Strategic Workforce Planning News
EDITION 8 - April 2005
HR Impacts of Workforce Planning
Tess Walton

Tess Walton - Many CEO's quote "Our people are our most important asset".  The Human Resources function has a pivotal role in managing this most important organisational asset. Human Resources is a specialist function; people who know about people, who know what programs work and what programs don't to motivate their organisation’s people behaviour and ensure that the return on effort and time is maximised.

Human Resources, like Finance and Marketing, is a support function; organisational enablers with 'grey' ownership as they rely on the business executive and managers to execute policies and programs.  However there is far greater status (and power) given to the Chief Financial Officer or Marketing Director than to the head of Human Resources.  Despite compelling argument that people management is a key strategic issue, Human Resources struggle to be recognized as value creators – the key role they seek.  Workforce Planning is an activity that helps the Human Resources function tacitly present their value to their business.

Market forces like workforce ageing are forcing organisations to attend to the resources they have taken for granted. Workforce Planning brings a perspective that is often missing in business strategic actions: knowledge about the human capital factors that are critical in determining whether a strategy can be implemented.

So who owns Workforce Planning and getting the balance between employer needs and employee needs right?  Human Resources or the business?  The answer has to be both, but in many instances the business manager is reading about the issues but remaining uncertain about how they will affect them.

A key component of Workforce Planning is creating the burning platform to actively do something to reduce the impacts of the forces affecting a firm's workforce.  Organisations aren’t in the market for solutions to problems they don’t see, don’t acknowledge and understand, but Human Resources are able to present key information about the current workforce and trends to engage the business and prompt action to undertake Workforce Planning.

The window is small – a Human Resources Department that does not act now may well find itself taking action too late.  Human Resources need to show their business executive that they have the tools and capability to attracting and grow talent to:

  • Compete successfully in the "war for talent"
  • Save the loss of skills and the costs of turnover
  • Create maximum value for and from the people working

Enterprise Workforce Planning achieves this and presents a strategic value add proposition to the business.  If you are uncertain where to start them visit our web site or call us.  Time is running out!

 
Transitions in Australian Labour Markets

The Committee for Economic Development Australia (CEDA) has just published a collection of refereed research work undertaken by the 'From Risk to Opportunity: Labour Markets in Transition' project based in the Centre for Public Policy, in conjunction with our research partners at the Brotherhood of St Laurence, Deakin University and the National Institute for Economic and Industry Research.

This report includes the following papers:

  • A New Social Settlement: Reshaping Australian social policy in the changing areas of work, family and welfare
  • Transitions between employment, caring and education in Australia: First look at HILDA data
  • Australian labour market transitions: Empirical evidence
  • Retirement incomes: National superannuation, social insurance or something else?
  • Time management and life transitions
  • Henderson revisited: The case for in-work benefits

Download the report

 
 
Spotlight Trend

Unemployment continues to fall. In the 12 months to March 2005, unemployment fell 5.4%, while the number of employed people grew 3.4% (ABS)

 
Thought for the Month
"Perception is strong and sight weak. In strategy it is important to see distant things as if they were close and to take a distanced view of close things."  

Miyamoto Musashi

 
Upcoming Events

Workforce Planning Training - Melbourne June 7, Brisbane June 14 Get the skills you need to build your strategic workforce plans

Aruspex workshop at IQPC - Tess Walton leads a high impact workshop at IQPC's Workforce Planning session, Melbourne July 2005
Strategic Workforce Planning Network Events, May/June 2005 - watch this space!
 
In The Press

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Downloads

Wishful Thinking - our workforce planning white paper

Hudson Whitepaper on Workforce Ageing - A good summary of the impacts of one facet of workforce change

In our next issue...

Tackling the Skills Shortage - Australia's skills shortage is in the news every week. In the next issue we'll show you how strategic workforce planning equips you to quantify and tackle this major workforce challenge

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