Why workforce planning matters for every business

Why workforce planning matters for every business

Memory Nguwi caught up with Tracy Smith (USA) to explore how workforce planning can help businesses reduce workforce management risk. She is an expert on analytics (HR, diversity, supply chain, purchasing, quality, customer service, ops), a business author, and speaker. She regularly advises companies on how to apply analytics in a practical and cost-effective way.

MN: What is workforce planning?

TS: Strategic workforce planning is about identifying the biggest risks in your workforce and setting plans to address those risks before they impact your business substantially.

MN: Is workforce planning separate from business planning?

TS: Workforce planning is a component of business planning and it should, therefore, be integrated into the same planning process. That said, it is often difficult to create the integrated process until many workforce planning lessons have been learned. Realistically, most companies begin with smaller components of workforce planning and work their way up into a more complex and integrated process.

MN: Why should a business worry about workforce planning?

TS: With the speed of technological change, the needs of the workforce are changing much faster than they did 10 years ago. Without a process to actively identify changes that can impact the business, a company risks not having the key workforce it needs to remain competitive.

MN: How different is workforce planning from succession planning?

TS: These are two different planning processes. In most companies, succession planning is only completed for the management levels to ensure continuity in the near-term. Workforce planning identifies and plans for the key roles within a company regardless of where it sits on the org chart.

MN: One of the biggest challenges in workforce planning from my experience is being able to accurately forecast future business performance and factor that into workforce planning?  What risks arise if we forecast wrongly how the business will perform?  How can we enhance business forecasting for purposes of workforce planning?

TS: Forecasting business performance is very challenging as it can only be as accurate as the information on which it was based. Since workforce planning is a component of business planning, it is important to revisit the forecast and its implications regularly. The more uncertain your business forecast is, the more often you will want to revisit both the forecast and its implications. Don’t be afraid to make adjustments since business conditions and knowledge of one’s own industry change over time.

MN: What are the key steps in workforce planning?

TS: Here is the framework for workforce planning.

MN: How do you assess the importance of a role when doing workforce planning?

TS: There are several methods available, but all will touch on several important points.

  • What are the skills you need to protect today?
  • What are the skills you don’t have today that you need for tomorrow?
  • Which roles, if they vanished today, would severely impact the ability of your business to function?

MN: How do you factor in the quality of labour in workforce planning? You may have the right quantities per role but not the right quality?

TS: It’s more that you may have the right quantity of headcount but the wrong skill sets. That’s why you must assess two types of “gaps” in SWP: headcount and skill set.

Memory Nguwi is an Occupational Psychologist, Data Scientist, Speaker, & Managing Consultant- Industrial Psychology Consultants (Pvt) Ltd a management and human resources consulting firm. He is the president of the Zimbabwe Psychology Association. He hosts a radio program HR Perspective every Thursday at 1900hrs on Capitalk 100.4FMhttps://www.linkedin.com/in/memorynguwi/ Phone 481946-48/481950/2900276/2900966  or email: mnguwi@ipcconsultants.com  or visit our website at www.ipcconsultants.com

277 Responses

  1. critical thinking argument
    elements of critical thinking
    practice critical thinking test

  2. dissertation data analysis help
    proquest dissertation
    edd dissertation topics

  3. uf dissertation award
    dissertation research
    getting help online

  4. Sallistsl says:

    cheap dissertation writing
    dissertation proposal
    help with my dissertation

  5. essay writing services 2019
    dissertation abstracts international
    dissertation help ireland editing

  6. Tandistsl says:

    online mobile casino
    best casino online
    best online casinos for usa players

  7. dissertation help uk
    dissertation help
    uk dissertation writing

  8. Tandistsl says:

    casino free bonus
    online casino signup bonus no deposit
    best casino welcome bonus

  9. how to write a dissertation
    dissertation writing and editing
    dissertation express

  10. dissertation research and writing
    writing doctoral dissertation
    help dissertation dissertation help

  11. online casino deposit bonus
    online casinos no deposits
    real casino online

  12. Audrestsl says:

    writing dissertation methodology
    dissertation writing advice
    how long should a dissertation be lse

  13. sign up bonus casino no deposit
    free sign up bonus
    online casinos for usa players

  14. dissertation writing advice
    thesis or dissertation
    dissertation proposal

  15. online casinos
    online casino bonus
    free cash bonus no deposit casino

  16. Dixiestsl says:

    best online blackjack
    casino sign up bonus no deposit
    free cash bonus no deposit casino

  17. free bonus no deposit casino
    online casino real money usa
    free cash no deposit casino

  18. top online casino
    online real money casinos
    online casinos for real money

  19. Pearlstsl says:

    best deposit bonus casino
    us online casinos
    welcome bonus no deposit

  20. blackjack payout
    online casino free bonus no deposit
    gambling casino online bonus

  21. win money online
    no deposit casino real money
    casino games win real money

  22. mobile slots
    free casino bonus
    best online usa casinos

  23. avira phantom vpn
    vpn software
    hotspot shield vpn

  24. free no deposit bonus
    no deposit sign up bonus casino
    free online casino bonus

  25. online casino real money
    best usa online casinos
    online casino free signup bonus no deposit required

  26. best casino welcome bonus
    online casino no deposit bonus
    casino deposit bonus

  27. Fanyastsl says:

    biggest online casino bonuses
    online casino sign up bonuses
    best online casino welcome bonuses

  28. online casino sign up bonuses
    top online casinos usa
    online casino real money

  29. express vpn download
    free vpn for phone
    best vpn for streaming reddit

  30. fastest vpn service
    vpn with free trial
    download vpn free

  31. online casino free bonus
    gambling online for real money
    mobile gambeling

  32. best vpn for streaming
    best vpn for crypto trading
    best free vpn download

  33. best casino online
    no deposit on line casinos
    online casinos free bonuses

  34. online mobile casinos
    best usa casinos
    online casino bonus

  35. Gladistsl says:

    gay piss play dating
    gay speed dating denver
    whats the best sith for findina a gay dating site

  36. dating for older gay men
    gay dating upstate new youk
    woman ‘why can’t i stop dating gay men?’ 2018

  37. Joannstsl says:

    pof dating app
    positive singles
    yahoo dating personals

  38. gay dating apps military man imposter
    free discreet gay dating site
    where can a hungry gay bottom find a top dating

  39. local online dating sites
    dating sites for singles
    local free personal ads

  40. Gladistsl says:

    gay dating grinder
    memphis gay dating
    gay dating cites

  41. free dating site chatting
    [url=”https://freephotodating.com”]date free service[/url]
    free onilne dating

  42. gay dating service worcester ma
    manhunt gay dating site login page
    free gay twink dating

  43. best online casinos usa
    best free casino bonus no deposit
    best online casino usa

  44. Karrystsl says:

    local-singles club
    zoosk dating sitef
    dating website best

  45. Amatastsl says:

    online gambling real money
    biggest online casino bonuses
    best casinos online

  46. Trudestsl says:

    online mobile casino
    casino reviews
    online blackjack for real money

  47. gay men chat roon 91764
    gay chat chat
    gay chat ro

  48. Deeynstsl says:

    gay sex chat free
    gay phone chat lines caribbean
    cookeville tn gay chat

  49. indian gay chat room
    all free gay chat rooms
    westchester gay chat rooms

  50. gay webcam chat software
    gay boy teen webcam chat
    gay chat safe

  51. what does the diamond emoji mean in gay chat https://free-gay-sex-chat.com/

  52. Josephtob says:

    Gultekin Ben Gultekin Ben

  53. m4m chat phone free rochester ny gay
    indiana gay chat
    gay video chat apps

  54. whosaguy gay chat room
    gay video chat tumblr
    fcn chat gay

  55. free gay chat apps for windows
    free gay chat lines
    free live gay web cam chat roos

  56. Hildestsl says:

    popular gay chat 360
    free gay mens chat phone
    free gay random webcam chat

  57. popular gay chat site
    gay zoom webcam chat
    gay phone chat free no cost

  58. ring central gay pnp slam 2019 room chat code
    gay phone sex chat
    chicago gay chat rooms free

  59. gay phone chat free no cost
    free gay chat apps for windows
    gay chat room in my area

  60. free online personals
    zoosk login
    single free dating sites for sex

  61. Всем рекомендую этот обменник биткоин для обмена криптовалюты в России! Процесс обмена биткоин происходит от 5 до 15 минут.

  62. free personals site
    pof dating sites usa
    skip the games dating site

  63. mamnalegE says:

    what are the side effects of doxycycline Wound care mantra The key to pollution is dilution.

  64. write my essay today
    can you write my essay for me
    college essay writer

  65. i need help with my college essay
    cheap custom essay
    help with writing essays for college applications

  66. On this site u can buy all known nft monkey for very good price!

  67. Martystsl says:

    essays on the help
    buy an essay cheap
    custom essays review

  68. english essay writing service
    can you write my essay
    cambridge essay service

  69. essay writing services us
    services essay
    help me write a narrative essay

  70. HaroldBoavy says:

    Что такое гибкие кабели?
    Самый простой кабель – это одножильный провод с пластиковой оболочкой.
    Он может гнуться и сохраняет этот изгиб – если вы не делаете это слишком часто, потому что иначе провод ломается.
    Такие простые кабели используются в домашних установках.
    После установки кабель остается нетронутым в течение десятилетий.
    Такие твердые провода не подходят для многих других применений, где кабели должны быть гибкими и эластичными.
    Здесь проводники в жилах состоят из нитей – пучков тонких проволок, которые можно сгибать миллионы раз, в зависимости от конструкции, не ломая и не теряя свойств тока или передачи данных.
    Одно из самых неприятных мест для кабеля – тяговая цепь. Здесь кабели питания, сервопривода и передачи данных расположены близко друг к другу и перемещаются вперед-назад по мере работы машины.
    Иногда со скоростью более пяти метров в секунду с ускорением, превышающим ускорение силы тяжести более чем в пять раз.
    Кабели проложены в тяговой цепи таким образом, что они изгибаются только в одном направлении.
    КГ 3х16+1х10-0,38

  71. custom essay writing toronto
    essay writer services
    best essays writing service

  72. student essay help
    best essay service
    persuasive essay helper

  73. essay writers
    essay writer service
    custom essay service toronto

  74. Pennystsl says:

    buy essay papers
    help to write essay
    best essay writers online

  75. best custom essay writers
    automatic essay writer
    custom essays online

  76. essay proofreading service
    essay about service
    essay writer

  77. Charostsl says:

    service essays
    buy essays online
    custom essays toronto

  78. Dronastsl says:

    custom essay writing reviews
    buy an essay online cheap
    order cheap essay

  79. Twylastsl says:

    help with writing essays for college applications
    custom essay online
    write my history essay for me

  80. help me with my essay
    custom essays service
    custom my essay

  81. live essay help
    i need help writing a descriptive essay
    english literature essay help

  82. help write an essay
    help writing grad school essay
    help write essay online

  83. write my admissions essay
    help me do my essay
    best essay cheap

  84. essay help service
    buy college essays online
    help writing essay

  85. On this site all known monedigo and very good and trust!

  86. i cant write my essay
    write my essay canada
    need help writing scholarship essay

  87. Unlackawl says:

    cialis 5 mg best price usa The mitochondria are important organelles that regulate cell survival or apoptosis mediated by changes in the production of reactive oxygen species ROS

  88. custom admission essay
    help me essay
    custom written essay

  89. Traviscoerm says:

    dating sites our time danting site

  90. FrancisMal says:

    https://datingtopreview.com/# free dating sites no fees

  91. Lloydzow says:

    canada pharmacies without script reliable mexican pharmacies

  92. CaseyDup says:

    https://withoutprescription.shop/# prescription drugs online without doctor

  93. Edgareloft says:

    https://pharmacyreview.best/# canadian pharmacy cialis 20mg

  94. Lloydzow says:

    best dating service free date men

  95. Picatte says:

    stromectol crema JTS researched the literature for this case and contributed significantly with tables and relevant intellectual comments on the manuscript

  96. Edgareloft says:

    https://withoutprescription.shop/# canada drugs online pharmacy

  97. Williamvek says:

    dating sinulator online best dating site

  98. Lloydzow says:

    plentyoffish dating sites who is brent rivera dating

  99. Edgareloft says:

    https://withoutprescription.shop/# cheapest viagra canadian pharmacy

  100. Williamvek says:

    free dating chat all free dating site

  101. Lloydzow says:

    meet women at zushi beach game online woman

  102. CaseyDup says:

    https://pharmacyreview.best/# best online canadian pharmacy

  103. Edgareloft says:

    https://pharmacyreview.best/# canadian pharmacy review

  104. Brandonnoife says:

    prednisone 2 5 mg prednisone 10 mg

  105. Stevemop says:

    where to buy clomid purchase clomiphene

  106. Brandonnoife says:

    buy clomid 50mg clomid uk

  107. CharlesCeste says:

    reputable canadian pharmacy canadian discount pharmacy

  108. CharlesCeste says:

    viagra sampleviagra cialis cialis price comparison

  109. MosesRog says:

    licensed canadian pharmacies most reputable canadian pharmacy

  110. RichardJer says:

    medications without prescription canada drug pharmacy

  111. MosesRog says:

    prescription drugs without doctor approval canada pharmacy online canada pharmacies

  112. Aerodseve says:

    is a half dose of tamoxifen better than none Those that affect inflammation also seem related to recurrence, Dr

  113. DavidVog says:

    canadian mail order pharmacy reviews canadian pharmacy order

  114. Jeffreyvop says:

    dating gmail germany dating free chating

  115. RichardJer says:

    cheap meds no prescription trusted canadian pharmacies

  116. Matthewzet says:

    cheapest pharmacy to fill prescriptions without insurance cheapest pharmacy to fill prescriptions without insurance

  117. Jeffreyvop says:

    no prescription needed pharmacy online pharmacy non prescription drugs

  118. Matthewzet says:

    asia dieting wep sex dating free

  119. Very good site to buy satbayev.university pouches in killapods!

  120. MichaelNox says:

    amoxicillin discount coupon buy amoxicillin 500mg canada

  121. Charlesjem says:

    https://nonprescriptiontadalafil.site/# tadalafil soft gel capsule 20mg

  122. CharlesBiaLf says:

    clomid for men purchase clomid

  123. Georgeneurn says:

    free dating sites no payment free date site

  124. Bloonee says:

    Jackson UBRIbKmfsKfSlaq 6 19 2022 doxycycline throwing up

  125. Underve says:

    lasix and sodium The prevalent wisdom is that women in menopause lack the estrogen hormone, and phyto estrogen replenish the body with estrogen

  126. can someone write my essay
    online essay writing service review
    what is a good essay writing service

  127. Georgeneurn says:

    medicine erectile dysfunction ed medications list

  128. Edwintok says:

    prednisone buy can i buy prednisone online in uk

  129. Excuctunc says:

    pct clomid dose References 1 Clark LT, Watkins L, PiГ±a IL, et al

  130. BryanPrinc says:

    amoxicillin without a doctor’s prescription prescriptiondrugs24.com
    pet meds without vet prescription canada prescription drugs without doctor approval

  131. Edwardskert says:

    https://prescriptiondrugs24.com/# prescription meds without the prescriptions

  132. Franknox says:

    cheap pet meds without vet prescription prescriptiondrugs24.com
    comfortis for dogs without vet prescription ed pills without doctor prescription

  133. Edwardskert says:

    https://prescriptiondrugs24.com/# pet meds without vet prescription

  134. BryanPrinc says:

    ed meds online without prescription or membership prescriptiondrugs24.com
    buy prescription drugs online without prescriptions without a doctor online

  135. TimothyWEP says:

    https://edpillsfast.com/# medicine for erectile

  136. TerryBiz says:

    best ed drugs edpillsfast.com
    best ed treatment pills discount ed drugs

  137. Danielkal says:

    best ed medications edpillsfast.com
    cure ed discount ed drugs

  138. academic custom essays
    cheap essay writer
    buy a essay

  139. Keithgeshy says:

    new ed pills edpillsfast.com
    best ed pills non prescription top erectile dysfunction pills

  140. TerryBiz says:

    erection pills online edpillsfast.com
    natural remedies for ed best ed medication

  141. service essay
    college essay ideas help
    common application essay help

  142. Jesustocky says:

    Недавно ходил на экскурсию по питерским крышам с ребятами из https://rooferok.ru/. Восхищен тем, как все прошло. Очень атмосферно и рассказывают информативно. Всем рекомендую их услуги!

  143. Josephsum says:

    https://naijamoviez.com/# pharmacy price compare

  144. cheap essay writing service usa
    best essay writing service review
    best custom essay sites

  145. Alvaroawali says:

    overseas pharmacies naijamoviez.com
    canada mail pharmacy canadian meds without prescription

Leave a Reply

Your email address will not be published.