The most critical component in successful strategic workforce planning is to have an accurate forecast of your future workforce requirements that is tied to your organization’s strategic objectives. If this forecast is not accurate, and if it does not support your strategy, then any attempt to use it as a target for your strategic workforce plans is a futile exercise.
There’s the traditional approach and then there’s the right approach to workforce demand forecasting.
The bottom line in workforce demand forecasting is that there is no single, failsafe approach. The right approach is to find the right method for each company, and even for each type of business within each company.
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OptForce utilizes simulation modeling, advanced statistics and optimization to create actionable people analytics that improve organizational performance, reduce talent risk, and enrich the work experience.