Workforce Planning, Forecasting & Budgeting
Workforce Planning, Forecasting, and Budgeting go beyond mere staffing numbers. It's about envisioning the future, preparing for challenges, and ensuring that your organization's most valuable asset, its ‘People’ remains at the forefront of your success.
Empower your workforce strategy with One People’s Workforce Planning tool. We accurately forecast your future talent needs, so you have the right people in the right positions at the right time. Plan, forecast, budget, and monitor your workforce within your HR platform, gaining actionable insights from real-time headcount, turnover forecasts, and growth projections. Make data-driven decisions and develop a strategic, future-proof talent strategy for ultimate success.
Take control of your workforce today with One People. This module considers the entire employee lifecycle, from recruitment and onboarding to development, retention, and succession planning, The most important holistic approaches in workforce planning that align with a strategic and future-oriented perspective are:
Strategic Alignment
This ensures your workforce plan directly supports your organization's overall goals and objectives, to ensure the right skills and talent are available for long-term success.
Talent Acquisition and Retention
Attracting and keeping top talent is crucial for any strategic workforce plan. By accurately forecasting workforce needs, organizations can attract and retain the right people with the skills and competencies required for the future. This involves identifying critical skills, developing effective recruitment strategies, and implementing strong retention programs that promote employee satisfaction and engagement.
Succession Planning
It supports the identification and development of potential leaders within the organization, enabling a smoother transition when key positions become vacant. This involves identifying and developing high-potential employees, creating career development paths, and ensuring knowledge transfer. This prevents talent gaps and fosters smooth leadership transitions.
Data-Driven Decision-Making
Workforce planning relies heavily on data, analytics, and forecasting to make informed decisions about workforce requirements. Instead of reacting to staffing issues as they arise, workforce planning and forecasting proactively anticipates future challenges and addresses them in advance.
Added Benefits of Workforce Planning, Forecasting, and Budgeting with Wolke One People
Efficient Resource Allocation
This is a key benefit. Effective workforce planning ensures that resources are used in the most efficient way possible, aligning staff levels to the operational needs of the business. This not only controls labor costs but also maximizes productivity.
Workforce Flexibility
Anticipating the need for different types of labor (temporary, part-time, remote) allows an organization to adapt quickly to market changes and demands. This flexibility is crucial in a dynamic business environment where agility can provide a competitive advantage.
Cost Savings
Strategic workforce planning helps avoid the high costs associated with hastily hiring or laying off staff. By predicting future staffing needs, an organization can reduce unnecessary hiring costs and avoid the negative financial impact of large-scale layoffs.
Improved Employee Productivity
Having the right people in the right jobs, and at the right time, ensures that employees can perform their roles effectively. This not only enhances individual performance but also drives overall organizational efficiency.
Enhanced Employee Engagement
When employees see opportunities for growth and understand how their roles fit into the organization’s goals, they are more likely to be engaged. Workforce planning that incorporates career development aligns employee aspirations with organizational needs, fostering a more committed workforce.
Risk Mitigation
Workforce planning plays a critical role in preparing for and mitigating risks associated with staffing. This includes the risk of losing key employees, dealing with market fluctuations, or adapting to regulatory changes. A well-thought-out plan helps maintain operational stability in the face of such challenges.
Legal Compliance
Workforce planning must consider legal and regulatory requirements related to employment. By ensuring compliance with these laws (like labor standards, equal employment opportunity, etc.), an organization can avoid costly legal problems and maintain its reputation.
Remember, the most effective workforce, forecast and budget plans are customized to the specific needs and challenges of your organization. Focusing on the 4 core approaches will help you build a strategic and future-proof workforce that can adapt and thrive in a changing environment.
Frequently Asked Questions
Check out the questions and answers below for more information about One people
We put employees first with a cloud-based suite of HR & Payroll solutions called One People. We provide you with a powerful HR Information System, Payroll, as well as tools for onboarding, learning, performance management, and people analytics.
- People Management
- Payroll
- Employee Experience
- Expense Claim
- Performance Management
- Time Attendance
Here are the usual integration methods used to connect One people with third-party applications.
- API
- File Exchange (CSV files, Excel files, and everything else..)
- Web Services
The minimum number of employees for all of our subscription options is five. It is possible to use the One people platform with fewer employees than this, but you will still be charged for a minimum of 5 employees for each of the products and services that you use.
We bill annual contract on the day of signing, and monthly contracts on the 1st of every month. If you sign up during the month, your first month’s bill will be prorated.
One people also accepts all major credit and debit cards as well as electronic bank transfers via ACH.
If you decide to cancel your One people account, you can do so at any time. Should you choose to cancel, please understand that prorated refunds are not available. During the current monthly billing period, your account will remain active without further charges.
You can expect to spend between one & four weeks depending on the size of your organization.
Microsoft Azure West Europe data center in the Netherlands hosts One People customer data. Sensitive fields are encrypted in transit, and the data center uses advanced encryption techniques at rest. Furthermore, the data center located in Netherlands meets the data requirements of the European Union, the European Economic Area, Switzerland, and the United Kingdom.
Among the measures we take to prevent data leaks and unauthorized access are:
- Data security with multiple levels of defense
- Regular vulnerability scanning
- Web application firewall
- SOC II audits by third parties
- Penetration tests annually
Microsoft Azure West Europe data center in the Netherlands hosts One People customer data. Sensitive fields are encrypted in transit, and the data center uses advanced encryption techniques at rest. Furthermore, the data center located in Netherlands meets the data requirements of the European Union, the European Economic Area, Switzerland, and the United Kingdom.
Among the measures we take to prevent data leaks and unauthorized access are:
- Data security with multiple levels of defense
- Regular vulnerability scanning
- Web application firewall
- SOC II audits by third parties
- Penetration tests annually
