From the course: Human Resources: Strategic Workforce Planning

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Build a talent inventory

Build a talent inventory

From the course: Human Resources: Strategic Workforce Planning

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Build a talent inventory

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- 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…

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