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Some of the benefits of a strong internal workforce development strategy include:
A stable and dedicated workforce that has grown alongside the company can help in the creation of new products and ideas because they understand the company, its past and its potential. It can also result in lower recruitment cost when you do need to grow your team. Then there’s the potential of lower liability costs, more efficient use of training dollars, increased the potential for business expansion and more.
You’ve probably heard the old adage, “The one constant in life is change”. The labor markets have changed, many of the ways we do business have changed. The old thinking about hiring and training workers no longer matches the requirements of most companies today. With the skills gap so evident and the looming retirement of so many of our workers, companies are being forced to adopt new processes for attracting and retaining talent. It is more and more difficult to hire the exact talent needed, when it is needed. Those companies who neglect to develop a workforce strategy that supports its overall business goals will be leaving a critical element of success to the whims of market conditions and prevailing factors that will impact their business.
Your HR team is very important. They take the point when it comes to rules, regulations, recruitment, benefits, arranging training and much more. A great workforce development strategy includes building an engaging company culture, developing training initiatives that match the needs of both the company and the workers and positioning the company well within the community for recruiting efforts. It involves the process of evaluating current workforce needs as well as future workforce needs. So, as you can see, a strategy around how a company will attract and retain the best talent thereby giving the organization the highest probability of achieving all of their strategic goals, is the job of the entire company – from the CEO to the shift supervisors and everyone in between.
That will depend on your organization’s situation, future plans and goals. Each company is unique, so no two strategies will be the same. Things that will influence your strategy will be the specific level of workforce you need to focus on, the types of development efforts needed, and the timing involved. Ultimately the workforce development strategy should align with the overall business strategy.
Leadership development takes time; it takes practice too. Having a system in place to allow new leaders to connect with mentors/coaches is a great place to start, but you can also have them report out to the company’s management team upon returning from training and then periodically afterward. Situations come up every week to challenge leaders. Helping them with ongoing training, feedback and even the chance to fail forward is an important part of the development process. We can help you set up a process that works during the training and after to help new leaders grow and develop.
There are multiple options for the types of leadership training. The best place to start is with an assessment of need. Once this is complete we can help you determine the best options. We can also customize training to meet your specific needs.
The Workforce Status Review (WSR) is a one day assessment designed to look at the major aspects of an organization’s workforce development efforts. As a review, it is intended to look at all of these aspects side by side and help identify possible gaps and opportunities. The WSR may well turn out to be a validation of what you already know; it may also identify some areas that offer additional opportunities.