What is workforce planning?
Workforce planning is how organizations collaborate to plan the deployment, development, retention and hiring of their workforce so they can meet operational and strategic goals. Driven by HR analytics for insights into hiring, retention, team performance, engagement and other key workforce trends, the effectiveness of an organization’s workforce planning efforts to improve key HR metrics while aligning talent supply to demand is key to success in the marketplace.
Why use Workforce planning software?
For most companies, having the right tools for successful workforce planning is still a work in progress. Chances are, you’re stuck with complex and clunky legacy software. Or you’ve settled for an error-prone spreadsheet process that is driven by multiple emails or slack messages and leaves you hopelessly unable to keep pace with your rapidly changing business. But now there’s a better way.
How does Workday Adaptive Planning support enterprise workforce planning?
Bringing your planning, execution, and analysis needs into a single, seamless cycle drives our vision for workforce planning. Workday Adaptive Planning, HR Analytics and HCM enable you to align your workforce to your business. Identify your organization’s talent needs, talent gaps and scenario plan how best to fill them. Then, publish your approved hiring plans for automated rendering in HCM by your recruiting teams to kick off the hiring process–no more errors, unaccounted for requisitions or having to chase down associated budgets.
What tools does Workday Adaptive Planning include for workforce planning?
Leverage our patented Elastic Hypercube Technology to take advantage of powerful multidimensional modeling, collaborative scenario planning, and workflows to help your organization accelerate workforce plans and decisions for any business environment. Workday Adaptive Planning can address a wide variety of use cases to handle the needs of any workforce size and organizational complexity. Top use cases include headcount and cost planning, workforce capacity planning, strategic planning, and talent planning.
What are the key principles of workforce planning?
Powerful modeling and scenario planning.Create a view of your workforce with a multidimensional modeling engine and compare against other scenarios.
Company-wide collaboration. Collaborate among key stakeholders with shared views and planning process workflows.
Continuous planning. Gain business agility by accelerating the plan-execute-analyze cycle.
From insights to better, faster workforce plans and decisions, Workday Adaptive Planning delivers.