OCTOBER 2019HR TECH OUTLOOK19PUT YOUR MONEY WHERE YOUR NEED ISWhy quantitative strategic workforce planning focuses on effort, time, and money for the best value return on talent investment?All HR organizations spend time and resources on acquiring and developing talent to deliver business success. The question is, do we really know how much time and effort is required for each activity and to drive the business strategy? We suspect most good HR leaders have a focus on leadership development, succession planning, recruitment, skill and competence development, and employee engagement activities. However, what we have found is that it is sometimes challenging to allocate time and resources to these efforts in a way that reflects quantifiable future business needs. Being able to quantify a business need requires two clear inputs. Firstly, you need clear data on your current workforce, including age, skill set, and workforce turnover. In addition, a view from Astrid Manquin, Global Human Resources Director, Essity, France; Caroline Brent, Director, HumdexByCXOInsightsAstrid Manquin
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