Home Invites Members Groups Events Careers Videos News Photos Blogs Polls Singles Forums Chat
Home > Client News & Resources > Post Content

Workforce Planning in a Booming Economy (12378 hits)

A fast-growing economy puts pressure on any company’s workforce planning. As the unemployment rate in the U.S. dips toward 6 percent and productivity gains taper, there are fewer qualified candidates to fill a swelling number of open positions. Many HR departments must adjust their efforts in order to fill a widening gap between the supply and demand of new talent.

Re-Assessing Your Current Workforce Plan

There are many signs that the U.S. is finally heading out of its long recession. Your workforce planning efforts must identify the areas most affected should the economy take off.

Company projections for growth in the workforce may no longer be realistic. Ask what it would take to meet a surge in open positions. Perhaps an increase of contingent staffing for the short-term is in order.
Increased demand for employees also increases pressure on your retention policies. Review current retention policies, especially for your most valued employees.
Scrutinize how your company’s compensation and benefits packages compare to those of competitors. Look for creative benefits improvements that appeal to a younger generation of workers.
Re-evaluate new college graduate acquisition programs. A larger internal talent pool of graduates could be tapped as the economy grows. Perhaps your company can improve its university presence and expand internship and training programs.

Continued: http://buyerads.com/blog/?p=645
Posted By: Elynor Moss
Tuesday, August 12th 2014 at 8:41AM
You can also click here to view all posts by this author...

Report obscenity | post comment
Share |
Please Login To Post Comments...

More From This Author
Bowie State Students Display Their Innovation in National Showcase
Spring Commencement Speakers: Lt. Gov. Fairfax and Senator Mark Warner
Fayetteville State University Founders’ Day Scheduled for April 5
ASU ‘Family’ Shows Support for Selma’s Concordia College
Video: Dancing WSSU police officer steals the show
Dr. Crew, meet the Honors Program Students!
Biggest NCAA tournament upsets of the 64-team era
Forward This Post Entry!
Client News & Resources Home

(Advertise Here)
Who's Online
>> more | invite 
Latest Photos
>> more | add
Most Popular Bloggers
elynor moss has logged 93581 blog subscribers!
gregory boulware, esq. has logged 15015 blog subscribers!
pam perry has logged 2009 blog subscribers!
david johnson has logged 330 blog subscribers!
>> more | add