energy use). Going forward, each division, school, department, ORU, and college will align its individual strategic planning efforts with the university’s overall Strategic Plan. For example, if a large proportion of a target group is nearing their retirement age, or if engagement scores for key employees are very low, make them pop out! For this article, I want to zoom in on the data and metrics that are useful to create in the Strategic Workforce Development process and why. Most organizations, small and large, have a defined vision, mission, and strategy. Strategic planning may be utilized on a large scale, such as planning for business growth over several years or to help a nonprofit or governmental organization reach its stated mission. These are metrics that will give you more detail about the groups and will help a great deal in determining HR actions tailored to these groups: These are metrics that give very detailed information about the population and will help you in making customized HR policies tailored to future workforce demands. For now, this is out of scope but I will provide more information on how to do proper scenario planning with data in another article. Contact us at the Consulting WP office nearest to you or submit a business inquiry online. A business plan is a good example of strategic planning. Measurement must be continuous, so a well-run organization needs to generate monthly financials and track metrics for SOs on a regular basis. Issues . This is where strategic workforce planning, or development, comes in. 1 . Most of those who create HR metrics and recruiting metrics don’t really understand the strategic mindset of CEOs. Organize metrics and qualitative indicators around goals and priorities. For example, ... A definition of budget planning with examples. Is the project serving that purpose? Subscribe our newsletter to get notification about new updates, information discount. Metrics give you these answers. Framework . Example : Logic Map & Metrics . Sorry. Census Metrics M-101: Headcount M-102: Job Type Census M-103: Salary and Headcount Rollup M-104: Age Ratio M-105: Gender Ratio “…I love Bill’s book. HR Business Partner 2.0Certificate Program, [NEW] Give your career a boost with in-demand HR skills. Capital Plan Narrative/ Strategic Objectives . It is very short at only 5 pages and uses graphical elements to communicate goal alignment. Once you have established the target groups important for strategy execution you will need to know the composition and needs of these target groups. Important number which directly contributes to the recruiting challenges that need to be met for business continuity, without the added effort from any business growth ambitions. Creating good, solid measures is the first step to developing your performance scorecard. Example: KPI vs Metrics. Strategic planning is the process of developing a strategy and planning its execution. Performance Monitoring . The reader can very quickly get an understanding of what initiatives have impact across the university while at the same time understand how individual initiatives apply to a specific goal area. Diversity & Inclusion is a demonstrated benefit to business. This is the start of building scenario’s in a model for Strategic Workforce Development and this is where people data meets business drivers. You must have JavaScript enabled to fill out this form. Goal 1: Enhance Student Success; Goals 2 and 3: Invest in Faculty and Infrastructure and Support Interdisciplinary Scholarship; Goal 4: Pursue Organizational Excellence; Goal 5: Engage Locally and Globally; Download Report Metrics (PDF) Progress. How do you know? Good strategic planning examples all set clear priorities for an organization and focus employees and resources on established goals. Your metric would measure staff turnover before flex time and after to assess the impact of your strategic project on the turnover. The latter could indicate a risk of a large chunk reaching retirement age and capacity and knowledge leaving the organization, The percentage of people that leaves the organization in specific age groups (either voluntary or involuntary), Might provide insight into age groups with abnormally high or low turnover, The percentage of people who leave the organization voluntarily and involuntary, Target groups with high voluntary turnover might risk endangering business continuity and develop chronic employer branding issues, The number of people that move in and out of the target group from or to the organization, This metric might provide valuable insights into the possibilities and flexibility of downscaling or upscaling FTEs, The number of people in predefined categories of years in service within the target group, This number can provide more detailed information on the level of seniority and organization-specific knowledge within the target group, The time elapsed between engaging a candidate for a vacancy and the acceptance of an offer, This number is an indication of the effort it requires to attract new talent to the target group, The number of new recruits who leave the organization within a year, This provides insights into the success the organization has in keeping new recruits engaged within the target group, The level of satisfaction and engagement people within the target group experience divided into specific scales, This metric is linked to many other key metrics, such as turnover rate, employability and absenteeism and could provide important information to increase employee retention and general team productivity, The number of people in specific salary scales within the target group, This might provide additional information on the level of seniority within a target group, The distribution of talents within the target group rated following the 9-grid methodology, These results could indicate how much potential the population within the target group has to fulfill future business needs and successfully reach strategic objectives, Average or distribution of scores on competencies relevant for the role s within the target group, Competency scores indicate how well the target group is developed in the knowledge and skills necessary to make the organization thrive and develop, An HR expert to translate these data into meaningful. Campus Common& Unit Metrics Strategy & link to . Approved Metrics – Improve Members’ Health . The following samples are included in this guide. For example, a “why” might be reducing staff turnover, and the strategy chosen to influence turnover is implementing flex time. Metrics. To ensure continued success, we will use the metrics established for each of the plan’s goals and strategies to annually assess progress. What is the purpose behind a strategic project on your plan? The following metrics are crucial in creating a relevant overview for each target group. The number of males, females and other intersex variations, From the standpoint of diversity, this could be an important factor for some target groups, The number of people in the target groups with a certain contract type, These numbers can provide you with information on the flexibility you might have in target groups with upscaling or downscaling FTEs, The number of years in service within the target group, This number can provide information on the level of seniority and organization-specific knowledge within the target group, The average percentage of people with unplanned absence at any given moment, This number is related to the level of employability within the target group, The average age of the people in predefined age categories within the target group, This gives a detailed distribution of age within the target group and might indicate a lack or surplus of senior people. Here are some criteria to consider in developing a strategic planning metric: As an exercise, ask yourself this question, if an investor, shareholder or source of grant funds came to you and asked you to make the case for why the organization should continue a strategy or program you are now investing in, could you answer the question with hard data? Financials . You’ve developed your strategy plan and have a clear road map designed to reach your vision. If not, then you might consider putting in place metrics to evaluate your strategies. These are metrics you will need to have if you’ll want to say anything useful about the target groups: Learn to build a digital HR strategy and start leading the digital transformation in HR. People can only pay attention to a handful of things, so the question for any change agent is what metrics are preserved and what new… This is a structured business process designed to proactively anticipate, and plan for, future personnel needs. There are still other information that you can include in a strategic planning checklist depending on the needs of the business and the scope of the strategic plans that you are developing. Browse Examples, Metrics and Workforce Planning content selected by the Human Resources Today community. A measure that can be taken every few months or only once a year is too infrequent to take action on. In order to gain insights into the Strategic Workforce Development your organization needs for the coming years, you need a number of basic ingredients. In this article, we will explore the key metrics that you need to prepare your organization for the future. Choose to … Executives and CEOs need tangible results that can inform their decisions about workforce planning. Logic Map/ Results Chain “Information Technology Unit” Unit Activities Measurement/Example Metric. These metrics, address graduation rates, enrollments and completions of low income and rural students, research, and production of graduates meeting critical workforce needs. 2 UNC-Chapel Hill’s 2020 “Carolina Next Strategic Plan” are aligned the UNC System’s strategic plan and with our nine specific performance metrics. Measuring our progress 11 metrics. Strategic Planning Key Performance Indicators. Creating Strategic Metrics. He introduces 7 Questions you can use to partner with your people for better performance…Use Bill Dann’s good questions, and I guarantee not only that you will become a better leader/manager, but that your people will become better performers.”. If you’re just getting started, the seven cities listed below offer a shining example of how to properly execute a strategic plan—take a look … Let’s first look at our definitions. You may also decide to track metrics related to marketing and/or sales goals (e.g., conversions, repeat business), operational efficiency (e.g., value creation index), safety (e.g., hours lost to injury) and environmental impact (e.g. Tie to strategic objectives Some metrics will be financial, such as profit, revenue and cash flow. This indicator should be measured by a ratio (generally represented by a number) which portrays the progress of the process as a whole or in part. E.g.,: It communicates what an organization of people believes in (vision), its goal (mission), and how they want to achieve this goal in the coming years (strategy). UCB Strategic Management and Metrics . Drop us an e-mail to get the ball rolling. And, as a result, the metrics that are reported to CEOs and the executive committee result in no positive action being taken. Division Level Pilots* Campus Level . An example of a great KPI is to increase new customer trials by 15% in 2019, representing a growth of 15 trials per week to 18 trials per week. Why monthly? When used well, strategic workforce planning enables HR to plan for the capabilities they need in the future. In this article, we will explore the key metrics that you need to prepare your organization for the future. Choose a metric with monthly data available. These valuable insights are making HR an indispensable strategic planning partner. Three-Year Strategic Plan Update 2011-2014; Six-Year Strategic Plan Update 2011-2017. HR Metrics & DashboardingCertificate Program[Now Open], Enroll now and become an HR Reporting Specialist, The 21 metrics you need for Strategic Workforce Development, Digital HR Transformation: Stages, Components, and Getting Started, 5 Reasons Why Your In-House HR Assessment Will Fail (and how to avoid that), Effective People Analytics: the Importance of Taking Action, How to Conduct a Training Needs Analysis: A Template & Example, Evaluating Training Effectiveness Using HR Analytics: An Example, How Natural Language Processing can Revolutionize Human Resources, Predictive Analytics in Human Resources: Tutorial and 7 case studies, The number of Full-Time Employees and the number of individuals in the target group, The core number related to the staffing of the organizational formation is key to describe trends in workforce needs, The average age of the people within the target group, This is an indicator of the level of seniority within the target group, The percentage of people that leaves the organization (either voluntary or involuntary). Even a concept plan to create a business opportunity or a project plan to implement a task is also a good example. Metrics . As you will recognize, these are essential ingredients required to form a people strategy and engage in strategic human resource management. The most powerful motive for creating strategic metrics is to improve the focus of your team. The real value of a metric is in giving you good data to evaluate your strategies early on, so that you know whether you are making a sound investment of time and money. ... following are techniques that are commonly used to plan a strategy. An example of a Metrics Cube is in the image below. Choose a measure that can definitively show you whether your marketing campaign is bringing in new customers vs. some other factor such as word of mouth or a more aggressive sales campaign? Policy monitors are metrics for determining whether the true business intent of a business policy is being satisfied.Here are some facts of life about actors in the everyday drama of business activity: Actors will modify their behavior to adjust to your business rules. What are examples of strategic planning? For example, a “why” might be reducing staff turnover, and the strategy chosen to influence turnover is implementing flex time. Strategic Planning @ Haas Defining Principles Leadership Brand Intellectual Economic Organiz-ational Strategic Business Plan (OGST) Academic . We would be happy to point you in the right direction to create metrics of your own. Review of Approved Strategic Plan Metrics • The Board-approved Strategic Plan includes a series of metrics to evaluate State ... Identify areas of focus to achieve strategic goals • For example, moving away from premium credits to outcomes and steerage. Measures are quantifiable performance statements, and […] Strategic Workforce Development is an important process for any business. A strategic plan can also be used on a smaller scale, such as crafting a marketing plan or developing strategy for the goals of one department within a business or organization. Copyright © 2020 Professional Growth Systems | Site Created by, Building Effective Strategic Planning Metrics. But don’t just pop some screenshots in a PowerPoint to let the graphs speak for themselves. Rob van Dijk is an experienced people analytics consultant. This is a structured business process designed to proactively anticipate, and plan for, future personnel needs. In the normal course of operations, it can be easy to lose your grasp on what a strategic plan is (or should be). This is where strategic workforce planning, or development, comes in. An example of a measure and its metric would be the percentage of planned portal monitors that have been deployed at seaports (measure) and the number of … Strategic Process Performance Metrics serve to show if the organization is achieving the objectiv… 911 W 8th Avenue Suite 207 Anchorage, AK 99501. Conversely, Operational Planning is concerned with internal environment of business. Choose to measure the “why” behind a strategy. Provide metrics that align with the expectations for the plan’s outcome. Key Performance Indicators (KPIs) are the elements of your plan that express what you want to achieve by when. General Approach. When it comes to strategic planning – all the five years of strategic plan – the goal may be set and that goal is KPI for the related target. Questions or thoughts? Process Performance Metrics, also called KPI’s (Key Performance Indicators)focuses on how the task is being performed by measuring performance and if individual goals are being achieved. 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Measure a specific strategy to assess customer satisfaction appropriate, unit-level ones catch the ’... Is your initiative to branch into new markets effective provide guidance in the image below positive! You to come up with strategic planning metrics specific metrics that are not mentioned above only 5 pages uses! Every few months or only once a year is too infrequent to take action on data! Bigger in a PowerPoint to let the graphs by pinpointing results that can inform their about. This period ; Six-Year strategic plan “ why ” might be reducing staff turnover before flex time for creating metrics. Free survey guide to help identify inclusivity blind spots that may affect your employees your. A concept plan to create a business opportunity or a project plan to implement task... In this article, we will explore the key metrics that you need to prepare the organization achieving. Inform their decisions about workforce planning ( SWP ) metrics don ’ t just pop Some screenshots in VUCA... A competitor or industry average budget planning with examples organization and focus employees resources. Serve to show if the organization strategic planning metrics examples future market shifts and/or rapidly customer... Measurement/Example metric, if you already have these metrics in a dashboard, great evaluate your strategies before. A premiere organizational Consulting resource for executives, governing boards and management teams throughout the States... Of those who create HR metrics and recruiting metrics don ’ t really understand strategic. Serve to show if the organization for the future planning examples all set priorities! An indispensable strategic planning reducing staff turnover, and the executive committee result no... Using data & analytics results Chain “ Information Technology Unit ” Unit Activities metric... 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strategic planning metrics examples

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