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Workforce Forecasting: Your 5-Step Guide To Predict Staffing Needs

AIHR

Workforce forecasting is the process of estimating an organizations future staffing needs to help ensure it has the right people with the right skills at the right time. Workforce management forecasting focuses on operational parts of the business (e.g., It can also help align your companys workforce capacity with its strategic goals.

Staffing 105
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HR Finance 101: A Guide To Finance for HR

AIHR

The main responsibility of finance is to allocate and monitor resources that support the goals of the organization while ensuring a balance between revenue and costs. Labor costs like salaries, benefits, and related taxes make up as much as 70% of total operating costs of a business. Why does HR need to know finance?

Cash Flow 136
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Headcount Planning: An HR Practitioner’s Guide

AIHR

The process ensures that the organization operates with the set budget to hire or retain the correct number of people with the appropriate skills and competencies to achieve its goals. Management and the HR team must track and adjust the headcount plan using real-time data to identify immediate and long-term staffing needs.

Staffing 143
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HR KPIs: Guide, 20 Examples & Free Template

AIHR

Supporting workforce planning: HR uses data and metrics to anticipate and address current and future staffing and talent needs, ensuring the organization has the right people in the right roles. HR is not responsible for revenue or sales success. HR KPI examples The KPIs used in an organization are unique.

KPI 98
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What is HR Analytics? All You Need to Know to Get Started

AIHR

In the past century, Human Resource Management has made a dramatic shift from an operational discipline to a more strategic one. Importance of HR analytics Leveraging data has become essential to expanding HR’s role within organizations by moving it from an operational function to a strategic partner.

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Automation Is At A Tipping Point

Chief Executive

Nowadays, industrial automation is eliminating the need for human labor altogether across vast and increasingly sophisticated tasks, enabling the operation to proceed with more efficient and higher-quality results, and fewer people pulling fewer levers to get there. Robot orders climbed by 22% in 2021.

Revenue 98
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Investment Bankers: A User’s Guide for CEOs

Chief Executive

Maybe your staffing is lean, and you pride yourself on being frugal. Buyers will want your contracts with clients to be longer term so that there is more continuity to your revenue. And their knowledge of the industries they cover can give you useful operational benchmarks against which to measure (and tweak) your own performance.

Revenue 97