Services
Workforce Planning
Workforce demographics are on the verge of a sweeping transformation. It stems from the convergence of two
opposing trends: falling fertility and rising longevity. The largest segment of the workforce is aging,
with fewer young workers entering the labor force.
These trends dictate that employers will soon face the same attraction and retention issues they grappled with during the late 1990s and 2000, as labor markets firm up. Severe shortages will persist in the coming decade, and effective workforce planning -- today and in the future -- will be critical to business success.
Watson Wyatt’s Workforce Planning consulting translates business strategy into human capital needs and designs solutions to ensure those needs are met. Specifically, Workforce Planning helps organizations identify gaps between staffing needs and current and projected demographics; determine the strategy for recruiting, retaining and re-deploying or retraining critical talent; and implement and monitor those strategies and solutions.
Organizations must protect their intellectual capital in this changing and highly competitive environment. Successful organizations will proactively address key talent shortages and maximize their human capital investment through effective rewards and recognition programs.
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