3 Reasons to Deploy Workforce Planning for Workday in 2020
In today’s world, skills are a form of currency. This is due in part to the gig economy but also to the fact that today’s overall workforce is more educated than at any other time and has more options.
Within this environment, organizations need to be strategic about their hiring process, because hiring the right people for the right roles at the right times is part of what gives organizations a competitive advantage.
But being strategic about your hiring process requires that key stakeholders across the organization are properly empowered to not only anticipate present hiring needs, but also those to come as their company’s strategy for success evolves.
For organizations using Workday, Workforce Planning is the tool that provides teams with what they need to act more strategically. Below are the three biggest reasons your organization should look at deploying Workforce Planning in 2020.
1. Workforce Planning Gives Stakeholders Full Visibility Into Critical Data
To hire the right people, you need to have a full picture of where your gaps are. You also need access to company-specific trends and insights, and finally, you need to have a picture of how much you expect to spend on headcount for the year.
But it’s not enough for this information to only be available to one department. All stakeholders—from HR and finance to the relevant hiring managers—need to have a centralized location for accessing this critical data. And that’s what Workforce Planning provides.
2. Greater Visibility Encourages Collaboration
Because Workforce Planning gives all relevant stakeholders access to the same information, it’s possible for the hiring process to become more collaborative. And that’s how it should be, right? Unless an organization is very small, hiring new employees isn’t going to fall on the shoulders of just one person. It’s a process that will pull in members of HR, finance and specific hiring managers.
Without a tool like Workforce Planning it’s all too common for these teams to become too siloed. Workforce Planning encourages teams to move beyond those siloes to meet their company’s strategic objectives.
3. Visibility and Collaboration Make Businesses More Agile
Together, visibility and collaboration are the ingredients that enable organizations to become more agile, especially when it comes to the hiring process.
Remember that skills are a form of currency. To build the best team, you need to be ready to strike while the iron’s hot. Anything that slows the hiring process down is going to make it harder to build that competitive workforce you’re looking for. But with the ability to collaborate around a set of shared data, you have the freedom to move when the time is right.
Plan, Execute and Analyze With Workforce Planning
Does your organization want to do more to improve its hiring strategy in 2020 and beyond? If so, you should be looking at how Workforce Planning can bring teams together to hire more effectively.
To learn more about this powerful solution and its capabilities, watch this webinar with Workday and OSV.