Aside from a currently hard-to-navigate hiring market, what's standing between you and your recruiting goals?
Headcount planning is more than estimating how many open positions you’ll need to fill. In today’s complex market, 44% of organizations cite concerns over a tight labor market as a reason for increased salary budgets, yet companies are “hiring” and “laying off” simultaneously. This complexity is reflected in recent data: 31% of organizations changed their budgets due to anticipated recession or weaker financial results.
What does this mean? For starters, we are in one of the most confusing hiring markets in recent memory. On the other hand, HR leaders need to consider if their current resources will help them reach their goals or if they’ll need extra support.
From current team size and turnover to succession planning and expecting the unexpected — are you prepared? With organizations reporting that Strategic Workforce Planning (SWP) initiatives generate cost savings of an average of 10% of their annual labor budget, having the right recruiting resources in place is more critical than ever. Leverage our recruiting resource calculator to see if your current team has the capacity to make your hiring goals happen.
Calculate your recruiting team’s bandwidth with our quiz and get access to our FREE Headcount Planning Diagnostic Workbook.