Scenario planning is a powerful tool when conducting strategic workforce planning. Learn from real-world examples how to create a flexible, relevant plan that serves all stakeholders.
Over the last 20 years, while a large portion of the worldwide workforce has been shrinking, industry has been undergoing a technological transformation. This evolution has created additional complexities for our business leaders to contemplate, often looking to their HR partners for answers and solutions.
Today’s businesses are also overcoming another massive obstacle: a global pandemic.
As a result, many employers—no longer able to rely on a surplus of qualified candidates—are thinking more strategically about recruitment, professional development and employee engagement post-pandemic. This has created new opportunities for HR practitioners to play a more strategic role in influencing business outcomes for people-planning activities.
To this end, many CHROs find themselves assuming a compelling new role in their business: Chief of Scenario Planning. Mastering this role requires HR executives to lead, break down barriers and address workforce challenges while enabling flexibility. It is an important responsibility that requires having the foresight to plan for multiple scenarios that can span two years or more.
At Weir ESCO, a global manufacturer, we have developed a strategic workforce planning approach to guide business leaders through various scenarios, blending real-time data to provide clarity about gaps and issues. To guide skilled HR executives with both clarity and purpose, the framework describes short-term and longer-term approaches that may be applied in multinational, large- or small-scale organizations.
Disruption Will Continue to Drive Workforce Strategy
Press the Reset Button on Strategic Workforce Planning
From Theory to Practice
Scenario 1: An Emerging New Business Model with Initial Focus on Survival
Scenario 2: Fundamental Status Quo with Near-Term Tweaks to Ensure Sustainability
Scenario 3: Long-Term Business as Usual with COVID-19 Near-Term Adjustments
Tackling Complexity Is an Ongoing Journey
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