Measuring and Forecasting Human Capital Investment

Course Overview

In this program we will consider how to maximise the use of resources in order to develop the right people at the right time for the future. Having attended this program, you will have gained sufficient knowledge and insights to put them into practice immediately. The training program outline is up to date and pertinent to marketplace requirements, thus catering well to all analytical prediction of training needs in the specified area. A customised proposal can also be arranged, to suit the training requirement of your team.

Who Should Attend?

• Manpower planning managers/consultants/supervisors,
• personnel who’s key accountability is manpower planning
• Succession/Emergency Planners,
• Managers who are interested in succession planning and improving resource management,
• Individuals who have recently experienced the challenges of manpower planning and/or creating the business strategy,
• Facilitators who operate across the business planning functions.

Program Outline

INTRODUCTION TO MANPOWER PLANNING STRATEGIES Introductions, program, objectives and ways of working HR models and how to support potential future organisational requirements and structure The growing business importance of HR manpower planning (HRMP) The pace of change, shaping organisations, work requirements – the effects on today’s organisation Trends – expanding, reducing and  right sizing; what’s appropriate – use of decision making tools and worked examples The four main areas of manpower planning – Strategic focus, Data/analysis, manpower planning and people development including case studies Daily review   MANPOWER PLANNING, STRATEGIC FOCUS FROM FIRST PRINCIPALS The new HR strategic map explained How to create and deploy a strategic template – exercise and case study Measuring organisational health including maturity, a trigger for manpower planning activities – case study and exercise Converting vision and strategy into workable plans, the collection and analysis of business challenges to trigger appropriate action – including exercise Processes for delivering on time and creation of budgets Daily review   MANPOWER PLANNING SPECIALIST APPROACH; FORECASTING AND TREND ANALYSIS Monitoring and updating strategic trends – case study and exercise Use of predictive software to support the supply of talented manpower How to measure relationships and understand results – exercises The strategy of using unit costs  approach to create a winning solution Individual performance measurement, exactly how and why competencies are structured the way they are Managing expectations and individual’s needs by using objective data from current performance Measuring and forecasting individuals future performance using behavioral techniques Daily review   MANPOWER SUPPLY - BUSINESS PLANNING AND ASSESSMENT TOOLS AND TECHNIQUES Selecting the “right” principal for manpower supply Consider three approaches to satisfy short and longer term succession planning requirements The use of pre selection techniques for key posts – the role of psychometric testing, emotional intelligence and assessment centres, agreements and individual visual development maps Business reviews – why manpower planning should a regular topic for discussion, and where it has an impact – case – study Daily review   EXECUTING THE MANPOWER PLANNING PROCESS, AND ENSURING CONNECTION WITH BUSINESS REQUIREMENTS TO MAXIMIZE RETURNS The use of management tools and techniques to achieve maximum effect Why performance appraisals used in isolation do not work  when selecting individuals into development or talent pools Reacting to requirements and situations, talent pools, individual selection and head hunting Working within the agreement by the individual and the business in order to achieve the business goals How the whole manpower planning process should ‘fit’ together Final review and presentation of certificates and CPE points

Program Objectives

By the end of the program, delegates will be able to:

• Consider a number of strategic models for the successful delivery of manpower planning
• Master and be able to use methods to explore predictive trends and data
• Be able to us data to construct potential outcomes and calculate monetary implications
• Re-energise interviewing techniques, appraisal processes and manpower planning systems
• Create a methodology to present business information effectively
• Be aware of both organisational and individual measurement tools and the links between the two
• Develop individual business techniques in order to manage the manpower planning process
• Examine a number of clearly worked examples from the world of international business for your reference and use back at work
• Plan and implement action plans for yourself and individuals/managers involved in the manpower planning process