Whether you are managing operations or people, it’s important to know what you have on hand, as well as what will be needed in the future. In this video, Wayne Cascio shows you how to build a talent inventory, a fundamental ingredient of any SWP system. Learn key questions to ask as well as the kinds of employee information to include. Once complete, you can use a talent inventory for a variety of purposes that are integral to any SWP system.
- Suppose you run a restaurant.…One of the basic requirements is that your chefs…have all the ingredients they need to…prepare various dishes on the menu.…To make sure that happens…restaurants keep a running inventory of the…food and supplies they have on hand.…When the inventory dips below an acceptable level…it's time to reorder.…Most organizations don't replenish talent…as often as they do supplies.…But the same principles apply.…You need to know what you have on hand,…as well as what you'll need in the future.…
In this video,…I'll show you how to build a talent inventory.…It's a fundamental ingredient of any…strategic workforce planning system.…A talent inventory is a database of the skills,…training, career interests, and experience…of the current workforce.…There are some important questions to ponder…before you collect any information,…and I've put a full list in the…exercise files for you.…But they include who should be included…in the inventory?…What specific information should we include…for each individual?…
Wayne reviews what SWP is and how it delivers value to companies large and small. He steps through how to build a talent inventory, forecast the internal and external supply of labor, and approach succession planning. Plus, he explains how to tackle global talent management effectively.
- What is strategic workforce planning (SWP)?
- How does SWP deliver value?
- Building a talent inventory
- Forecasting the internal and external workforce supply
- Succession planning
- Evaluating the usefulness of SWP systems
- Who owns talent development?