Image Source - (Gleeson, 2020) Strategic workforce planning is the process through which an organization or team assesses its workforce and decides the steps necessary to meet future talent requirements. While you may think of this as simply a staffing tool used by Human Resources to forecast employment demands, it is also important for your staff training plan, organizational design, and team development objectives.
"Teams with successful strategic workforce plans are better positioned to achieve long-term goals and sustain long-term performance," says Marguerite Kunze, assistant vice president, people management & workforce strategy(Gleeson, 2020).
We offer the following fundamental steps to managers who are in the process of planning for their team's current and future needs as the first part of our series on workforce planning.
Step 1: Analyze your talent supply
You should undertake both an internal and external talent assessment as a manager(University, 2018). You could inquire, for example:
- "Does my team consist of long-tenured talent who may retire shortly, leaving large voids in the team?"
- "What are my present team's strengths, and how do they relate to our current needs?"
- "How readily available is the talent I require in today's market?"
- "How much does it cost to hire new people?"
Step 2: Consider your future needs
After that, go over your future business strategies and objectives. Collect data on what your team needs to accomplish, anticipated workload changes, and personnel levels. increase your skills and abilities that are essential to reaching your goals(University, 2018).
Step 3: Identify the gaps
So, what are your requirements? Compare and contrast the disparities in your supply and demand forecasts. Determine the skill gaps and surpluses that are related to the strategic work you must do. For example, given the new projects that will be coming to the group in the coming year, do you need to fill a certain role—project managers, developers, or researchers—or do you require different skill sets altogether?
Step 4: Find the solution
You may now fill up the gaps in your present and future staffing requirements. As a manager, you should evaluate chances to teach and grow your present staff, as well as hiring externally to supplement the talents of your current team. Where would you look for new hires if you had to recruit outside the company, and how many would you need? You'll need to oversee the integration of the new talent into your present team once you've filled up the gaps(Peacock, 2018).
References
Gleeson, S.
(2020) 4 reasons why diversity in the
workplace makes you a better leader [Online] Ladders. Available at: https://www.theladders.com/career-advice/4-reasons-why-diversity-in-the-workplace-makes-you-a-better-leader
[Accessed 08th December 2021].
Peacock, A.
(2018) Diversity and Inclusion Help
Drive Business Success [Online]
Carriermanagement. Available at: https://www.carriermanagement.com/features/2018/07/02/181242.htm
[Accessed 02nd December 2021].
University, S. (2018)
Four steps of workforce planning [Online]
Stanford University. Available at: https://cardinalatwork.stanford.edu/engage/news/four-steps-workforce-planning [Accessed 08th December 2021].
Thank you for sharing valuable information.
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ReplyDeletePlanning is very important in every situation. Organization shiould have a plan to identify the future talent requirements.
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