HCI Press Releases

Organizations That Practice Workforce Planning Better Prepared for Economic Recession, Reports HCI Research

Author: HCI  |  Source: HCI  |  Published: April 24, 2012

Brooklyn, NY, April 24, 2012–Human Capital Institute (HCI) will unveil the results of a proprietary study (“Creating a Better Plan: Connecting Business Strategy, Structure and Talent”) that examines the value of organizational and strategic workforce planning in the enterprise, on Wednesday, April 25, 2012, 12 p.m. EDT, during a live webcast with study co-sponsor HumanConcepts, a Saba Company.
 
Earlier this year, HCI distributed a 66-item survey to more than 10,000 HCI members worldwide. A key finding: Organizations with workforce plans, strategically aligned to business plans, classified themselves as “prepared for the recession” as a direct result of planning initiatives.
 
HCI and HumanConcepts identified two classes of organizational planners—Strategic Planners (SPs), who recognize the value of workforce planning and proper talent fit within their ranks; and Reluctant Planners (RPs), who do not clearly define roles, are unable to staff their roles efficiently, and are generally unhappy with their level of workflow, hierarchy and company agility. The research also explored the connection between talent planning, covered by workforce planning, and business structure, a practice called organizational planning.
 
“Strategic workforce planning is a key element to human capital management,” said HCI CEO Carl Rhodes. “While the study found that less than half of organizations have a workforce plan that is aligned to the business, it also revealed that those that do realize increased profitability and employee engagement, among many other top-line benefits.”
 
During the webcast, HumanConcepts and its client, pharmaceutical company Shionogi Inc., will discuss the necessity and value of workforce planning and implementation in today’s post-recession climate, as well as how strategic workforce planning provides talent executives the opportunity to connect, collaborate and learn from one another.
 
To register for the webcast, visit http://www.hci.org/lib/creating-better-plan-connecting-business-strategy-structure-and-talent.

About Human Capital Institute (HCI)

HCI is the global association for strategic talent management and new economy leadership, and a clearinghouse for best practices and new ideas. Our network of expert practitioners, Fortune 1000 and Global 2000 corporations, government agencies, global consultants and business schools contribute a stream of constantly evolving information, the best of which is organized, analyzed and shared with members through HCI communities, research, education and events. For more information, please visit www.hci.org.

About HumanConcepts

HumanConcepts, a Saba Company, enables enterprises to better manage organizational change of all types, including growth, rightsizing and reorganization. Used by many of the world's largest organizations, our solutions provide immediate return on investment by enabling companies to reorganize faster, manage financial targets, stay in compliance, and reduce both cost and risk. HumanConcepts is based in Sausalito, California, with offices in the United Kingdom and Germany. For more information, visit: www.humanconcepts.com.

Press Contacts:

Company Name: Human Capital Institute (HCI)
Press Contact: Max Foster
Phone: 857.294.4036
Email: press@hci.org
Website: http://www.hci.org

Company Name: HumanConcepts
Press Contact: Katy Colletto
Phone: 415-275-9178
Email: Katy.colletto@humanconcepts.com
Website: www.humanconcepts.com