From the course: Human Resources: Strategic Workforce Planning

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Execution and evaluation of SWP systems

Execution and evaluation of SWP systems

From the course: Human Resources: Strategic Workforce Planning

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Execution and evaluation of SWP systems

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- In the world of investments, would any reputable financial advisor suggest that you predict one scenario 10 years in the future and then build an investment portfolio based on that scenario? Certainly not. Any reasonable advisor would realize that the future is far too uncertain to predict. Instead, the advisor would have multiple future scenarios in mind and continuously update them as new data emerged. The advisor would then fluidly add and remove investments as the future developed. That kind of approach also makes sense when it comes to executing strategic workforce plans. In this video, I'll show you how to use scenario planning. To think differently about strategic workforce planning, and I'll show you how to identify the kinds of questions you should ask when evaluating the usefulness of the SWP system that you have developed. Remember, the business environment isn't static. It's volatile, uncertain, complex, and ambiguous. That's why it's important continuously to look two…

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