Workforce Management: Why it Matters

Workforce management is the silent but strong backbone of any successful organisation, as it has the power to optimise human resources and drive operational excellence strategically.

Managing the employee lifecycle can feel like trying to find your way through a maze of scattered data and complicated processes. 

According to SHRM, 83% of HR professionals experience difficulty recruiting qualified candidates. At the same time, Millennials are expected to make up 75% of the workforce by 2030. 

Companies with effective talent management strategies are 2.2 times more likely to outperform their competitors in terms of financial performance. 

We all know how crucial HR is to overall business success, and how much it can help drive growth. But as HR professionals, we’re often bogged down by lengthy admin processes and manual tasks, preventing us from contributing to organisational development. 

As perceptions surrounding modern HR evolve, organisation leaders around the world are now starting to recognise its central role in driving strategic value within businesses. 

Let’s face it – HR feels like it’s changing faster than it’s possible to keep up. With so many transformations happening for human resources, things can get pretty overwhelming. 🤔

As we step into 2024, the employment landscape in Australia and New Zealand is predicted to undergo a huge transformation. Talent acquisition, cost management, strategic workforce planning – us HR geeks expect a lot of changes this year.