Strategic Workforce Planning As Competitive Advantage

Introduction

Labor shortages are at historical highs. There are 8.8 million job openings across the United States but only 6.4 million unemployed individuals Mismatched skills and a declining labor force participation of 62.7 percent heighten the issue.¹

If the labor gap weren't enough, rapidly rising wage costs, changed workforce expectations, artificial intelligence's progression, a workforce generational change, and a global swing to nationalism have created a significant talent demand and supply imbalance. Identifying, developing and keeping a resilient workforce has become a more difficult challenge than ever.

An Old Idea With a Data-Driven Focus – Strategic Workforce Planning