SuccessFactors recently held an Executive Round Table event to discuss workforce analytics and workforce planning issues. The event presented attendees with examples of how to turn data into knowledge, improve decision making in context to the overall strategy, and also how to develop expertise in the leadership teams to drive employee performance to improve the business performance.
With the help of real world case studies, the senior executives in attendance from some of the biggest global organisations were able to assess the common challenges facing their workforce such as:
- How they can identify the leaders of the future and nurture their development?
- How can they retain the high performers?
- Making sure they have the right people in the right place
- How to use workforce planning to execute organisational change
Peter Howes, Vice President of SuccessFactors, explained, “With a protracted economic recovery, an ageing workforce and major changes in globalisation trends, organisations are facing some of their most important, yet most difficult decisions. Where in your talent mix do you have the greatest risk? What’s the impact of a merger or major reorganisation? Where are the gaps in our skillsets to support our service levels and growth targets? I’ve seen many executive management teams try to answer these complex questions based on very little meaningful data. This is madness in my opinion. You wouldn’t try to build a mine without first doing any seismic analysis of what’s actually in the ground. The same principle applies to companies. Workforce analytics gives you the insight into your talent pool, which you can specifically link to your business drivers around HR and workforce planning to make clear, informed decisions. It’s the difference between knowing and guessing.”
The business execution company is due to hold another Executive Round Table round table on Thursday 24th November 2011. To join the workforce planning debate, call 0845 074 2990 to secure your place.