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Your "No Change Future State"
 
 
Forecasting allows you to extrapolate your historical trend data into the future, to give you a view of how your future workforce might look. While there is a diminishing return on extrapolation (i.e. the further out you are forecasting, the less accurate it will be), this is still important information.

By forecasting, you are building a representation of what the future will look like if current practices continue.  The importance of this is twofold:  first, it may well create the “burning platform” required to place Strategic Workforce Planning on the strategic agenda; and second, it provides the benchmark or control group for measuring and comparing the impact of any actions you take to achieve your future workforce goals.

Forecasting helps to identify potential problems or vulnerabilities, such as the erosion of a skill base through an aging workforce, lack of retention of new recruits or mid-career turnover rates. Understandably, executives are not in the market for solutions to problems they don’t see, acknowledge or understand. Forecasting specific potential problems prompts management to fully grasp the consequences of a “no-change future state” so they can go into the next phase, qualitative scenario planning, with a fuller understanding of what’s needed.
We can produce these for you, from your own data, with our new No Change Future State™ (NCFS) reports. Created with an organization’s data and trends, NCFS uses our leading CAPTure software to generate profiles by applying internal workforce trends, identifying key issues and checking against labor force projections for demographic red flags. Personalized reports show the eventual result of current turnover trends, and provide different scenarios that examine the impact of likely baby boomer retirements.  This can be a quick, low cost way of giving your Strategic Workforce Planning initiative a boost - read more details about about how we would work with you to produce these  reports and lend our expertise to your organsiation, or contact us to find out more.

 
 
 HR Technology Conference Report
 

Last week Aruspex exhibited at HR Technology 2007 (the picture on the left iss Tess and Stacy being silly at the booth) and it was great to see so much interest in workforce planning.  But it is clear to us that there is still a lot of confusion about "what IS workforce planning"?

The key challenge is the huge difference between strategic and operational planning.  There are fundamentally two approaches to long term workforce planning - one that attempts to use analytics and forecasting to predict future hiring needs; and one that attempts to engage the business to use judgement to design the right future workforce, and puts in place action plans to achieve that workforce; including progress checks to change the plan should it go off track.  Ours is very much the second of these, but many organizations need both.  If you're also finding it confusing, we recently published a clear explanation of the difference between strategic and operational workforce planning, or feel free to contact us if you'd like more information.  And hopefully we'll see you at the next event we are at.

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Thought for the Month
"The most successful people are those who are good at plan B"
James Yorke
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Upcoming Events
Human Capital Institute:  Are We Facing Corporate Amnesia? The Impending Exodus of the Baby Boom Generation Fri, Nov 9 / 12:00 PM - 1:30 PM ET
 
In The Press

Understanding your market is the key to a good workforce plan. Understanding your market will help identify many different factors that can have an impact on your workforce. Employment market analysis is needed for good workforce planning

People are now the number one concern for private companies, ranking before growth and profitability, according to recent research report - HR Mag
How to solve the aging crisis - Conde Nast Portfolio
 
 
 
 
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