1. Questions Companies Need to Ask About Critical Jobs and Talent
2. Why You Need Workforce Planning
Workforce planning lets HR manage talent shortages and surpluses. By understanding business cycles and tending to "talent pipelines" and current talent inventories, HR can act, instead of just react.
Questions Companies Need to Ask About Critical Jobs and Talent
To ensure that they have an adequate supply of high-performing talent for important jobs, CEOs and HR leaders should ask themselves six key questions.
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nticipating waves of retirements from baby boomers and skills gaps in the
workforce, Deloitte Research predicts that critical talent will become scarcer.
To ensure their organizations have an adequate supply of high-performing talent
for important jobs, Deloitte says CEOs should ask company human resources
leaders the following questions:
4
Which segments of the workforce create the value for which we are most
rewarded in the marketplace?
4
Which areas of our business will be most impacted by impending waves of
retirement? What are we doing to prepare successors? What impact will
anticipated retirement have on the skills and productivity necessary to meet
future demand?
4
In what areas is the talent market heating up (i.e., demand will outpace
supply)? Which segments of our workforce will be most impacted? What are the
potential top-line and bottom-line implications?
4
What skills will we need over the next five years that we don’t currently
possess? How will we create that capacity? What happens to our business if we
don’t?
4
What is our turnover within critical areas? How much is it costing us? In
customers? In productivity? In innovation? In quality? What are we doing to
resolve the root cause?
4
Are we actively developing talent portfolios or workforce plans that will
help us to understand and communicate the financial consequences of talent
decisions on our business?
Source: It's 2008: Do You Know Where Your Talent Is?
Copyright 2004 Deloitte Development
Workforce Management, December 12, 2005, p. 14
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nticipating waves of retirements from baby boomers and skills gaps in the
workforce, Deloitte Research predicts that critical talent will become scarcer.
To ensure their organizations have an adequate supply of high-performing talent
for important jobs, Deloitte says CEOs should ask company human resources
leaders the following questions:
