Build HR's ability to interpret and use talent data in planning
Gartner research shows that only 12% of organizations use talent data effectively to inform business decisions, but data can drive your decision to build, buy, retain, outsource, automate or look for gig workers, depending on the type of talent gap you face, the business environment and your overall workforce strategy.
Solution to effectively meet workforce demand involves the development of strategies to close the talent gaps identified. Approaches for meeting future workforce demands may include recruiting, skilling, upskilling, using contingent staff, freelancers or outsourcing. The approaches selected will be dependent on whether the organization will need to expand, contract, restructure or rely on contingent staff to meet new workplace demands.
Time to restructure workforce size and build right strategies to meet future skill and time demand
With the fast-paced environment of today’s workplaces, employers must have a firm grasp on not only the employees they need right now but what talent they’ll need in the future to achieve their ultimate goal. That’s where talent planning comes into play. Instead of only focusing on hiring the right people for current job openings, talent planning helps organizations predict what skills they’ll need in the future to help their company keep momentum and outmanoeuver their competitors.