A successful business operation doesn’t just happen without strategic planning, and it certainly can’t move forward without a firm vision. Having a successful work force plan is vital for meeting and exceeding your goals and expectations as a company. Work force planning allows companies to make sure the right people are working in the right departments at the right time, which requires a lot of insight and forethought. Here are 3 steps for successful work force planning:
- Understand your business strategy: What is your company’s current focus? Where do you want your company to go? It’s important to have a clear understanding of what, exactly, you want to accomplish as a company. This step is not as simple as it sounds. You will need to take into consideration how much time and money it will cost to create infrastructure to reach your goals. Consider your general timeline for your goal and work toward developing a business strategy that can meet that timeline. You may want to make this step interdisciplinary by involving heads of several departments, such as HR and Finance in addition to any other departments specific to your company so that you can have an accurate assessment of the company as a whole.
- Know the labor market: You know you need good employees to carry out your plan, but how much time and money will it take to get them to your company? You may need to do additional research and tests to determine how long you can expect it to take to hire all the employees you need for your plan. You also need to think about what specific types of talent will you need to meet your long term plan and start developing ways to recruit the top talent in these specific fields.
- Assess your current situation: Once you have a better understanding of what types of talent you will need to meet your future plan, you can start looking at your current employees. Who can be trained to transition into a new position? What type of training, including education, can some of your employees begin now so that they can be ready when they need to be? Identify any gaps in talent and close them. This can include developing an exit plan for any employees who won’t fit in with your plan for one reason or another.
Once you have worked through these steps, you can begin implementing your workforce planning. This is a lengthy process with a lot of moving parts, but when it is done correctly your company and industry will benefit from all the time and work you put into your planning.