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Workforce Planning Tools: The 5 Step Method for Building a Commercial Case for Workforce Planning

Workforce Planning Tools

The first item in your workforce planning tool kit should be the method for building the commercial case to get buy in from the CEO and senior leaders.

You’ll need to identify a revenue-generating role that is regularly filled and show the financial value of filling that role faster.  

The quick 5-step method for building a commercial case for Workforce Planning:

Step 1 – Select a handful of roles for which you can measure the value of 30 days of revenue-generating work. Likely these will be sales roles.

Step 2 – The value of the 30 days is what you will “earn” by filling that role 30 days faster.

Step 3 – Determine how many of these roles you fill per year.

Step 4 – Multiply that number by the 30 days’ value to demonstrate the hard savings of decreasing time-to-fill by 30 days.

Step 5 – Explain that a proper Workforce Plan will allow you to build a talent pipeline in advance or undertake other activities that will cut down time-to-fill… while last-minute notice on vacancies will not.

It’s worth the effort
Employees are a company’s most important asset. It’s perplexing that so many business leaders are comfortable with addressing people needs as they arise rather than developing a well thought-out plan in advance. People are what bring a new strategic initiative to life. If the initiative does not take into account the volume and types of employees necessary to bring the plan to fruition, it will lose momentum, cost more than expected, and possibly fail to achieve the intent.

By demonstrating the value and getting buy-in to workforce planning, you’ll position the company for better project success and create a company “habit” that will reap benefits for years to come.

Need support with Workforce Planning? Hudson has tools, processes and templates that can help you engage with your business leaders. Contact us

Get Hudson’s step-by-step guide to Strategic Workforce Planning titled “Strategic Workforce Planning: A Critical Differentiator for Businesses.” (No registration required). Click here to download.

 
 
 

The Triggers & Benefits of a Workforce Plan

Workforce Plan

When is it time for a Workforce Plan, and what is the expected ROI?

It’s important to understand that a proper Workforce Plan requires a smart balance of technology tools, scenario planning, advanced analytics and strategic insight.

Most organizations are accustomed to recruiting on an ad hoc basis—filling a vacant position or hiring a volume of people when the need arises. There is nothing wrong with this process, as long as the availability of talent far outpaces the demand. This is typically not the case, however.

 


8 Triggers that Indicate Your Organization Will Benefit from a Workforce Plan

1. High cost-per-hire
2. High time-to-fill metrics
3. Undesirable employee churn and turnover
4. Significant company expansion
5. High employee demand in your market
6. People failing to achieve desired level of productivity within a reasonable timeframe
7. Company is still slower to react to new business opportunities
8. Added pressure on current employees covering for open roles

Benefits of a Workforce Plan include:

  • Delivering ROI
  • Agency spend reduction
  • Improved process efficiency
  • Improved budgeting accuracy
  • Role specific information gained
  • Scalable team size according to need
  • Accurately defined roles attract better talent
  • Understanding of known and unknown attrition
  • Greater visibility into technology support needs
  • Enhanced succession planning and internal mobility
  • Proactive talent pipelining of actual business needs
  • Anticipated costs before the recruitment process starts
  • Benefits of being able to plan hiring across the business
  • Better positioned to execute new business initiatives successfully


Another Benefit: A Workforce Plan Energizes Current Employees
Companies can expect substantial improvements in employee engagement and retention efforts. Workforce Planning includes internal mobility, succession planning and professional development. The awareness that a planning process exists to identify internal people for positions before reaching out externally will engage and energize current employees.

Need support with Workforce Planning? Hudson has tools, processes and templates that can help you engage with your business leaders. Contact us

Get Hudson’s step-by-step guide to Strategic Workforce Planning titled “Strategic Workforce Planning: A Critical Differentiator for Businesses.” (No registration required). Click here to download.

 
 
 

Hudson Ranks on LinkedIn’s Global List of Top 25 Most Socially Engaged Companies in Recruitment

LinkedIn Award

Hudson has ranked #4 in the world on LinkedIn’s 2015 list of 25 Most Socially Engaged Companies in the Recruitment Industry

The winners were announced October 7 at Social RecruitIn London, an industry conference for search and staffing professionals whereby attendees share best practices, prized insights and top trends in the recruitment industry.

To come up with the rankings, LinkedIn reviewed a range of metrics including social reach, employee engagement and interactions, talent brand and content marketing power on LinkedIn. Company Page followers, employee activity on LinkedIn, and use of company status updates were key factors in driving social engagement.


According to LinkedIn:
“We’re seeing more and more recruitment firms around the world realizing the benefits of adopting social media. They’re becoming marketing-led organizations versus sales-led organizations, and they’re able to grow their businesses and better engage their clients and candidates as a result.”

LinkedIn is the world’s largest professional network with more than 380 million members in over 200 countries and territories with professionals signing up to join at a rate of more than two new members per second.

To view the full list of 25, click here.

 
 
 

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HUDSON

Hudson is a global talent solutions company. We help transform the workplace and unleash the full potential of organizations and individuals. Our expert team and proprietary tools provide you with unique insights and services that help you maximize your success. Across 20 countries, we deliver a range of recruitment, talent management and recruitment process outsourcing solutions to get you and your business where you want to be.