Consilium Vol 1Oct 2014-Inaugural Issue | Page 31

New Approaches in Strategic Workforce Planning  Recruitment strategies It may comprise of recruiting new staff with required abilities and skills by strategically promoting the new job openings among the suitable contenders.  Outsourcing It stresses upon the use of external organizations or individuals to complete a specific set of tasks, which does not requires fulltime work option. Fig.2. Scenario planning  Collaboration It emphasizes the collaboration between the organizations to better deal with skills shortage. Multi-Skilling Job Design-a new thinking! Digressing away from the traditional departmental silos, multi-skilling focuses upon defining a range of tasks and responsibilities for an individual, which hence instigates need for imparting multiple skill-sets to a single employee. On-the-job training and task rotations are some of the practices to improve upon the multi-skill set of the workforce. Another not so famous approach is multi-employer contract, in which a group of employers hire an employee, who is rotated among them. Frequent assessments of the employees is necessary to see whether they are able to maintain it or not. Now the question arises-Why should an organization go for it? It can help to reduce the direct labor costs significantly. Downtime can be reduced and there is a positive change in performance of the employees. But putting it into reality demands overtime rates, increase in basic pay, work-related health illness, etc. So to cope with this, proper planning should be made to assess the risk involved and to identify the narrow spots. Royal Dutch/ Shell Oil. Unlike the forecasts which are based upon the assumption that tomorrow’s world will be much like today’s, scenario planning involves a coherent and credible alternative stories about the future. Scenarios are generally built upon a dynamic sequence of interacting events, changes and conditions that are ne cessary to reach a particular outcome. Exploring the future is therefore a serious business and among a range of proven techniques, scenario planning is most widely accepted because it comprises of rich stories of how future might play based on the outcomes of the key variables of the workforce environment. This can be followed by talent management which can further decide as to how to develop and maintain the desired organizational capabilities. Strategic workforce planning is the foundation for talent management. It is the bridge which connects HR strategy to business strategy. The business leaders need to adopt workforce planning as a key contribution to the business process and not just as an afterthought. Scenario Planning- a sneak peek to the future Scenario planning was first developed by Pierre Wack at 29 October 2014 |CONSILIUM