Global Approaches to Workforce Planning: What is Working?
Washington, DC (PRWEB) October 3, 2007
The Infohrm Group, the global leader in workforce planning, reporting, and analytics today announced the results of their 2007 survey entitled "Global Approaches to Workforce Planning: What is Working?" Featuring data from over 180 organizations, the survey polled participants on such issues as their level of preparedness for a skills shortage, the extent to which they conduct comprehensive planning processes, and the critical success factors required for effective workforce planning.
The findings were released as part of a keynote presentation by Infohrm’s Managing Director, Anastasia Ellerby, at the company’s 3rd Annual Conference entitled Human Capital Analytics: Driving Business Outcomes.
Key findings include:
- Only 14% of organizations are prepared for the potential loss of skills, corporate knowledge and leadership that will occur within the next five years.
- Prepared firms are much more likely (42% as compared to just 8% of under-prepared firms) to conduct formal workforce planning processes integrated with strategic business planning.
- While industry thought-leaders have long recommended that firms focus workforce planning efforts on critical job roles, results indicate that prepared organizations conduct planning for all job roles, a finding with significant implications for human capital resource allocation.
According to Infohrm’s Anastasia Ellerby, "Organizations with integrated workforce planning processes can realize significant benefits, such as identifying early-warning signs of human capital risks, implementing more targeted recruitment strategies, and improving the allocation of finite HR resources." That said, we see a range of potential roadblocks to achieving success, especially the absence of senior and line management commitment and a shortage of analytical skills within HR." The complete survey findings can be accessed here.
The conference, which concluded on September 26th, featured case study presentations from such organizations as EMC, Ameriprise Financial, Nokia, Pearson, Brown-Forman, and Health Net, while keynote speakers included Norm Smallwood (Co-founder of the RBL Group), Jeanie Duck (Managing Director at the Boston Consulting Group), and Jeff Higgins (EVP of Workforce Planning at Countrywide Financial Corporation).
About The Infohrm Group:
The Infohrm Group is the global leader in on-demand workforce planning, reporting, and human capital analytics solutions. With over 25 years of experience, and a strong customer base consisting of Fortune 500 and 1000 clients, Infohrm has paved the way for organizations to measure the impact of human capital initiatives and drive business results. The Infohrm solutions couple a leading edge on-demand technology platform with strategic consulting services to focus on the analysis of data to help organizations make informed decisions around human capital practices. Learn more at http://www.infohrm.com
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.