IT Brief Australia logo
Technology news for Australia's largest enterprises
Story image

How workforce supply data can effectively drive workforce planning strategies

Wed 1 Feb 2017
FYI, this story is more than a year old

Despite the boundless opportunities data presents to business and HR leaders, the biggest challenge and concern that stops them from leveraging the data to determine business strategies is its accuracy.

In a perfect world, the data residing in each of a business’ information systems would be completely accurate, updated, and easily accessible for the C-Suite. However, in reality, if businesses were to wait for this utopia to arrive, they would never start workforce planning strategies at all.

As the way we work continues to change at a rapid pace, organisations that do not embark on workforce planning strategies in 2017 will undoubtedly start to fall behind competitors that do.

With long-term planning over a five to 15 year period proving to be a key characteristic of high-performing organisations, business leaders need to start recognising that appropriate workforce planning will not only benefit HR and people strategies, but it will also directly impact the business’ bottom line.

Proactive strategies aiming to understand how a business’ needs will evolve over time with changes to technological advancements, macro-economic shifts, and the way people work, will enable business leaders to effectively forecast their human resource needs of the future, and understand how to plan for them today.

For example, a significant shift from full-time to part-time and casual roles should be a warning bell to employers that more flexible types of working are what current generations are demanding, and what future generations will expect.

So how can businesses prepare themselves while futureproofing against macro-level shifts in how we work?

For businesses wanting to survive the disruption that will inevitably reach their industry within the next decade, and thrive by attracting the best talent of future generations, it will be critical to start pivoting their hiring models today.

Effective use and analysis of workforce supply and demand data can help businesses navigate through these macro-level changes in the workforce, as well as develop strategies that futureproof them against the unpredictable nature and impact of technological advancements.

Optimising workforce supply with core competency planning

When a role or skill needs to be filled, there is a growing trend to look externally for talent to address the gap.

However, what many business leaders overlook is how this could create a de-motivating work environment for other employees, providing less enthusiasm to aim for internal promotions, and also potentially creating higher volumes of work in the short-term as the new employee will need to be on-boarded.

The end result is lower productivity among existing staff, and a difficult onboarding process for the new staff member. 

To optimise output, workforce supply data analytics can be used to identify the core competencies required to accomplish strategic goals, and whether existing talent can meet the business’ current and foreseeable challenges.

This could relate to upcoming projects or product launches, or potential skills gaps with anticipated parental leavers. The data analysis can highlight for business leaders where human capital is exceeding expectations and where it is falling short.

Ultimately, it opens up opportunities for new allocations of “people” resources and the sharing of best practices to ensure positive and lasting improvements. 

Workforce supply data analytics can also grant businesses the opportunity to create databases to continuously track specific training and development programs. This enables business leaders to see which roles are producing optimal impact, and then expand these to address lingering shortcomings in personnel capabilities.

Addressing retirement and succession planning with smart analytics

With what McCrindle Research is calling the “biggest leadership succession ever” because of the upcoming retirement “tsunami”, organisations of all sizes and industries need to start preparing for this major shift in staff aged 65 and over.

Through workforce analytics, retirement and succession management can be incorporated into customisable dashboards that clearly demonstrate which employees are likely to retire within the next months or years.

From here, HR and business leaders can determine which roles need to be recruited for or how internal promotions can fill the gaps, what skills are required, and whether these changes will impact other departments.

Analysing employee engagement initiatives to enhance workforce productivity

Positive company culture and strong employee engagement can undeniably influence a business’ bottom line today. In-depth analysis of satisfaction surveys and other employee data can help businesses evaluate which areas or departments benefit most from high engagement.

Depending on the department its individuals, engagement could stem from internal encouragement and communication, training and development programs, or unique performance review processes.

Regular data analysis of existing employees and their behaviour can provide these insights to business leaders and enable them to apply successful tactics of highly engaged teams to others throughout the business.

With the constant changes to the Australian workforce and how we work, businesses need to be able to stay ahead of the curve, and anticipate how these changes will impact their HR and overall business strategies.

Having sustainable and forward-looking strategies in place will not only prepare the business for future generations of digital native employees, but also help them build an employer brand that attracts and retains the best talent in the market. 

Article by Karen Evans, Managing Director, APAC, Acendre

Related stories
Top stories
Story image
trust
9/10 Aussies to stop spending if personal data compromised
"Based on the patterns we are seeing among Australian consumers, it is evident that trust in a brand is exceptionally important."
Story image
Artificial Intelligence
AI-based email security platform Abnormal Security valued at $4B
"A new breed of cybersecurity solutions that leverage AI is required to change the game and stop the rising threat of sophisticated and targeted email attacks."
Story image
CRM
Zendesk announces new conversational CRM solutions
“The last few years have made it obvious that digital is the front door, convenience is paramount and relationships are anchored in conversations."
Story image
Workato
Workato unveils enhancements to enterprise automation platform
"The extra layer of protection with EKM, zero-logging, and hourly key rotation gives customers a lot more visibility and control over more sensitive data."
Story image
Veryfi
Veryfi announces Mobile Receipt Capture for D2C marketing apps
Veryfi has announced a new enhancement to its portfolio, with Mobile Receipt Capture for direct-to-consumer marketing apps.
Story image
Artificial Intelligence
SAS unveils AI experience to improve kids' batting abilities
SAS has created The Batting Lab, an interactive experience using AI, computer vision and IoT analytics to help kids improve their baseball and softball swings.
Story image
Fortinet
Fortinet's Security Fabric hits new record for integrations
The Fortinet Security Fabric has surpassed 500 technology integrations with more than 300 Fabric-Ready Technology Alliance Partners.
Story image
Artificial Intelligence
Updates from Google Workspace set to ease hybrid working troubles
Google Workspace has announced a variety of new features which will utilise Google AI capabilities to help make hybrid working situations more efficient and effective.
Story image
SaaS
Absolute Software expands Secure Access product offering
Absolute Software is enhancing its Secure Access product portfolio, enabling minimised risk exposure and optimised user experiences in the hybrid working environment.
Story image
Remote Working
How organisations can meet employees' changing expectations
The global employment market has shifted dramatically in favour of employees, sparking the so-called great resignation, in which people are leaving unsatisfying roles in search of greener pastures.
Story image
Manufacturing
HINDSITE wins Aerospace Xelerated Pitch Challenge with solution to support Boeing
Brisbane-based startup HINDSITE was the winner of the first ever Pitch Challenge organised by Aerospace Xelerated in partnership with Queensland XR Hub. 
Story image
Sustainability
Siemens showcases new automated solutions for data centers
Siemens has implemented new automated solutions and AI in the Baltic region's largest data center, providing insight into the future of data center management.
Story image
Digital Transformation
Unlocking the next digital frontier for educational institutions
Understanding where to invest in technology can be challenging for education institutions, especially after the COVID-19 disruptions.
Darktrace
Threat actors are exploiting weaknesses in interconnected IT/OT ecosystems. Darktrace illuminates your entire business and takes targeted action to stop emerging attacks.
Link image
Story image
Ivanti
Ivanti and Lookout bring zero trust security to hybrid work
Ivanti and Lookout have joined forces to help organisations accelerate cloud adoption and mature their zero trust security posture in the everywhere workplace.
Story image
Mobility
Hands-on review: STM laptop bags
The advent of hybrid working has meant we need laptop bags. We got our hands on two of the most popular laptop bags from STM.
Story image
Safety
Voxel hits total funding of $18M following ongoing wins
Since raising its seed round in September, Voxel has grown at pace, by decreasing on-site injuries by upwards of 80% and increasing operational productivity.
Story image
Cybersecurity
Video: 10 Minute IT Jams - An update from IronNet
Michael Ehrlich joins us today to discuss the history of IronNet and the crucial role the company plays in the cyber defence space.
Story image
Artificial Intelligence
SAS launches human-focused responsible innovation initiative
SAS has launched a responsible innovation initiative, furthering its commitment to equity and putting people first.
Story image
Sustainability
Grasping the opportunity to rethink the metrics of a sustainable data centre
A data centre traditionally has two distinct operations teams: the Facility Operations team, and the IT Operations team. Collaboration between them is the key to defining, measuring, and delivering long-term efficiency and sustainability improvements.
Softiron
For every 10PB of storage run on HyperDrive vs. comparable alternatives, an estimated 6,656 tonnes of CO₂ are saved by reduced energy consumption alone over its lifespan. That’s the equivalent of taking nearly 1,500 cars off the road for a year.
Link image
Story image
Tech job moves
Tech job moves - Datacom, Micro Focus, SnapLogic and VMware
We round up all job appointments from May 6-12, 2022, in one place to keep you updated with the latest from across the tech industries.
Story image
Cybersecurity
The 'A-B-C' of effective application security
Software applications have been a key tool for businesses for decades, but the way they are designed and operated has changed during the past few years.
Story image
Adyen
Adyen expands partnership with Afterpay as BNPL payments increase
Adyen has expanded its partnership with AfterPay allowing more of Adyen’s merchants in more countries worldwide to use the BNPL provider.
Story image
Cybersecurity
Hard numbers: Why ambiguity in cybersecurity no longer adds up
As cybersecurity costs and risks continue to escalate, CEOs continue to struggle with what their investment in cyber protection buys. Getting rid of ambiguity becomes necessary.
Story image
Wasabi Technologies
Wasabi opens new cloud storage in Australia with Equinix
Wasabi Technologies has opened a new hot cloud storage region in Sydney, Australia, using Equinix services. This is the company's 12th global storage region.
Story image
Sift
Sift shares crucial advice for preventing serious ATO breaches
Are you or your business struggling with Account Takeover Fraud (ATO)? One of the latest ebooks from Sift can provide readers with the tools and expertise to help launch them into the new era of account security.
Story image
Sustainability
Power at the edge: the role of data centers in sustainability
The Singaporean moratorium on new data center projects was recently lifted, with one of the conditions being an increased focus on power efficiency and sustainability.
Story image
Alteryx
Decision Inc. Australia enters partnership with Alteryx
Independent data and analytics consultancy Decision Inc. Australia has partnered with automated analytics company Alteryx, expanding its offering to clients.
Story image
Talend
Talend introduces new data health solutions for businesses
Talend has announced its latest version of Talend Data Fabric, with the release of Talend Trust Score enabling data teams to establish a foundation for data health.
Story image
SAS
New SAS service overcomes subscription fatigue for media companies
SAS has launched SAS 360 Match which helps media companies move towards a AVOD model to generate revenue as subscribers cancel.
Exabeam
Find out how a behavioural analytics-driven approach can transform security operations with the new Exabeam commissioned Forrester study.
Link image
Story image
Artificial Intelligence
ANU and Seeing Machines to use AI to improve driver safety
The Australian National University and Seeing Machines have won a grant to develop AI systems monitor human behaviour while driving.
Story image
Data Center
Preventing downtime costs and damage with Distributed Infrastructure Management
Distributed Infrastructure Management (DIM) can often be a lifeline for many enterprises that work with highly critical ICT infrastructure and power sources.
Story image
Wireless
SmartCIC, BICS partner to expand wireless service options
SmarCIC has partnered with BICS to increase choice for organisations using fixed wireless services, expanding existing carrier relationships for its CELLSMART division.
Story image
Public Cloud
Cloud adoption still a work in progress, NetApp finds
NetApp has announced the results of the annual Cloud Infrastructure Report based on a survey of public cloud business and IT decision makers.
Story image
Excel
Could your Excel practices be harming your business?
While Excel has been the de-facto standard for budgeting, planning, and forecasting, is it alone, enough to support organisations in the global marketplace that’s facing rapid changes due to digital transformation?
Story image
Remote Working
IT teams deploy powerful technologies to enable remote work
"We found that IT teams mastered the challenges of remote work last year in large part by employing powerful yet easy-to-use technologies."
Story image
Hawaiki Cable
BW Digital completes acquisition of Hawaiki Submarine Cable
BW Digital has completed its full acquisition of Hawaiki Submarine Cable, with all applicable regulatory filings and approvals now received.
Story image
Cybersecurity
A10 Networks finds over 15 million DDoS weapons in 2021
A10 Networks notes that in the 2H 2021 reporting period, its security research team tracked more than 15.4 million Distributed Denial-of-Service (DDoS) weapons.
Story image
Application Security
What are the DDoS attack trend predictions for 2022?
Mitigation and recovery are vital to ensuring brand reputation remains solid in the face of a Distributed Denial of Service (DDoS) attack and that business growth and innovation can continue.
Story image
Cybersecurity
Managed service providers: effective scoping to avoid costly vendor pitfalls
Managed security services are outsourced services focusing on the security and resilience of business networks.
Story image
Microsoft
SAS Viya on Microsoft Azure to deliver 204% return - study
The Forrester Total Economic Impact study finds SAS Viya on Microsoft Azure brings a 204% return on investment over three years.
Story image
Ransomware
Cybersecurity starts with education
In 2021, 80% of Australian organisations responding to the Sophos State of Ransomware study reported being hit by ransomware.