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While there’s no crystal ball for HR Leaders (trust us: if there was, we’d know about it) solid workforce strategy is about as close as it gets. Through workforce planning strategy, organizations can scale effectively and efficiently, preventing gaps in labor and limiting losses. Small or large, growing or established, businesses with a workforce strategy in place are better equipped for whatever tomorrow may bring. And in these uncharted, uncertain, and –– for some –– exciting waters, innovative workforce planning strategies can be the difference between just surviving and thriving.
The ever-evolving talent landscape has been especially dynamic in recent years. Across industries, businesses are feeling the impact of demographic trends like aging workforces and baby boomer retirements –– while trends in technology have revolutionized the work that people do and how they do it.
As the effects of COVID-19 continue to send shockwaves through the labor ecosystem, organizations and HR Leaders can, and should, adopt a systematic approach to workforce planning and strategy. Those rightsizing, allocating budgets, and working toward a better understanding of how to fill talent, role, and skill gaps will emerge stronger, poised for success in “the new normal.”
Leverage these insights from Troop members to revolutionize your workforce strategy.