Dealing with Uncertainty: Scenario Planning for HR and SWP
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25 September, 2013 | ()
When it comes to long-range planning, many HR professionals freeze in their tracks. How can you plan beyond the next 6 months to a year, when the future is full of uncertainties and unknowns? While no one can predict exactly how your business will change over the next three to five years, it’s important to prepare.
Scenario planning helps HR and business leaders identify:
- The range of possible futures and their implications
- What the company would need to do to be successful under each scenario
- What are the strategic options for getting there and the comparative costs and benefits?
Mary B. Young, D.B.A.
Mary B. Young is principal researcher in human capital at The Conference Board.
Young leads The Conference Board program of research on strategic workforce planning (SWP). Trained in organizational behavior and organizational development, ... Full Bio