I remember his frustration. He showed me the equipment he bought that promised to make his work easier. He showed me the software he bought that promised to make his salespeople more efficient. He was angry too. I had been referred to him because he needed help. He was angry, frustrated, and taking it out on me because everything he had purchased to help his business didn’t. His words still resonate with me, “I bought this $%*+, and nothing happened.” I knew part of the answer as to why. He bought something that he thought would make his business successful; he forgets that Success Comes From Actions and Not Things.
You’ve developed the five parts of your Simple Business Plan. You’ve talked them over, dissected and digested them. They are how you want them now. You aren’t done. You have to complete and execute your business plan. If you just complete it, you’ll be like many but not all businesses. You’ll have a business plan. If you execute the plan, you will be among those highly successful businesses that both complete and execute their business plan. Given the survival rate of businesses in the US, when you complete and execute your business plan, you can find yourself in that group of businesses with long term sustainable survival and growth.
How do you complete and execute your business plan?
Workforce Planning is the single best way to not only drive your talent strategy but also to support your overall business strategy. Your workforce planning strategy should not exist unless it is aligned with and supporting your overall business strategy. Building a Workforce Plan, as I have shared before, takes time, effort and knowledge. A common concern is its complexity. Is Workforce Planning Too Complex?
Let’s answer that question…
The ability to measure the success of your Workforce Plan depends on overcoming one of the 3-Challenges. That challenge is perception. Most businesses in America, even those that refer to their employees as their most valuable asset, see the workforce as a cost to be managed. Measuring the success of your workforce plan means changing that perception to one of seeing the workforce as the primary means of business growth and success. In other words, like any asset, you must care for it in a way that makes it maximize its potential. That is what we are doing here as we Measure the Workforce Plan to Ensure Maximum Potential.
Here is how…
In the Fourth Article in the Workforce Planning Series; Developing an Action Plan for your Workforce Planning involves considering its purpose. Workforce Planning is significantly more than just filling open vacancies and keeping warm bodies in positions. It involves this simple formula:
High Performing Workforce = Employees’ Knowledge + Skills + Experience + Initiative
You didn’t think you had to do math, did you? In reality, it is less math than it is understanding the relationship between different elements of Workforce Planning. The goal when Developing an Action Plan for your Workforce Planning is to achieve high performance from the workforce. Not “meets expectations” but HIGH PERFORMANCE.
How can your action plan develop HIGH PERFORMANCE from your Workforce?