Vanguard Predictive Planning™ for Workforce
Optimized workforce planning
Effective workforce planning requires support for both tactical and strategic plans. Whether you need to forecast your workforce needs over the next five years or the next five months, Vanguard Predictive Planning is the optimal solution. Vanguard combines market-leading analytics to provide the most accurate forecast available, along with the ability to:
- Model planned hires, transfers, and attrition
- Model unlimited what-if scenarios and perform Monte Carlo simulations to see the impact of your drivers
- Control drivers centrally or in a distributed fashion for a truly unified planning environment
Planning in silos is an archaic approach to workforce planning that is often necessitated by limited technology. With Vanguard Predictive Planning, collaborative planning is native and fostered from the start. Leveraging a market-leading collaboration portal, users can do more than just comment – they can take action. Users can compare plans to actuals and act immediately if needed. Further analysis is available to close and identify any talent gaps and evaluate costs to the organization.
An Integrated Business Planning (IBP) platform, Vanguard Predictive Planning for workforce planning helps organizations implement hiring and workforce development practices that best support long-term strategic business goals. This requires a thorough and data-supported understanding – both quantitative and qualitative – of current and projected talent needs.
Vanguard Predictive Planning for Workforce Planning integrates with your HR or payroll system to bring live data into an easy-to-use interface. Our platform’s statistical engine gives non-technical business users the power of advanced-analytic modeling and simulation.
HR and line-of-business hiring managers can automate what-if scenario planning and analyses, factoring-in workforce roles, experience, demographics, performance ratings, training, salaries, or any other relevant criteria. They can also engage in evidence-based approaches to workforce development, applying predictive analytics to various other data to more accurately predict and plan for future needs.
Ultimately, enhanced planning and operations improve outcomes across human capital management initiatives:
- Align finance, HR, and operations on a single platform
- Optimize recruiting, training, and compensation practices and policies
- Increase workforce productivity
- Improve retention and reduce turnover
- Automate forecasting of labor costs and other metrics
- Lower planning and forecasting costs and increase forecast accuracy
- Utilize position budgeting
“Billions [of dollars] in operating margin and trillions in market capitalization separate supply chain winners from losers,” according to AMR Research. With Vanguard Predictive Planning™, best-in-class planners see:
Reduction in inventory
Increase in perfect-order fulfillment (complete, accurate, and on time)
Shorter cash-to-cash cycle times
Fewer stock-outs than competitors