Beyond Workforce Planning: Why the Current Model is Broken

38:43
 
Share
 

Manage episode 236737218 series 129042
By Scott Engler. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

CEOs, boards and investors are concerned by the time it takes companies to develop the skills they need to execute against strategic priorities. For example, new technology such as artificial intelligence is creating a huge opportunity for companies to reduce costs and increase product speed to market but this competitive advantage is lost if the workforce cannot exploit the new technology quickly. To address this challenge, CFOs need to play a different, and more active role in workforce planning. The process of sizing and allocating headcount to specific parts of the business can no longer be managed as an output of the financial planning process. Neither can workforce planning challenges be HR’s problem to solve alone. Today, the CFO’s role in workforce planning is to set the pace at which the company develops the new skills and capabilities that allow it to execute against the strategic plan and gain competitive advantage in a new digital business environment.

138 episodes