The Conference Board has issued a study showing that an aging workforce and an emerging "baby boom" retirement wave are driving more companies toward "strategic workforce planning," which involves analyzing and forecasting the talent that companies need to execute their business strategy. "Strategic workforce planning is aimed at helping companies make sure they have the right people in the right place at the right time and at the right price."
The study--Strategic Workforce Planning: Forecasting Human Capital Needs to Execute Business Strategy--reports that these other forces are driving strategic workforce planning: current movement and projected labor shortages; globalization; the growing use of contingent, flexible workers; the need to leverage human capital to enhance return; mergers and acquisitions; and the evolution of workplace technology and tools. The study includes detailed case studies of nine organizations.
Source: Conference Board Press Release (August 7, 2006)