Practical HR Tips, News & Advice. Updated Daily.
It sounds oxymoronic to talk about how human resources can find synergies with artificial intelligence. But that’s exactly what many cutting-edge HR teams have been doing, and there are plenty of insights to be gained by those who are a little late to jump on the AI bus. “Effective leadership is embracing technology through AI-driven […]
Rashad Delph joined Chevron nearly five years ago as the manager of People Analytics and Insights, where he was immediately drawn to the company’s vision to lead in shaping the future of work. In this role, he leaned heavily into various perspectives, analytical insights and industry and functional trends to inform Chevron’s strategic workforce planning […]
It’s no secret that advanced economies are seeing a frightening demographic shift. Fewer births and greater longevity have combined to create older populations with fewer young people caring for the elders. This hasn’t been seen at any point in recent memory for most nations, and many observers have referred to it as the “demographic time […]
Dipa Homer is a risk-taker, an important trait her parents passed on to her before she was born. Homer’s parents were born and raised in Bangladesh but decided to move to and start their family in a new place that offered opportunities. They chose Sydney, Australia. Both Homer and her brother were born and raised […]
Workforce planning is the process of building a robust organization through analyzing, forecasting, and determining workforce supply and demand, and it typically includes business plans for head count and finance. Good workforce planning also records skills and competencies to inform and maintain optimum resourcing and succession plans across all teams and locations as business needs […]
In a recent survey conducted by Paycor, business leaders were optimistic about the future. Nearly half expect the economy to bounce back, 96% received some form of government aid, and almost half are planning to hire full-time employees this year. And yet the suddenness and volatility of the moment are causing real anxiety.
More of the workforce remaining for the long haul can be great for the employer. After all, this means more industry and organizational knowledge is kept in-house, customer relationships are continued, and loyal employees stay on, resulting in better retention rates and fewer vacancies.
The makeup of the C-suite continues to change, redefining roles based on new organizational structures and company and market expectations, as well as demanding a wider breadth of skills to succeed in today’s business world.
If you have been long looking for ways to optimize workflow and still haven’t implemented workforce planning, you are missing out on plenty of opportunities. It is a key element in every business’s success formula.
Look around your company. What do you see? Is everyone around you roughly the same age? Or does it vary?