Today's forward-looking human resources organizations recognize that linking strategic business objectives with workforce growth and development plans through long-term planning can drive competitive advantage. Planning includes identifying competencies and skills required at all levels and in each job function-both today and for future business needs. It also involves considering alternative scenarios for building the optimal workforce of the future.
Oracle's PeopleSoft Workforce Planning helps you conduct in-depth analysis of mid- and long-term workforce requirements to determine which key jobs, competencies, and profiles are essential to fulfilling your organizational strategy. It then links these needs directly to individual employees so you know how your current workforce compares with what is required to make your organization successful. By aligning your workforce development plans with business objectives, you can reduce hiring time and expense, lower training costs, and increase productivity across the organization.
Define Competency Needs
Create a workforce strategy that identifies key jobs, competencies, and profiles essential to accomplishing your strategic business goals.
Determine a value for your workforce strategy by allocating a value across the human capital assets-people, roles, and competencies-that make up the organization.
Assess Existing Competencies
Combine workforce-related information into a central repository to provide a macrolevel view of your organization's resources.
View jobs, competencies, and profiles along multiple dimensions to assess existing competencies within your workforce and model future workforce scenarios.
Match Employees with Organizational Needs
See how closely your current workforce meets the needs of the organization.
View the "match"-a list of employees who have the required competencies for each role.
Assess the gap between your current workforce's competencies and the requirements of various competency strategies you may be evaluating.