Leading companies include talent forecasting in their human resource planning. With effective workforce planning and workforce management, you can create the right recruiting and workforce training strategies to have the talent in place for future success. Learn how you can benchmark your HR planning and workforce data against industry norms, analyze gaps in your current workforce capability, and use predictive modeling to identify the talent and skills you’ll need to accomplish business goals.
Big Data continues to create new ways of gathering and analyzing information. In the latest research by Harvard Business Review Analytics Services, a real-world lens of big data is provided for HR and Finance.
See the infographic below and read The Big Data Opportunity for HR and Finance research report to discover why big data matters to you and your organization.
So what is stopping your firm from a building a better succession plan currently? What tools are available to identify and assess the firm’s top talent? Best-in-class firms are future-proofing their organizations by building better succession plans for their talent and not just for their leadership pipeline. Firms need to start by identifying the strategic direction of the company in the near future along with an evaluation of the current key roles and strategic functions. Basically think along the lines of “if our Director of Operations left the company tomorrow, we’d be in big trouble….”
In a previous career, I spent 11 years as an automotive engineer. During those 11 years, I witnessed many mergers and acquisitions (M&A). Even more recently, this industry saw 303 mergers and acquisitions in 2011 and another 264 in 2012.Read more