different scenarios? While SWP for one scenario is challenging enough to execute, preparing for multiple scenarios through scenario planning (SP) can enable organizations to respond more effectively when situations change. …

Read More

Tags:

Can You Answer These 6 Questions Related to Your Organization’s Strategic Workforce Planning? | Brian Heger

Workforce Planning

If you find value in content like this, sign up for my Talent Edge Weekly newsletter. Strategic workforce planning (SWP) remains a priority for many organizations, yet practitioners still struggle to implement it effectively. One reason for this challenge is the overwhelming nature of deciding where to begin. In such instances, simple frameworks can provide invaluable guidance. This one-page …

Read More

Talent Acquisition and Strategic Workforce Planning: A Powerful Partnership | The Conference Board

Workforce Planning

If you find value in content like this, sign up for the Talent Edge Weekly newsletter. It’s free! Strategic workforce planning (SWP) is a priority for many leaders, but its implementation poses challenges for numerous organizations. A recent 28-page report by BCG and WFPMA evaluating 32 HR and talent practices revealed that SWP ranks second out of …

Read More

Why Do Companies Hire Too Many People? | Josh Bersin

Talent Acquisition Workforce Planning

One indicator of ineffective workforce planning is the tendency to overhire, where organizations mistakenly employ more workers than needed. Overhiring results in increased costs, diminished productivity (as revenue per employee declines), and heightened pressure on managers and teams tasked with supporting a larger workforce. This supply and demand imbalance often leads to reactive measures, such as job cuts and …

Read More

Work, Workforce, Workers: Reinvented in The Age of Generative AI | Accenture

Workforce Planning

Both strategic workforce planning (SWP) and AI in the workplace are currently commanding the attention of numerous organizations. Despite being frequently addressed separately, there is a strong interconnection between both topics. For example, AI has the potential to automate specific work tasks performed by workers, creating an opportunity for organizations to free up worker capacity. Said differently, while …

Read More

Tags:

The End of Jobs: Paradoxes of Job Deconstruction in Organizations | Academy of Management Perspectives

Talent Management Workforce Planning

This forthcoming manuscript, slated for publication in the 2024 issue of the Journal of Academy of Management Perspectives, covers the emerging concept of “job deconstruction,” which involves breaking down roles into tasks and projects to match workers based on their skill sets. The article addresses several challenges (and paradoxes) in deconstructing jobs into tasks and examines how organizations can navigate these …

Read More

Use GenAI to Improve Scenario Planning | Harvard Business Review

Workforce Planning

The recent 28-page report by BCG and WFPMA, focusing on 32 HR and people management practices, highlights strategic workforce planning (SWP) as the second most ‘urgent’ practice— representing a significant gap between the practice’s importance and organizations’ capability to implement it effectively. One contributing factor to this gap is the increasing necessity for organizations to integrate scenario planning (SP) into their workforce planning. SP helps organizations envision, describe, …

Read More

Tags: