Through careful selection of metrics and the study of human capital trends in relation to those metrics, leaders can analyze the impact of workforce initiatives on the organization’s business strategy and proactively manage their talent. Gain a better understanding of what workforce analytics are and how they are integral for strategic planning to support the company's overall strategies.
Workforce planning is most effective when it’s carefully aligned with the organization’s business strategy. A key step to ensuring this alignment is building the right workforce planning team. These players should represent different areas of the organization, from executive leadership to HR to finance. This easy-to-follow worksheet provides guidelines for making sure the right roles from your organization are represented in order to ensure strategy alignment and planning success.
In today’s modern economy, most organizations spend thousands, if not millions, of dollars on solutions that track critical business assets: financial data, customer information and IT hardware, to name a few. While these assets are important, they do not facilitate tracking or managing the single most important asset in every organization: the company’s workforce and organizational structure. We’ve got five reasons that show the benefits of doing so.
What is the value of your workforce to your organization’s bottom line?
This is a question that HR professionals face on a daily basis. It’s also the reason why workforce metrics have become critical tools for business.
The following guide developed by Aquire — experts in workforce planning and analytics solutions — provides definitions of key metrics as well as a step-by-step process and examples for identifying the net benefits gained from a specific HR initiative.
What’s your current state of workforce planning? Get to the heart of effective workforce alignment with key strategies from Lois Melbourne, Aquire CEO and industry visionary in workforce planning and analytics.
Organizational Charting and Reporting
Workforce Modeling/Scenario Planning