Strategic Workforce Planning (SWP) / Strategic Resource Planning (SRP)

4.7
(241)
3,213 Enrolled
6 hours 10 minutes

About Course

Introduction to Strategic Workforce Planning (SWP) / Strategic Resource Planning (SRP)

Strategic workforce planning enables WFM / RM Professionals and business leaders to identify and anticipate their workforce needs and challenges and take action to ensure the organization is prepared to succeed not only today but in the future.

The goal of a workforce planning strategy is to have a workforce with the right people, skills, shape, size, time, place, and cost: Right people. New hires that are beneficial to the company and work well with the company’s culture, values, and needs.

Strategic Resource Planning (SRP) or Strategic workforce planning (SWP) in the IT services industry is critical for ensuring optimal utilization of resources, aligning workforce capabilities with business goals, and maintaining a competitive edge in a rapidly evolving market. This summary outlines key aspects of SRP or SWP including long-term and short-term planning, project-based and skill-based resource planning, managing bench resources, roll-off processes, deployment strategies, changeability, billability, skill-based organization, and continuous skill building.

Post pandemic most industries witnessed a surge in huge hiring demands across the IT skills for immediate billable slots in the projects,

Most of the organizations hired and fulfilled the demands through multiple channels of FTEs (Full-time Employees), Contractors, GIG techies/part-timers and trained freshers with very high salaries by paying notice periods but out and Just -In -Time Hiring.

Even average resources were hired with high salary ranges thinking that they could be upskilled on the job learning  by the end of the year, in the process most of these companies didn’t follow any of the  Strategic Resource Planning (SRP) or Strategic workforce planning (SWP).

In the global IT industry, layoffs have become a recurring issue due to unplanned hiring and a lack of effective Strategic Resource Planning (SRP) or Strategic Workforce Planning (SWP). These layoffs often result from overestimating project demands, misalignment of workforce skills with market needs, and inadequate forecasting of business growth.

Learning objectives

  • What is strategic workforce planning (SWP)?
  • How does SWP deliver value?
  • Building a talent inventory
  • Forecasting the internal and external workforce supply
  • Succession planning
  • Evaluating the usefulness of SWP systems
  • Who owns talent development?
  • Strategic Workforce Planning: IBM Business Case
Show More

What Will You Learn?

  • Learn the following key aspects of strategic workforce planning
  • 1)Strategic workforce planning (SWP)?
  • 2)How does SWP deliver value?
  • 3)Building a talent inventory
  • 4)Forecasting the internal and external workforce supply
  • 5)Succession planning
  • 6)Evaluating the usefulness of SWP systems
  • 7)Also learn Who owns talent development.
  • 8) Why strategic workforce planning in the organization
  • 9) Importance of strategic workforce planning
  • 10)Global market trends related to strategic workforce planning
  • 11) Real-time business cases
  • 12) Role of strategic workforce planning managers and leaders
  • 13) Industry best practices related to strategic workforce planning

Material Includes

  • 1)Strategic workforce planning overview
  • 2) Business cases
  • 3) Examples from the global industry

Course Content

Understanding Strategic Workforce Planning

  • What is strategic workforce planning (SWP)?
    03:00
  • The modern approach to SWP
    02:14
  • How business planning horizons affect SWP
    02:36
  • How does SWP deliver value?
    03:17
  • Quiz Questions:

Getting Started

Succession Planning

Managing Strategic Workforce Planning

Strategic Workforce Planning

Calculate process utilization

Strategic Workforce Planning And Tech Layoffs

Instructors

gwfmlearning

gwfmlearning

4.7
52683 Students
27 Courses

Feedback

4.7
Total 241 Ratings
73.858921161826%
19.502074688797%
5.3941908713693%
0.4149377593361%
0.8298755186722%

Reviews (241)

  1. Nivethan Sakthi
    The SWP/SRP course offers a practical and in-depth learning experience, equipping professionals with essential skills for effective workforce planning and strategic talent management.
  2. VS

    Vishal Shinde

    3 days ago
    Good
  3. NA

    Nikhila Aennu

    3 days ago
    good
  4. HA

    Hakim Aoua

    7 days ago
    Good course thank you
  5. AS

    Arvind Suri

    2 weeks ago
    Great
  6. SS

    Sabnam S

    2 weeks ago
    b
  7. KK
    na
  8. Rohan Kumar

    Rohan Kumar

    2 weeks ago
    Na
  9. SA

    Sumit Agarwal

    2 weeks ago
    NA
  10. Ram NARAYAN PATEL
    na
  11. Vikas Kumar Ahirwar
    Good
  12. Satyandra Bhati

    Satyandra Bhati

    2 weeks ago
    Na
  13. PK

    Paarth Kohli

    2 weeks ago
    Good
  14. BK

    BUDEVI KISHORE

    2 weeks ago
    good
  15. SV

    Sunil Verma

    2 weeks ago
    Very good learning experience
  16. GT

    Govind Tomar

    2 weeks ago
    Good learning experience
  17. MK

    Mahendra Kumar

    2 weeks ago
    Great Learning Experience
  18. HR

    Harsha Randhe

    2 weeks ago
    NA
  19. AK

    Amjad Khan

    2 weeks ago
    Good
  20. AA

    Amruta Asarkar

    2 weeks ago
    All good

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