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. …

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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, …

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Meet Business Outcomes by Evolving to Strategic Workforce Planning | Deloitte

Workforce Planning

Many organizations are evolving from traditional operational workforce planning to strategic workforce planning (SWP). As highlighted in this Deloitte paper, operational workforce planning focuses on current and near-term workforce supply and demand, whereas SWP explores “what if” scenarios, taking into account new strategic initiatives, mergers and acquisitions, organizational design, and location strategy, among others. In other words, strategic …

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Scenario Planning: Strategy, Steps, and Practical Examples | Oracle Netsuite

Workforce Planning

As several organizations conduct layoffs and job cuts, it reinforces the importance of strategic workforce planning and one tool it relies on: scenario planning (SP). SP is a practice that helps organizations envision, describe, and plan for possible but uncertain and alternative futures they may face. These scenarios are informed by factors such as economic growth, …

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Using Scenario Planning to Enable Strategic Workforce Planning | Multiple Resources

Workforce Planning

If you value content like this, sign up for my free Talent Edge Weekly newsletter, where I share practical tips and curated content on the world of work, workplace, and workforce, ever Sunday, 6 PM EST. Strategic workforce planning (SWP) continues to be elusive for many organizations. A 28-page report by BCG and WFPMA, focusing on …

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Two Resources for Driving Strategic Workforce Planning Through Scenario Planning | Xplane and Gartner

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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Using Scenario Planning as Inflation Continues to Rise | Deloitte Reference

Workforce Planning

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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Four Views Scenario Planning Worksheet | Xplane

Workforce Planning

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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Scenario Planning for a Post-COVID-19 World: Be Prepared for the New Normal | IMD

Workforce Planning

As mentioned in several posts over the past few months, scenario planning (SP) is a tool designed to help organizations plan for uncertain futures. And while SP has been used heavily in industries, such as Oil and Gas, whose performance is “vulnerable to major economic, social, political, and environmental shifts,” COVID-19 has made SP a priority for …

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Ignition Guide to Conducting Scenario Planning | Gartner

Workforce Planning

While HR leaders continue to help their organizations manage through the recovery phase of the pandemic while planning for the future, I continue to get requests to share resources on scenario planning (SP). This step-by-step guide by Gartner allows practitioners to use (SP) to develop scenarios, identify the risks and impact of each scenario, and …

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