In this video, Wayne Cascio explains what strategic workforce planning (SWP) is and the specific, interrelated, activities that together comprise an SWP system. The overall goal is to make the wisest, most effective use of scarce or abundant talent in the interest of the individual and the organization.
- No matter what kind of organization you work for,…be it a hospital, a retail establishment,…an insurance company, a bank,…or a manufacturer, the wise use of talent…is a perpetual problem.…Some common questions that companies need to answer are…what talents, abilities, and skills are available…within our organization today?…Is there a talent pool that we can dependably…draw upon for the future?…As we grow, how will the number and the…mix of skills change in our organization?…How might the supply and demand for talent…in the outside labor market affect our…ability to grow?…It's critical for companies to answer these questions,…because they affect the ability of firms…to execute their business plans…and to compete in the marketplace.…
In this video, I want to walk you through a process…that addresses these issues in a formal way.…It's known as strategic workforce planning.…Defined broadly, SWP is an effort to anticipate…future business and environmental demands…on an organization.…And to meet the talent requirements dictated…
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?