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For HR leaders, navigating the pressure to get workforce planning right has never been higher, due to uncertainty about AI and macroeconomic factors. Failed hiring decisions, unexpected employee departures and misaligned teams can derail growth strategies and erode competitive advantage.
Successful organizations know that a workforce planning strategy is key to business success. According to McKinsey, S&P 500 companies that “excel at maximizing their return on talent” earn about 300% more revenue per employee than the median firm.
However, the challenges are mounting from multiple directions, according to analysts. AI is reshaping job requirements, hybrid work has created new complexities and global talent competition means the best candidates have more options than ever. Meanwhile, plenty of middle managers—often the link between strategy and execution—say they lack the training and support needed to succeed.
5 ways to refresh workforce planning for today’s environment 1. Build a data-driven foundation
According to researchers at McKinsey, “successful organizations recognize that their workforce is a strategic asset,” making talent development and retention vital to long-term success. Because employees are both the biggest investment and greatest source of value, strategic workforce planning leverages data to identify future capacity and skill gaps, guide upskilling and reskilling, and align
