Strategic workforce planning as a business capability requires enterprise vision. It continuously integrates planning across domains (process, workforce and supply chain), planning layers (physical, data and behavior) and time horizons (operational, tactical and strategic).
Change is constant and fast. It is difficult to predict all the variables —particularly with the workforce. Executives consider availability, sourcing and cost of labor along with changing level of demand as the top ways change is impacting their business.
Strategic workforce planning offers a pragmatic approach to managing change inherent in the future. It is not about predicting one perfect future that isn’t even able to exist in such a dynamic business environment. Prescriptive analytics capabilities empower organizations to dive deep into the impacts of possible future scenarios.