Category: Workforce Planning

As organizations prioritize strategic workforce planning (SWP), scenario planning can help improve the effectiveness of their SWP efforts. Scenario planning (SP) helps envision, describe, and plan for possible—but alternative—futures an organization may face. These scenarios are generated by considering factors such as economic growth, labor market conditions, and the introduction of new technologies, to name a few. …

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As inflation persists, workers’ real wages and buying power continue to decline despite wage growth. In the U.S. alone, consumer inflation is up 8.6% in May 2022 compared to May 2021—its highest level since December 1981. And with little signs of this trend slowing down soon, organizations are increasingly concerned about the impact inflation will have …

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Many organizations increasingly recognize the importance of strategic scenario planning (SSP) in light of the pandemic. SSP is a tool that helps organizations envision, describe, and plan for possible–but alternative futures an organization may face. SSP enables firms to prepare for uncertainties, considering such factors as the amount of economic growth, labor market conditions, and …

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