Tag: Scenario 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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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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Strategic workforce planning (SWP) continues to be elusive for many organizations.  While there are various reasons SWP is challenging to implement, one of them is that workforce plans are often developed based on one “scenario”—or what one expects or assumes will happen (e.g., FDA approval of drug X, sales growth of 15%). But as we’ve …

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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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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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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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As HR practitioners continue to lead their organizations through the recovery phase of the pandemic and beyond, this workbook provides a useful tool for organizing and capturing strategies and tactics. Three phases of the crisis provide the foundation for this editable PDF. 1) Respond – dealing with the present situation and managing continuity, 2) Recover – learning and emerging …

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