planning

Are you ready to face
disruption head-on? 

Disruption is a reality in today’s workplace. Companies are challenged today with digitization, contingent workforces, employee well-being and remote and socially distanced work.

YourHR is here to help with your workforce planning and strategy solutions to lead your business through disruption, developing strategies that drive transformation, elevate the workforce experience and maximize the capabilities of your organization to execute. Workforce planning is more than just organizational charts. It is a set of efficient process’ that consists of proactively planning ahead to avoid talent surpluses or shortages.

How does Workforce
Planning work? 

The idea behind workforce planning is that if a company is able to forecast its talent needs as well as its actual supply of available talent, it will be able to staff itself more efficiently. By ensuring that staffing needs are adequately met, businesses can ensure that there are no excess costs associated with a surplus of talent, nor loss of revenue associated with not having enough staff or developed staff on hand to complete work.

Workforce planning is a forward, proactive look ahead and a blend of various aspects of current talent acquisition, employee development and management processes. It involved recruiting, retention, leadership, and employee development, and redeployment. Ensuring there is enough of the best-suited talent available for all business needs is the very core of workforce planning.

What are the benefits of
Workforce Planning? 

There are two main paybacks of workforce planning, the first being your business can avoid the need for mass layoffs in the case of surplus staffing. This not only saves the company money but can also help prevent damaging hits to employee morale. The second biggest payback of workforce planning is companies don’t need to scramble to hire if business needs aren’t being met. Given that hiring processes are notoriously long and difficult, this can severely hamper your company’s ability to thrive during boom cycles.

By planning ahead and forecasting future needs with predicted available talent levels, HR departments can ensure that each area of a business has the correct number of staff on hand to meet the business needs. In the case of a surprise turnover, good workforce planning helps ensure there is a qualified individual available to take on that job in as little time as possible.

By being able to forecast and plan your company can maintain and ensure success over the long haul. Simply reacting to events as they happen is not a recipe for success. Preparing and planning for inevitable boom-and-bust business cycles helps management and operations to mitigate any negative impacts on staff and the business.

Ultimately, having lower turnover rates, lower labor costs, and no need for layoffs not only helps the business run smoother and more efficiently, but it also helps keep employee morale and productivity high. Contact YourHR to find out more about how Workforce Planning can help your business thrive and succeed.

Strategic Planning