How to Build Out a Strategic Workforce Plan

For the last several years, businesses globally continue to be challenged by workforce issues of crisis proportions, including things like high turnover, shortages of qualified staff, and even low morale. More pointedly, businesses had been in survival mode. Consequently, talent decisions have taken a backseat and often were made with little strategic thinking, planning, or even foresight for the future. Navigating this uncertainty successfully requires multiple insights that help inform businesses about the actions to take regarding their strategic direction.
From a business and HR perspective, strategic workforce planning will be (for the next few years), the greatest challenge faced by organizations today. Focused workforce planning can equip us to meet this challenge. As a tool workforce planning is one of the best strategies for improving organizations. Why? Because it forces us to think strategically about how to align people to our business, not so much as a one-time event, but as an iterative process tied overall to business strategy.
Now, for our purposes, although there are many ways to define workforce planning, at its core, we define workforce planning as the strategic alignment of an organization's human capital with its business direction. It is a methodical process of analyzing the current workforce, determining future workforce needs, identifying the gaps between the present and the future, and then implementing solutions so that the organization can accomplish its vision, missions, goals, and objectives.
You may have also heard some describe workforce planning as the process of ensuring that an organization can achieve a strategic objective by having the right people with the right skills in the right roles at the right time, and the right cost. That's actually pretty good, too.
What I'm going to share with you today is our six-step model and roadmap that we use for strategic workforce planning, and then the process that we use to build out a Strategic Workforce Plan.
I hope you enjoy this video and learn something that you can apply right away. If you did and want more, please subscribe to our channel. Be sure to check out our website for even more content, handouts, and free tools that will take you from where you are to where you want to be.
0:00 Intro
2:36 Six-Step model and roadmap
5:11 Strategy translation
8:47 Data collection
11:56 Forecasting and capability review
13:59 Risk identification
16:19 Gap closing talent strategies
18:33 Evaluation
Until next time.
www.rutherfordgroup.org

[@WITHPASTOREBEN]

Great session, RG

[@jackieo7113]

God bless you! Extremely helpful...tyvm for sharing

[@pradeepbhatnagar4848]

How Virtual Organization and Benchmark is Effective Globally in Strategic Planning in HRM?Now HRD is the need of the time for the Development ofOD nd OB.A Good Trainer is must becoz he/she is the Backbone of any Sector for increasing Efficacy Of any Organization?An Institution is the Lengthened shadow of Top Executives reg.Implementation of Positive strategies Globally to Increase Efficacy Of any OD nd OB.A Matured Trainer is a must for the Development of any Sector. T&D is also very important factor in HR.Vry.Nice nd outstanding Lecture.Thanks.

[@BjjDrillers]

I've got an interview coming up for a workforce planning role. This helps me solidify my thoughts for my presentation. Thank you!

[@kevinrutherfordhr]

Glad it was helpful. Best of luck!

[@resuwanrazack7253]

I came across your inspirational video on SWP and learnt alot within 30mins. It will help me prepare for my SWP module in my upskilling class and hopefully being able to contribute in the small company I'm working for.
Thank you for creating this informative video, I'm surprised it didn't get more views as i would have thought.
Best wishes.
Razzy
From, Singapore.

[@kevinrutherfordhr]

Thank you very much for your comments and feedback. You may want to check more cool info at our website rutherfordgroup.org
In terms of views, we're trying our best with organic, its a long process.
Have a great one and cheers from Houston TX.

[@resuwanrazack7253]

@@kevinrutherfordhr Thank you for taking the time to reply. Yes, I did so right away afterwards. Much appreciated for the likedin connect.
Have a pleasant weekend ahead.
Best Regards
Razzy

[@yulicannon9528]

Best SWP presentation! Clear and to the point.

[@kevinrutherfordhr]

Thanks for your kind words Yuli! SWP is one of my favorite areas of HR since it has far reaching impact on the business. Check out other vids when you get a chance.

[@user-nr8ys8xx6m]

Thanks it was very insightful...It would be really helpful if you could explain in detail how to carry out demand forecasting and its techniques especially for MNC's as i'm currently into SWP project working in MNC and kind of lost how to carryout demand planning

[@kevinrutherfordhr]

Thank you for your comment, we appreciate it, we aim to help people in the best of our ability. Regarding your question on demand forecasting and the techniques of it, we'll be hosting a hybrid course soon enough and we'd love to invite you to it. Once ready we'll inform you accordingly.

[@faithinfocuss]

This is fantastic! Thanks for sharing

[@kevinrutherfordhr]

Glad you liked it Faith in Focus, if you want more free tools and tips check out our website rutherfordgroup.org

[@dawittadesse1226]

Very insightful !

[@kevinrutherfordhr]

Glad you enjoyed it

[@Estevanel]

Informative video. Well done.

[@kevinrutherfordhr]

Thank you Tony!