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Take it From the Experts – Workforce Planning Best Practices
This month we’re focusing on the truism ‘yesterday is history, but tomorrow (doesn’t have to be) a mystery’ and since those words of wisdom are borrowed lyrics from Justin Timberlake, we thought it might be a good idea to get some words of wisdom on this topic from our own celebrities workforce planning subject matter…
A Quick Intro to Workforce Planning
Workforce planning is a systematic process to align an organization’s future workforce to strategic priorities by anticipating and identifying work requirements, to include both the numbers and types of employees and skills the future work will require. Organizations typically plan workforce needs 3-5 years in the future and develop action plans to mitigate identified gaps….
Workplace Toxins: What is your organization spreading?
My dad has always been a fanatic about keeping his yard in tip-top shape. I kid you not, as a child, I remember him going to great lengths so that we would have a picture perfect yard – mowing the lawn in perfectly concentric circles and squares (whichever worked best with the shape of the…
Why Do They Leave?
Employee Retention Motivational Factors: The Big Six Most employers know that attracting and retaining highly skilled employees is vital to their organizational success. However, some employers struggle to find the best means of keeping their employees engaged, often relying on one-time recognition awards or ad hoc communications. A kernel of truth to this state of…
An Inside Look at the Evolution of Employee Retention at FMP: A Veteran ‘FMPer’ Perspective
After reading last week’s blog and learning some of the ‘out-of-the-box’ perks that companies use to retain employees, I thought it would be interesting to look at how the perks and benefits at FMP have evolved to attract and retain employees. Specifically, I wanted to learn more about what we’ve done in the past, what we’re presently doing to retain our great workforce, and what FMP’s future plans are to retain employees for years to come. And, I…
Work Perks: Investigating Employee Incentives
What Are Work Perks? Since the economic boom in the US following WWII, employers have traditionally offered a selection of employee benefits as a form of indirect compensation. Some of these benefits are required by law (like unemployment insurance or workers compensation), while others have become so commonplace that they are often expected or assumed…
Recruitment & Retention: The Grass Isn’t Always Greener
If you could switch companies today, would you? Constant connectivity and innovative portable technology allows us to be online all.the.time. Whether it’s looking up LinkedIn posts and comparing others’ salaries via Glassdoor or scrolling Instagram liking your cousin’s vacation to the islands while you stayed home and had to brave the Snowpocalypse (coming again 2020),…
How to Grow High Potentials
To finish off our conversations on high potentials, we wanted to cover how an organization can grow high potentials within their existing staff. Good news, there has been a recent shift with organizations spending more of their training budget on executive and supervisory level leadership, and employees are eager to learn more and develop in…
Identifying and Developing Talent within Succession Planning
This month we’ve been talking about high potentials- identifying, developing, and keeping them. Any discussion of high potentials naturally takes the conversation to succession planning- which is the process of developing the next generation of organizational leadership. Our very own I/Oers, Dr. Marni Falcone and Mike Camburn, were featured in a webinar by the Society…
Common and Best Practices in Identifying HiPos
High potential employees, often abbreviated as HiPos, are those who are in the top 3-5% of the organization workforce, perform better than their peers, exhibit the organizational values, and show potential to become successful leaders. While it makes sense for companies to find their HiPos in their high performers, not all high performers are HiPos….