Strategic Workforce Planning: A Critical Pathway for Partnership Between HR and Finance
As businesses navigate an ever-changing social-economic landscape, human resources (HR) departments are tasked with more strategic responsibilities. Strategic workforce planning (SWP) has emerged as a critical function within HR that can help organizations align their workforce with their overall business strategy. An effective SWP process can provide valuable insights and analysis about human capital to drive better decision-making and improve business outcomes, as well as critical information for financial and business planning.
Play our on-demand webcast to learn:
- Explore how SWP can improve the linkage and integration of planning between HR and finance.
- Learn how HR could adopt practices and lessons learned from their finance partners as they build out the SWP process within HR as in the case of the financial planning and analysis group within finance.
- Discuss the key steps to creating an effective SWP process – from engaging HR business partners, finance and business leaders, to gathering inputs, analyzing workforce data and assessing talent gaps.
- Evaluate the benefits of SWP, critical considerations for implementation and best practices for successful adoption.