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HR Forecasting - Getting Ahead of the Game
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Transcript of HR Forecasting - Getting Ahead of the Game
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HR FORECASTING Getting Ahead of the Game
Presented by Vivian L. Mora, MSS, SPHR Managing Partner and Founder Mora&Associates Search and Consulting Greater Metro Area of Houston, TX
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Earl G. Graves, Sr. Author, publisher, entrepreneur, philanthropist
and founder of Black Enterprise magazine
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HR Forecasting = Scouting Ahead Role: Strategy Architect • Has a vision for how the organization can “win” in the
marketplace, now and in the future
• Plays an active part in establishing the overall strategy to deliver
on this vision
• Recognizes business trends and their impact on the business,
forecasting potential obstacles, and facilitating the process of
gaining strategic advantage
Dave Ulrich, Wayne Brockbank, Dani Johnson, Kurt Sandholtz, Jon Younger, HR Competencies (RBL Institute/SHRM, 2008)
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3 Major Forces under Examination Demographic • Relating to human populations especially with reference to size and density, distribution, and vital statistics.
Technological • Resulting from improvements in technical processes that increase productivity of machines and eliminates manual operations or operations done by older machines
Economic • Relating to or based on the production, development, distribution, management, and consumption of goods and services (material wealth), as of a country, household, or business enterprise.
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Demographic
• Factors/Trends
• Impact/Obstacles
• Possibilities for Gaining Strategic Advantage
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Demographic • Factors/Trends
• Declining population growth worldwide in developed countries
• The increasing age of the workforce • Increasing ethnic diversity • Net migration within the US – population growth in
the South/Southwest – decrease in the middle states • Changes to family structure – more single-parent and
domestic partner family structures • Globalization – migration of people and of work
around the world
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Demographic • Factors/Trends • Declining population growth
worldwide - particularly in developed countries
• Impact/Obstacles • Can decrease economic
growth through a decrease in the contribution of labor input
• Possibilities for Gaining Strategic Advantage • Leverage technology • Increase automation • Increase the capacity of
current labor through talent development
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Demographic • Factors/Trends • Net migration within the US –
population growth in the South/Southwest – decrease in the middle states
• Impact/Obstacles • Can make it hard for
employers to find the labor they want when they need it.
• Possibilities for Gaining Strategic Advantage • Shift work to other sites • Consider relocation • Initiate job training • Other options?
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Technological
• Factors/Trends • Impact/Obstacles • Possibilities for Gaining Strategic Advantage
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Technological
• Factors/Trends • Workplace Connectivity – enabled by software
and smart phones, tablet computers and cloud computing • People can reach others throughout the world in a
matter a seconds, at little to no cost. • Employees no longer need to be physically with
their clients or co-workers; they can communicate effectively from home, a remote office, across the world, and from their cars or even an airplane.
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Technological
• Factors/Trends • Workplace Connectivity, the 24/7 Workplace • Impact/Obstacles • Can increase stress • Minimize work/life balance • Lead to health concerns • Possibilities for Gaining Strategic Advantage • Establish a culture that respects the “whole” person • Ensure multiple “go-to” options • Offer telecommuting/flexible work options • Protect “offline or out of touch” time • Make vacation time sacred • Other options?
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Economic
• Factors/Trends
• Impact/Obstacles
• Possibilities for Gaining Strategic Advantage
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Economic
• Factors/Trends • Older US
workers are delaying retirement due to the effects of the recession
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Economic • Factors/Trends • Older US workers are delaying
retirement due to the recession • Impact/Obstacles • Less workforce disruption • Maintain an experienced workforce
segment • Higher wage and benefit expense* • Possibilities for Gaining Strategic
Advantage • Leverage the knowledge base towards
development of younger workers based on your future talent requirements
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To know the basic trends in demographics as well as the specifics of those that influence the labor supply and capabilities of your industry;
Closing In addressing these three areas, a strategic HR professional will need:
and you will need, To understand and monitor the economic climate fluctuations that impact your organization directly and indirectly through customers and employees.
Knowledge of current technological advancements and the possible impact of those advancements in your organization
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This pool of knowledge is dynamic and require continual monitoring to maintain up-to-date information. Staying ahead of these business trends allow you to proactively offer your organizations choices and alternatives that may not have been considered and permit you to keep your reputation as a gifted visionary!
Always keep your eye on the horizon!
Closing
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Vivian L. Mora, MSS, SPHR Headquarters: 22136 Westheimer Parkway, No. 322 Katy, Texas 77450 1.877.310.6553, ext. 702 Fax 281.596.6928 [email protected]
Executive & Professional Search Human Resource Consulting Services o Based in Houston, TX