Strategic Insights for Labor Market Analysis PPT


This PPT slide, part of the 27-slide Business Unit-driven Organizational Workforce Planning PowerPoint presentation, outlines critical considerations for HR leaders in the second phase of Business Unit-driven Workforce Planning, focusing on the analysis of both external and internal labor markets. The left section emphasizes the importance of understanding external labor markets. HR leaders are advised to identify emerging trends that could influence the organization’s business strategies. This involves cascading information about these trends down to individual business units, ensuring that each unit understands how external factors may affect their specific operations. Additionally, HR leaders are encouraged to support business units in assessing the implications of these trends on their priorities and skill requirements.

On the right side, the focus shifts to internal labor market analysis. Here, HR leaders are instructed to create a skills inventory that is sufficient, but not exhaustive. This inventory should provide timely data to guide skills-related decisions in alignment with business needs. Furthermore, establishing a flexible network of stakeholders across the organization is highlighted as essential. This network should be responsible for monitoring changes in skills supply and demand, ensuring that the organization can adapt to evolving needs.

The slide concludes with a list of critical priorities for HR leaders, which includes collecting and analyzing relevant data, developing strategic plans based on this data, and implementing as well as monitoring the effectiveness of workforce-related programs. These elements are crucial for aligning workforce strategies with organizational goals and ensuring that HR can effectively contribute to overall business success.




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