One in four CEOs has canceled or delayed a strategic initiative due to talent constraints1 – often sacrificing new markets, growth, innovation and quality. Global expansion, cost reduction, regulatory requirements, changing demographics and skills gaps further compound the issue. Organizations should have a systematic process for identifying workforce needs, developing strategies to meet those requirements and implementing them effectively. It's about being able to look forward and forecast the right talent – at the right capacity – to meet changing demands now and in the long term.
Workforce planning has evolved from an annual headcount activity to a strategic, predictive exercise. Companies are now scrutinizing data from various sources and applying predictive analytics in order to anticipate and plan for future needs. This can maximize retention, engagement and productivity. With PwC Saratoga, the world's leading source of workforce measurement, we actively collaborate with you in order to draw insight from workforce data and improve your ROI in human capital. The result: fact-based, future-focused insights on which you can act.