Time’s running out. Are you prepared for 2015 from the standpoint of staffing and workforce planning?
By conducting a thorough assessment of your current business and hiring needs, you establish a baseline from which you can implement new goals in the New Year. Once you do this, your strengths and weaknesses will become obvious and you can develop the goals, policies and procedures that will position you for competitive success.
Look Back at 2014
Your strategy begins with a look back at the past 11 months. What went well – or not?
- Get a better understanding of where you are headed into 2015. Did you grow or see demand fall? Did you add headcount or a need for more temp workers? And does your staffing plan meet the current reality of your organization? Your workforce planning should parallel current and projected company objectives.
- Know where you stand in terms of your 2014 staffing goals. Did you experience higher-than-anticipated turnover this past year? Were there other obstacles, such as a shortage of skilled workers? Now is the time to get back on track. Your staffing firm can help you gain a fresh perspective on your current recruitment process and how you can improve it.
Look Ahead to 2015
Now that you’ve self-evaluated, take steps to change for the better.
- Look at planned business developments in 2015. How will they affect your plans? Consider scenarios that are within your control; for example, upcoming product launches, mergers or acquisitions – as well as those outside your realm, such as new legislation or a surging competitor. How will you approach them?
- Consider the broader economy. The U.S. economy is expected to grow by about 3 percent in 2015, slower than some earlier predictions. Where does your company fit into this global picture?
- Get a handle on your level of budget flexibility. Will you have more money to spend in 2015? Less? Or will your budget simply flat line? Knowing how far you need to stretch your resources will affect everything you do, from hiring to employee engagement to making your application process more efficient.
- And speaking of engagement: Wages are expected to remain steady in the New Year. A more stable economy may prompt some employees to jump ship. Review your current company culture and employee engagement initiatives. Focus them on career advancement, recognition, communications and creating a user-friendly environment. This will spill over into enhancement of your employer value proposition.
- Rethink your talent management approach. You can no longer rely simply on job boards and ads. Find innovative ways to deepen and broaden your talent pool. This should include tapping into the best of the best: passive job candidates. It also will position you to hire quickly when the need arises. Because you know it will.
- Establish KPIs. Key performance indicators enable you to measure your progress on an ongoing basis. Your KPIs may include the ratio of qualified candidates to applicants, time to hire, quality of hire, and/or employee referrals. If you already have KPIs, be sure they’re relevant and up to date.
Do you need help with your workforce plans for 2015? Whether you need to start from scratch or revise your current plan to meet marketplace demands, the specialized recruiters at Contemporary Personnel Staffing and Professionals Incorporated can help. Contact us today at (315) 457-2500 or firstname.lastname@example.org to learn more.