Organizations that invest in talent workforce planning and/or succession planning place themselves in a better position to achieve their business goals and objectives. Planning is an integral part of recruiting, developing and retaining employees and leaders. While these processes can exist without an effective planning component, their capability is considerably limited. Recent research has shown that best-in-class organizations use long-term strategic workforce planning to maximize their recruitment and retention strategies.
Best practices include:
Talent planning needs to be linked to the larger strategic business plans so that HR can provide the right workforce to ensure future business objectives.