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Practices
Strategic Workforce Planning
Business Challenges That SWP Can Help Address
How We Work With Our Clients
Articles, White Papers and Case Studies
Other Human Capital Planning Resources
On a daily basis, executives are required to make critical decisions about whether they have the right type and number of people to run their business.
Unfortunately, complete and accurate insights and information to make these decisions is often not available, making it difficult to manage an organization’s talent portfolio in a manner that ensures the right people are in the right place at the right time.
The result is unintentionally costly decisions that impact profitability, growth and customer satisfaction due to overstaffing, understaffing, or having an inappropriate mix of the skills needed to implement their strategies.
Sibson’s Strategic Workforce Planning (SWP) solution provides a highly effective and business-based approach to strategic workforce planning that provides business leaders with the insights and information they need to ensure they have the right number, type and quality of talent needed to execute their business strategy. It does this by:
- Determining the type of talent required to execute business strategy, by translating strategy into operational requirements and identifying and prioritizing the talent segments and roles that will be key to achieving these requirements.
- Determining the net number of people required over the term of the strategic/operational plan, by assessing the capabilities and capacity of the current talent pool, identifying capabilities and capacity that will be required in the future, and examining potential changes in the pool that might impact the number of people needed in each talent segment.
- Identifying and prioritizing talent gaps and determining the best approach for closing the gaps, by looking at the relative size, strategic value and urgency of each gap, and examining the cost of hiring vs. developing talent.
- Identifying the actions and investments required to ensure talent gaps are closed before they impact strategy, by aligning HR strategy and talent management processes to fully support future talent needs of the business.
Business Challenges That Strategic Workforce Planning Can Help Address
Sibson has successfully implemented SWP in organizations to proactively address challenges such as:
- A new business venture
SWP can help your new business venture develop a plan for the type of roles and skill sets your business needs to research, develop, manufacture and commercialize products or services.
- Mergers and acquisitions
Often, organizations fail to address the talent implications of mergers and acquisitions, which can result in an inappropriate skill mix or excess capacity of talent. Sibson’s SWP process can help organizations more effectively plan for the type and number of employees needed before and after mergers and acquisitions to ensure the most effective deployment of talent.
- Penetration of new markets, including global markets
Even with the greatest product, market research or supply chain, organizations will undoubtedly fail on entering new markets if they don’t understand the talent equation, i.e., the type and number of people required to execute the market penetration strategy. Sibson’s SWP process can ensure you have a well-thought-out talent plan that is based on reliable data so that talent constraints don't hinder your ability to compete in a new market.
- Increased focus on profitability
Whether your business is growing, mature, or declining, Sibson’s SWP process can help you focus your investment in critical roles where there is the greatest return on your talent assets.
- Shifts in technology and competitive landscapes
Hi-tech companies that did not stay ahead of the talent curve in the late 90’s found themselves in a war for talent that cost them millions in sourcing costs and lost opportunity. Sibson’s SWP process can help ensure that your organization doesn’t end up behind the talent curve by providing a platform by which your strategy, research, and innovation group can better plan for the talent requirements that result from technology shifts and changes in the competitive landscape.
- Changing business models
New business models often make specific roles and skill sets more or less critical in terms of delivering products and services to your customers. Sibson’s SWP process can provide a systematic and robust process to help your organization identify what roles are most critical in the new business model and what the appropriate actions and investments may be to close talent gaps in those roles.
- Anticipated changes in workforce demographics and skill gaps
As the percentage of retirement-eligible workers increases, organizations will be increasingly vulnerable to sizable talent gaps in critical roles. Sibson’s SWP process can ensure that your organization has reliable and valid insights on what the potential risk may be due to workforce demographic shifts and retirement.
How We Work With Our Clients
Sibson’s team of SWP experts works closely with our clients to implement Strategic Workforce Planning in a manner that meets your business requirements and addresses the unique aspects of your culture and operating model.
Sibson’s SWP solution includes the following components:
Strategic Workforce Planning Process
The Strategic Workforce Planning Process serves as a “roadmap” for the activities and decisions required to address human capital issues. It includes tailored process steps that enable users to clearly understand the purpose of each step, as well as timing, inputs and outputs, and a customized set of templates based on the specific needs you have for decision aids. |
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Strategic Workforce Planning
Analytic Tools
Sibson has both an Excel-based and Web-based Strategic Workforce Planning Tool that enables users to capture, segment, model, and forecast future talent requirements. The Strategic Workforce Planning Tool is used in conjunction with the SWP Process and improves the quality of decision making through rigorous analytics and scenario planning.
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Strategic Workforce Planning Training and Implementation Support
Sibson will train your organization on how to implement SWP in your organization and, depending on the needs of your organization, partner with you in the first application of the SWP process within your organization. |
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For more information on our approach to SWP, please click here. |
Articles, White Papers and Case Studies
Other Strategic Workforce Planning Resources
Strategic Workforce Planning Report Card
Sibson’s Strategic Workforce Planning Report Card will allow you to better understand how effective your human capital planning process is in informing business leaders on the number and type of talent you need.
Your report card results will be computed immediately after you complete the brief 5-minute assessment and can be printed out for your own use. Results of the Strategic Workforce Planning Report Card will focus on the insights, analytics and information you use to make decisions about the talent needs of your organization. These results will help you pinpoint where you need to focus your attention on improving your ability to accurately identify future talent needs of your business.
Comprehensive Evaluation
 Sibson offers a comprehensive evaluation to business leaders who would like to further understand how Strategic Workforce Planning can bring real value to their business by providing fact-based insights.
This evaluation provides an in-depth and real-time assessment of your organization’s strategic workforce planning processes and will help you determine if you have the capabilities to execute on your strategic objectives.
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