WHAT IT'S ALL ABOUT...
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Workforce Planning is about continually aligning your workforce to the priorities of your organisation to ensure that you are in the best position to meet your wider goals. To do this effectively, it’s important that your organisation has the right people, with the right skills, employed in the right place at the right time.
The issue with this is that it can be very difficult to implement and very few companies do this successfully.
In this article, Mike Jeffery, Head of Financial Performance Management at MHR Analytics discusses workforce planning and the impact of choosing to adopt it into the wider business planning process.
How could workforce planning solutions save businesses time and optimise ROI?
Many businesses still rely on spreadsheets to carry out their workforce planning. This approach not only takes a considerable amount of time, but it also poses the risk of inaccurate data. In addition to this, spreadsheets are infamously difficult to aggregate, so identifying useful insights to draw meaningful conclusions is an additional challenge that business will face.
Workforce planning solutions automate the workforce planning process so that businesses can plan with confidence. These solutions contain pre-built drivers and calculations which can be configured to the unique requirements of an organisation in a matter of days — all without the need for repeat administration work or the risk of inaccurate data.
Furthermore, workforce planning solutions remove the need for data input-led roles and allow the costs associated with these positions to be better utilised in data analysis roles. This has obvious financial benefits for businesses in terms of ROI, but it also works to the advantage of employees by enabling them to focus on more highly-skilled work over routine tasks.
THE AUTHOR
MIKE JEFFERY
Mike is Head of Financial Performance Management at MHR Analytics. With a background in both accountancy and software, he has over 30 years’ experience in transforming clients’ reporting, planning and consolidation processes.
Over the course of his career, he has worked in both the private and public sector, using a variety of Financial Performance Management technologies. Most recently, Mike led IBM’s European Performance Management Technical Professional team.
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