An examination of Australian Business perceptions of Interim Management in the workforce and how it can thrive in Australia. Courtesy of 1st Executive, a CareersMultiList partner.
An approach to get the right people for your organisation, when you need them. The solution is simple – but requires a little planning and investment in time. By Susie Rogers, Director, Rusher Rogers Recruiting, a CareersMultiList Partner. Originally posted in the ALPMA blog series
In an employment market that can change quickly, it is important for businesses to have strategic workforce planning in place to ensure that market moves are met and opportunities not missed. Workforce planning has been described as ‘the analysis and forecasting of the talent that companies need to execute their Business Strategies’. Workforce planning will save you money and improve the bottom line, and enable your business to succeed in volatile environments. We know of one organisation that hadn’t even considered that 65% of its manufacturing workforce was due to retire within two and a half years.
Workforce planning has a twofold positive effect on businesses. Firstly, it enables organisations to profile their workforce in terms of demographics and skill sets. Secondly, it ensures businesses have all the necessary information to be able to forecast, identify and plan future workforce needs.
Strategic workforce planning can ease the pressure of skills shortages, especially at an executive and managerial level. The general, finance, IT, HR and Sales/Marketing managers are the executive roles that typically contribute the most value to a company, and companies can find themselves in a predicament when those important roles need filling. With an ageing population leaving the workforce, businesses need to strategically plan for their workforce needs.
1st Executive has workforce planning software that enables businesses to profile the demographics and skill set of their workforce, as well as forecast their business needs - ensuring they get the right people, at the right place, at the right time.
Simply speaking, strategic workforce planning enables you to:
There are five steps to strategic workforce planning: