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Workforce and Succession Planning
Workforce and succession planning is a key strategy to address the predicted human capital shortage that is facing both private and public sector employers in the near future.
Workforce planning is a systematic process that involves forecasting the demand for labor, performing supply analysis, and balancing supply and demand considerations. In other words, what kind of talent do you need now and in the future, what have you got, and how are you going to close the gap?
SPG can help organizations achieve a sustained competitive advantage through people through the following workforce and succession planning steps.
| Setting the Strategic Direction |
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mission, vision and values |
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trends that affect workforce supply and demand |
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developing organizational performance metrics |
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creating strategic competency models |
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| Forecasting Supply and Demand |
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qualitative and quantitative methods for predicting future needs |
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analyzing internal workforce supply |
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workforce competency assessment |
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analyzing the gap between workforce needs and current available competencies |
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| Addressing the Gap |
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maximizing recruiting effectiveness |
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retention strategies |
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competency training and development |
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job design strategies |
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organizational restructuring |
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downsizing, offshoring and outsourcing |
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| Measuring Effectiveness of Workforce Planning |
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human capital metrics |
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benchmarking |
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balanced scorecard results |
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ensuring strategic flexibility for the future |
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