What Do I Need to Incorporate Workforce Management into my Organization?
Posted: Wed Dec 04, 2024 6:28 am
As a CEO, you know that managing your company's workforce is similar to the strategies you create to motivate sales. In other words, both require planning, objectives, cost correlation, and analysis of the environment to find opportunities, threats, strengths, etc.
Workforce Management is geared towards exactly that, but instead of working to improve the company's condition in the eyes of the customer, it is about finding the balance between the available resources, both human and technical, for your workforce.
According to statistics shared by TINYpulse , the average employee departure costs 33% of their annual salary. But employees are 23% more likely to stay if their manager clearly explains their roles and responsibilities.
Now why do we mention this?
Because in order to apply Workforce Management in your organization, you have to start managing the factors that influence your employees' turnover rate. Some of them may be:
Staffing.
Required job demand.
Capabilities and skills of human talent.
Management of time, space and resources.
It's a real challenge to try to align as many to-dos as possible, but once you get the hang of it, you'll start to see results in no time.
Group-427320753
What is Workforce Management?
Workforce management is defined as the process of optimizing employee productivity by ensuring that resources are in the right place at the right time.
Workforce Management seeks to ensure that human talent has the necessary skills and abilities to be available and on par with the demands of the work assigned to them, with the aim of achieving the company's objectives at a low cost.
Processes that manage the workforce using this philosophy achieve great goals, for example:
Regularize the traditional process in extraordinary situations.
Have fair modifications in the composition of human talent in case of layoffs, dismissals, etc.
Plan strategies and actions for future situations by recognizing key positions or duties, estimating how long a position should be filled, and identifying suitable candidates for succession within the company.
[Tweet “ Workforce Management seeks to ensure that human talent with the necessary skills is available to meet the demands of the work assigned to it. ”]
laos telegram mobile phone number list
Elements and Functionality
Timely workforce planning goes beyond forecasting staff; it can actually provide you with agile solutions that enable better business management over time.
A strategically developed plan can inform good and bad decisions regarding workforce management, such as ease or difficulty of hiring, time to hire, employee productivity in each task, attrition rate, etc.
Now, what are the elements that add functionality to Workforce Management? We summarize it for you:
Reduction of labor costs.
Improving the quality of human talent results.
Identifying inefficiencies to address them in time.
Strategies adapted to the needs and demands of the workforce itself.
Adoption of initiatives for employee retention.
Identifying skills gaps and succession of high-value personnel.
Workforce Management is not intended to be an exact science, but on the path to preparing a team ready to grow the company, it is possible to mesh some functionalities that would otherwise be very, very difficult to achieve, for example:
Consider the implementation of Workforce Management as a regular process for your sales or marketing force; that is, by using it, you determine what your customers' needs are, you know your objectives, and the entire team works to achieve positive results for both.
Now, having posed the above situation in light of the company's objectives, but geared to the needs of your workforce, it would be done in the following way: "Who is Adriana?" "What position does she hold?" "What are her skills?" "What is her current situation in the company?"
And so, a series of questions will lead you to other questions, but by getting answers you will know what “Adriana” contributes to the company. In addition, you will be able to determine what actions to take to improve her situation in the organization, in case she is a valuable talent for it.
The philosophy of workforce management seeks to rely on the right people, with the right skills, in the right roles, at the right time and at the right cost.
[Tweet “Workforce Management aims to rely on th
Workforce Management is geared towards exactly that, but instead of working to improve the company's condition in the eyes of the customer, it is about finding the balance between the available resources, both human and technical, for your workforce.
According to statistics shared by TINYpulse , the average employee departure costs 33% of their annual salary. But employees are 23% more likely to stay if their manager clearly explains their roles and responsibilities.
Now why do we mention this?
Because in order to apply Workforce Management in your organization, you have to start managing the factors that influence your employees' turnover rate. Some of them may be:
Staffing.
Required job demand.
Capabilities and skills of human talent.
Management of time, space and resources.
It's a real challenge to try to align as many to-dos as possible, but once you get the hang of it, you'll start to see results in no time.
Group-427320753
What is Workforce Management?
Workforce management is defined as the process of optimizing employee productivity by ensuring that resources are in the right place at the right time.
Workforce Management seeks to ensure that human talent has the necessary skills and abilities to be available and on par with the demands of the work assigned to them, with the aim of achieving the company's objectives at a low cost.
Processes that manage the workforce using this philosophy achieve great goals, for example:
Regularize the traditional process in extraordinary situations.
Have fair modifications in the composition of human talent in case of layoffs, dismissals, etc.
Plan strategies and actions for future situations by recognizing key positions or duties, estimating how long a position should be filled, and identifying suitable candidates for succession within the company.
[Tweet “ Workforce Management seeks to ensure that human talent with the necessary skills is available to meet the demands of the work assigned to it. ”]
laos telegram mobile phone number list
Elements and Functionality
Timely workforce planning goes beyond forecasting staff; it can actually provide you with agile solutions that enable better business management over time.
A strategically developed plan can inform good and bad decisions regarding workforce management, such as ease or difficulty of hiring, time to hire, employee productivity in each task, attrition rate, etc.
Now, what are the elements that add functionality to Workforce Management? We summarize it for you:
Reduction of labor costs.
Improving the quality of human talent results.
Identifying inefficiencies to address them in time.
Strategies adapted to the needs and demands of the workforce itself.
Adoption of initiatives for employee retention.
Identifying skills gaps and succession of high-value personnel.
Workforce Management is not intended to be an exact science, but on the path to preparing a team ready to grow the company, it is possible to mesh some functionalities that would otherwise be very, very difficult to achieve, for example:
Consider the implementation of Workforce Management as a regular process for your sales or marketing force; that is, by using it, you determine what your customers' needs are, you know your objectives, and the entire team works to achieve positive results for both.
Now, having posed the above situation in light of the company's objectives, but geared to the needs of your workforce, it would be done in the following way: "Who is Adriana?" "What position does she hold?" "What are her skills?" "What is her current situation in the company?"
And so, a series of questions will lead you to other questions, but by getting answers you will know what “Adriana” contributes to the company. In addition, you will be able to determine what actions to take to improve her situation in the organization, in case she is a valuable talent for it.
The philosophy of workforce management seeks to rely on the right people, with the right skills, in the right roles, at the right time and at the right cost.
[Tweet “Workforce Management aims to rely on th