What is a Workforce Plan?
A workforce plan is used to determine the current and future needs of an organization’s workforce. It outlines the skills, capabilities, and resources needed to achieve the organization’s goals and objectives. It also includes a plan for recruiting and retaining talent, as well as strategies for developing and optimizing employee performance. A workforce plan is an essential tool for any HR leader, manager, or team looking to develop and implement a successful workforce strategy.
What's included in this Workforce Plan template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Workforce Plan template for?
The Workforce Plan template is designed for HR leaders, managers, and teams of all sizes and industries. It provides a comprehensive framework to create a plan to manage their workforce. The template includes sections on setting objectives, defining focus areas, setting measurable KPIs, and implementing related projects. It also includes a section on utilizing Cascade Strategy Execution Platform to see faster results from your strategy.
1. Define clear examples of your focus areas
Focus areas are the specific topics or areas of your workforce strategy that you will be concentrating on. Examples of focus areas include talent management, performance management, and professional development. Each focus area should have an overarching goal and objectives that are designed to help you achieve that goal.
2. Think about the objectives that could fall under that focus area
Objectives are the specific actions or tasks that are necessary to achieve the focus area goal. Objectives should be clear, measurable, and achievable. For example, under a talent management focus area, you could set an objective to increase retention of top talent.
3. Set measurable targets (KPIs) to tackle the objective
KPIs, or key performance indicators, are measurable targets that are used to monitor progress towards achieving an objective. KPIs give you a way to track progress and measure success. For example, to increase retention of top talent, you might set a KPI to increase the retention rate from 30% to 45%.
4. Implement related projects to achieve the KPIs
Projects are the specific actions you will take to achieve your objectives and KPIs. Projects can include a variety of activities such as introducing employee engagement surveys, offering professional development courses, or developing a leadership program. It is important to ensure that the projects are related to the objectives and KPIs you set.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is an online platform designed to help HR leaders, managers, and teams implement their workforce strategy. Cascade’s user-friendly interface and robust analytics tools make it easy to manage your workforce plan, track progress, and measure success. With Cascade, you can see faster results from your strategy and achieve your goals with ease.