Unlocking the Power of Strategic Workforce Planning
As companies face significant challenges amid economic disruptions and increasing layoffs, it's more important than ever to have a strategic plan to succeed in this ever-evolving landscape.
Our study, in partnership with Aptitude Research, surveyed over 300 U.S. HR executives at companies with 250 or more employees, and the results are clear: companies leveraging an end-to-end, purpose-built solution for strategic workforce planning were significantly more successful than those using other methods, such as Excel.
Here are some of the key takeaways from our research:
- Companies using SWP technology saw a 135% increase in forecasting future skills compared to those without.
- SWP technology users were 121% more likely to reduce turnover, which has a direct impact on an organization's bottom line.
- While 82% of companies were unclear on the skills needed for future success, only 18% reported having an excellent view into skill gaps through workforce planning.
- Despite the increase in investment in the future of work, with 72% of companies reporting increased investment, 60% feel they need more preparation.
At eQ8, we're dedicated to driving a fundamental shift where organizations see their workforce as their greatest asset. Our end-to-end SaaS solution for strategic workforce planning using dynamic scenario modeling is the only dedicated solution of its kind, and we're committed to helping companies meet their long-term goals for success by putting their workforce at the center of their strategy.
If you're ready to unlock the power of strategic workforce planning, download our research today and take the first step towards a more successful future.