Bring Technology into your workforce planning with SAP SuccessFactors
With the dawn of globalization, increasing generation gap, rise in contingent workforce and growing demand for niche skills, the need to attract and retain talent is one of the top concerns plaguing business leaders today. In the war for top talent, companies need to build their workforce planning capabilities to stay relevant and competitive. Strategic workforce planning entails that human capital and talent management strategies run parallel to the business goals of the organization. Talent management activities for an organization should focus on having the right people in the right places at the right time and at the right price to execute its business strategy.
A recent survey by Harvard Business Review Analytic Services found that 73% of the leaders experience critical talent gaps due to inefficient workforce planning resulting in missed business opportunities. Deloitte’s 2015 “Global Human Capital Trends” report states that only 5% of HR professionals believe that their workforce planning process is excellent, while 33% say it’s adequate and nearly 60% call it weak.
Traditional workforce planning procedures of managing headcount to budget with the help of extensive spreadsheets will not suffice in this age and time. Data – driven and fact based insights based on various scenarios enables an organization to adjust and respond quickly to immediate and future changes to its business requirements. Businesses are relying more and more on big data and predictive analytics to confront new challenges in addressing the ever widening talent gap.
Assembling and communicating insights into workforce data has been an ongoing challenge for HR and IT organizations .But recent innovations in technology and digitalization has given rise to advanced customizable, flexible and scalable HR tools like SAP SuccessFactors that give organizations critical insights on their talent management with a simple tap and swipe. SAP SuccessFactors is a cloud-based, easy to use, affordable Human Capital Management (HCM) solution that integrates all facets of HR like onboarding, talent & performance management, analytics, social collaboration, payroll, compensation, workforce planning, recruitment and succession planning all in one platform.
Workforce planning and analytics tool in SAP SuccessFactors equips businesses with integrated, strategic insights that can speed up decisions, reduce risk and empower the management team. The tool consolidates data from multiple disparate third party systems and provides relevant information at a glance thanks to highly customizable dashboards and reports.
With SAP SuccessFactors Workforce planning managers can analyze workforce size and skills taking into account multiple factors like employee turnover, retirement, growth rate and identify the number of people and roles that would be in excess or shortage over a period of time. SAP SuccesFactors Workforce analytics gives easy visibility into workforce trends, risks and opportunities based on trusted data can be easily accessible by the management team in turn helping businesses visualize future demand and supply across an increasingly liquid workforce.
It’s time to automate your workforce activities by exploiting technology to the fullest with SAP Successfactors. To know more on how Kaar can help you, visit us at http://go.kaartech.com/Improving-Business-Results-through-People-with-SAP-SuccessFactors