Strategic Workforce Planning

Strategic Workforce Planning helps ensure that you have the right skill sets and headcount to align with the organization's long-term strategy. Often driven by Human Resource departments, strategic planning often looks ahead two to ten years and considers such factors as:

• Attrition rates, including retirement ages
• New product lines or technologies that require certain skill sets and headcount
• The most critical job roles that require focus on retention

Note:

Strategic Workforce Planning functionality is available only if your administrator enabled it prior to Release 22.10.

Strategic Workforce Planning translates long-term corporate strategy into execution plans by ensuring that the strategy is supported by the right workforce. It provides a regular, proactive way to anticipate future workforce trends and gaps.

To analyze workforce requirements in the future, click . Then enter anticipated workforce requirements:

• Strategic Headcount Planning: Set future headcount targets such as regular and departed headcount.
• Strategic Headcount Attrition Rate: Set the target attrition rate for each job.
• Strategic Headcount Driver: Enter the headcount driver for planning strategic headcount demand.
• Strategic Headcount Driver Rate: Enter the headcount driver rate for planning strategic headcount demand.