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Infohrm Survey Predicts Increasing Investment in Workforce Planning for 2010
Findings from the 2009 Global Workforce Planning Survey Illustrate How Business Leaders are Integrating Workforce Planning, Risk Management, and Financial Modeling
Washington, DC (PRWEB) November 13, 2009 -- In one of the largest workforce planning studies ever conducted, almost fifty percent of the 780 respondents expect their investment in workforce planning to increase across the next 12 months. Produced by Infohrm, the global leader in workforce planning, reporting and analytics solutions, the 2009 survey entitled "Workforce Planning: Securing HR's Role in the Business" investigates what structures, practices, and outcomes differentiate leading workforce planning organizations from their peers.
Infohrm identified thirty-two Leading organizations that, in meeting four key criteria for workforce planning, are able to:
| | - Communicate that workforce planning is highly valuable to the business
- Demonstrate the impact of workforce planning
- Measure the return-on-investment (ROI) of workforce planning
- Use workforce planning as a strategy for competitive advantage
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Key Findings
In contrast to their peers, Leading organizations are significantly more proficient in aligning workforce planning with risk management and strategic business cycles, and in implementing early-warning systems that alert business leaders to changes in key metrics. Consistent with Infohrm's approach to workforce planning, Leading organizations are also more effective in:
| | - Using a Center of Excellence structure that integrates workforce planning activities across the organization
- Creating multiple risk-based scenarios that aggregate internal and external business drivers
- Seeking out workforce planning staff with strong business skills
- Adopting advanced technologies to create, manage, and disseminate business unit- or job family-specific forecasts
- Drawing from a diverse range of talent management strategies to address high-priority risks
- Focusing planning practices on proactive business growth, rather than reactive workforce, decisions
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Across the full survey, it is clear that organizations do not achieve best practice in workforce planning based solely on experience. Instead, organizations that follow a time-tested methodology for implementing workforce planning are more likely to be successful than those adopting an ad-hoc approach.
"Effective workforce planning is one of the critical human capital practices that will position organisations for success as they emerge from the current economic cycle," said Brian Kelly, President of Infohrm North America. "The results of our global survey illustrate how senior executives with talent management responsibilities are using advanced workforce models, analytics, and technologies to manage operational risks and drive competitive advantage."
A copy of the full survey findings can be found in the Infohrm Research & Information Center.
About Infohrm's Workforce Planning Partnership
Infohrm's membership program for workforce planning provides the technology, strategic consulting, and training to support your in-house workforce planning function. The program's value is realized through a combination of automated workforce planning forecasts, guidance on best practices in creating and implementing workforce plans, detailed action plans, advanced financial modeling, and training on Infohrm's workforce planning methodology. Learn more at Infohrm's Workforce Planning homepage.
About Infohrm
Infohrm 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 1000, non-profit, and government clients, Infohrm has paved the way for organizations to measure the impact of human capital initiatives and drive business results. The Infohrm solutions couple leading edge software with strategic consulting and HR professional development services that focus on the analysis of data to help organizations make informed decisions around human capital practices.
Learn more at www.infohrm.com
Contact Information:
Mick Collins
Vice President
202-589-2660
This press release was distributed through PR Web by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.
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