A recent survey by Harvard Business Review Analytic Services found that for an overwhelming majority of respondents, inadequate workforce planning has prevented them from meeting business goals.
Harvard Business Review Analytic Services surveyed 323 executives, the majority in positions outside HR. The key findings include:
- Poor workforce planning has caused talent shortfalls, which in turn led to the inability to meet business goals, according to nearly three out of four respondents.
- Most companies do not have sufficient information about their workforce in four areas:
- What is happening with talent acquisition and attrition and why
- How the workforce plan contributes to the success of the business plan
- How changes in the workforce will cause variance from the plan
- What positions/talent are required to meet business objectives
This report examines the gap between current workforce planning practices and outcomes compared to what executives say they would like to achieve—a short-and-long-term understanding of the supply and demand of skills needed to execute business strategy—and suggests ways that companies can move their efforts forward.
For additional research findings on the changing expectations on HR leadership, download another Harvard Business Review – Analytic Services report, The Changing Role of the CHRO.