Aligning Workforce Planning with Business Goals
A well-formed workforce plan that is aligned with business goals can help companies improve productivity, reduce costs, and drive enterprise value. The plan should include detailed action on acquiring, engaging, developing and managing the right talent at the right price to enable the organization to achieve its stated business goals.
If your team is conducting its Workforce Planning separate from the business, they are missing a big opportunity to optimize cost, profit, service delivery and productivity. Having worked with many HR teams, we have helped find millions in ROI using analytics to model and realign their workforce to meet these uncertain times.
In theory, a good workforce plan fits hand in glove with the organization’s business goals and KPIs. In reality, most HR organizations are scrambling to backfill headcount, hire new talent and control workforce costs without linking it to the business.
This is how it usually plays out:
CEO directs Finance to control workforce costs
CEO directs HR to hire more talent
No wonder workforce budgets are a point of contention between HR and Finance! Ideally, the two teams would work together along with the business to find a solution that meets the CEO’s requirements and is aligned with the business goals.
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Key Benefits of Aligning Workforce Planning to Business Goals
Improve business insights through real-time insights
Lower workforce cost and inefficiency due to conflicting interventions
Reduce workforce risks and provide visibility into the impact of workforce strategies
Allow management to optimize between workforce cost, profit, service delivery and productivity
Make faster adjustments to workforce strategies
SOLVE™️ Helps Companies Align Their Workforce Plan
Many companies face this workforce planning misalignment without knowing it.
SOLVE™ Workforce Intelligence Software helps companies better align their workforce strategies with business goals by providing over 620 HR metrics, what-if scenario modeling, automated reports and ad hoc analyses.
Want to know more about SOLVE™ and how it can help you align your workforce strategies to business goals? Click on the button below to submit a contact form and we will get back to you shortly.