Where to Go, What to Do, Who Should Do It: Advanced Workforce Planning Techniques

While workforce planning has been heralded as a means to quantitatively link business strategy and human capital management, in practice many organizations have not advanced workforce planning beyond developing their hiring plans and turnover analysis. While these are important fundamentals, the true power of workforce planning lies in more advanced analytics. Workforce planning can be used to help determine contingent labor strategies, what to outsource, where to locate, what to automate, where process improvement opportunities exist, and a host of other critical opportunities. This session will focus on 3 such advanced analytical techniques – location modeling, outsource modeling, and scenario modeling.

Location modeling focuses on where the best place for work to get done would be. It looks at strategies such as those employed by Nokia to create round-the-clock product development cycles that move around the globe. Outsource modeling helps companies determine what functions or portions of functions should be outsourced vs. insourced. And finally scenario modeling is an approach used for examining different potential business scenarios and their potential human capital implications – particularly useful in dealing with uncertainty. Each of these techniques can help both HR and business leaders make critical business strategy decisions and help organizations understand the flow through impacts to human capital management. They also help inform the strategic planning process and can illustrate risks and confidence levels associated with particular strategies.

Participants will learn the appropriate use of these analytical tools including techniques and pitfalls associated with each. They will learn what data is needed and what level of detail is appropriate to balance the effort required with the value that they provide. Examples of how these analyses have been used will be provided to help participants understand their application.

• Any HR professional
• Workforce Planners
• Strategic Planners
• Strategy Officers
• Strategy Analysts

1. Foundations required to implement more advanced workforce planning techniques
2. Overview of advanced analytics and their application to workforce planning
3. Tools and techniques for conducting Location Modeling, Outsource Modeling, and Scenario Modeling
4. Tips and traps for linking advanced workforce planning to the strategic planning process

Human Resource Forecasting and Modeling, Dan Ward, Thomas P. Bechet, and Robert Tripp (ed.) The Workforce Scorecard: Managing Human Capital to Execute Strategy, Mark A. Huselid, Brian E. Becker, and Richard W. Beatty Investing in People: Financial Impact of Human Resource Initiatives, Wayne Cascio and John Boudreau
The Workforce Expert Blog - http://workforceexpert.typepad.com/the-workforce-expert/ Click here

		Brian Wilkerson Revolution Advisors LLC View Profile