A new report by the Aberdeen Group found that organizations are placing greater emphasis on future workforce planning initiatives, in order to improve their ability to recruit and to retain the talent they anticipate will be needed in the short-term and long-term future. Workforce planning programs are especially important in light of the pains that organizations already report with finding talent in the workforce today, and with the impact of turnover of current staff. But preparing today’s workforce to meet tomorrow’s needs requires that an organization have a clear picture of the skills and capabilities in the organization currently, what gaps exist at present in terms of needed skills, and how that picture will be impacted by changes that lay ahead to the business.
Best-in-Class organizations are being aggressive at identifying emerging job roles and missions, at implementing career acceleration and leadership development programs, and at partnering with local schools and institutions to help develop future workers with needed skills.
As a result of these efforts, Best-in-Class organizations have:
• Increased employee retention on average by 31%
• Improved workforce capacity utilization on average by 31%
• Increase employee performance on average by 27%
• Increased skills availability on average by 23%
The study also found that Best-in-Class organizations with respect to workforce planning programs are more likely to:
• Clearly understand the purpose of workforce planning
• Have established buy-in from senior corporative executives
• Understand the core competencies of key job roles
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