Strategic Workforce Planning
Forecasting Human Capital Needs to Execute Business Strategy
Mary B. Young, D.B.A.
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Once limited to calculating the gap between talent supply and demand, workforce planning is now a far more sophisticated process, akin to risk management or supply chain management. It enables an organization to adjust and respond quickly to immediate and future changes to its business requirements.
In response to this emerging business need, The Conference Board convened the yearlong Strategic Workforce Planning Research Working Group in March 2005. This report is the culmination of presentations by thought leaders and best practice organizations, a literature review, and company interviews of 20 companies, from which nine were chosen for detailed case studies. Using these sources, the report seeks to answer:
- What is Strategic Workforce Planning?
- What have organizations learned from their experience about its implementation?
- How should Strategic Workforce Planning be adapted to fit specific organizational contexts?
- What impact has Strategic Workforce Planning had? What challenges limit its impact?
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