• Find your HR website
    • Australia
    • Germany
    • Hong Kong
    • Singapore
    • Thailand
    • United Kingdom
    • United States
Alight Get Started
Alight
  • Solutions

    What’s new Health Administration Solutions Wealth Administration Solutions Payroll Administration Engagement and Communications HCM and Financial Management
     

    What’s new

    Alight Total Health Alight AMS as a Service

    To unlock and create growth

    Integrated solutions designed for enterprise-wide results. These offerings make the most of your investments in both technology and people.

    Health Administration |
    Employer Solutions

    Health Benefits Administration Healthcare Navigation Reimbursement Solutions Dependent Verification Services Compliance

    To better wellbeing

    Solutions to help employees and employers choose, use and manage their health benefits.

    Wealth Administration |
    Employer Solutions

    Defined Benefit Administration Defined Contribution Administration WealthSpark™ Managed Accounts & Advisory Self Directed Brokerage Pension De-riskingAlight Financial Path

    To build a future

    Solutions to help employees and employers choose, use and manage their wealth benefits.

    Payroll Administration |
    Employer Solutions

    Cloud HCM and Payroll Administration Global Payroll

    To keep spend in shape

    Solutions to administer, optimize and scale your payroll.

    Engagement and Communications |
    Employer Solutions

    Benefits Guidance Hyper-personalization Communications Consulting UPoint® and Digital Innovation Research

    To spark interest

    Solutions to create a more memorable employee experience.

    HCM and Financial Management |
    Professional Services

    HCM Cloud Advisory HCM Cloud Deployment HCM Application Management Services (AMS) Financial Cloud Advisory Financial Cloud Deployment Financial Application Management Services (AMS) Workday Adaptive Planning Implementation

    To keep things running smoothly

    Solutions to better manage your workforce from the cloud.

  • INSIGHTS

    Explore Insights Latest Insights
     
    Categories Topics Function

    CATEGORIES

    Health Wealth HR Financial Management HCM SEE ALL

    FEATURED INSIGHTS

    Finance is moving to the Cloud ...are you ready?

    Read More

    The Advantages for Health Saving Accounts (HSAs): Employees find balance between health and wealth

    Read More

    TOPICS

    Alight Research Benefits Administration Compliance, Legislation & Regulation Consumer Healthcare Education Customer Success Stories Dependent Verification Health Savings & Reimbursement Accounts Open Enrollment Payroll & Compensation Savings & Retirement Planning Workday
    SEE ALL

    FEATURED INSIGHTS

    Finance is moving to the Cloud ...are you ready?

    Read More

    The Advantages fo Health Saving Accounts (HSAs): Employees find balance between health and wealth

    Read More

    FUNCTION

    Human Resources Finance Information Technology SEE ALL

    FEATURED INSIGHTS

    Finance is moving to the Cloud ...are you ready?

    Read More

    The Advantages fo Health Saving Accounts (HSAs): Employees find balance between health and wealth

    Read More
  • EVENTS

    Explore Events

    FEATURED EVENTS

    Webinar
    Cloud transformation during disruption and change
    ON-DEMAND WEBINAR
    WATCH NOW
    Webinar
    Rethinking and activating your 2021 enrollment plan
    ON-DEMAND WEBINAR
    WATCH NOW
    Webinar
    Global payroll—now and up next
    ON-DEMAND WEBINAR
    WATCH NOW
  • WORK WITH US

     
    Our Markets Our Partnerships

    OUR MARKETS

    5K Employees Public Sector 5K - 10K Employees Brokers 10K+ Employees Europe APAC

    FEATURED CASE STUDIES

    Curtiss-Wright: Increasing utilization and satisfaction with an integrated benefits platform

    View Case Study

    Pathway Vet Alliance: Thriving in the cloud with Alight and Workday

    View Case Study

    OUR PARTNERSHIPS

    Workday SAP SuccessFactors Cornerstone OnDemand Oracle Alight Partner Network

    FEATURED CASE STUDIES

    Curtiss-Wright: Increasing utilization and satisfaction with an integrated benefits platform

    View Case Study

    Pathway Vet Alliance: Thriving in the cloud with Alight and Workday

    View Case Study
  • ABOUT US

    Our Story Leadership Team Newsroom Awards Careers

    FEATURED NEWS

    Alight’s new integrated digital solution makes managing finances easier for U.S. workers
    Read More
    Alight’s digital employee events platform provides rich, expansive user experience and optimizes engagement
    Read More
    Alight Solutions and Foley Trasimene Acquisition Corp. Announce Merger
    Read More
Find your HR website
Get started
  • Australia
  • Germany
  • Hong Kong
  • Singapore
  • Thailand
  • United Kingdom
  • United States
Home
Research & Insights
Workforce planning trends: A strategic partnership for Finance and HR

Workforce planning trends: A strategic partnership for Finance and HR


Why follow workforce planning trends? And why should this function be coordinated between Finance and HR? In successful organizations, Finance and HR collaborate closely on workforce planning. They depend on each other to align resources and skillsets with strategic business goals and ensure the plan is in line with the budget. Because the workforce is typically the largest driver of cost, and in many cases, revenue, it’s critically important that Finance and HR teams actively manage workforce plans that set the stage for future success.

Here are five top trends shaping workforce planning:

  

1. Workforce planning is a fusion of process, culture, and technology

The process needs to be efficient, streamlined, and as automated as possible, so it’s up-to-date, accurate, and not overly time-consuming. Culture should be one of collaboration, with both teams able to “speak the language” of each other’s domain while being in sync with the overall business needs that drive investment. 

Most importantly, technology is the “great enabler” that allows continuous, active workforce planning processes. It employs key cost and success drivers, combined with analytics, that measure performance to plan.  Alignment is achieved when these functions operate in a seamless fashion to accomplish strategic goals.

 

2. Workforce planning should focus on employee experience

Finance can analyze human capital data to determine how employees are contributing to both the organization’s top and bottom-line. Working from integrated models, HR can strategically allocate resources, hire the right people at the right time, start programs that nurture talent, and more, to ultimately elevate the employee experience. Additionally, both teams ensure that investments are effectively allocated to create the best workforce mix. 

  

3. Cultures of collaboration – Workforce planning is made for teamwork

Teams that plan together, go further together. Workforce planning is made for teamwork between Finance and HR. Cross-functional insights are necessary to detect connections and to understand the effects of specific actions on other areas of the business. As Finance and HR departments form strategic partnerships, they can work together to analyze dynamic workforce plans, with real-time data, that inform strategic decision-making.
When Finance and HR are empowered with collaborative processes, cultures, and technologies, they can plan for an optimized organization positioned for success.  

  

4. Business agility achieved through workforce planning automation

For modern cloud-based technology, it’s all about the user experience. As software systems learn what humans need, they’re becoming more intuitive, using advanced algorithms to perform functions automatically without programming.

Likewise, this cloud-based technology uses machine learning to be more in tune with the needs of Finance and HR. It’s very responsive, carrying out complex functions with several clicks of the mouse. This ease-of-use translates into greater productivity and profitability.
To stay agile today, the need for faster insights is stronger than ever. Automation handles previously manual work itself, so Finance and HR now have time to focus on higher-level, strategic workforce analysis.

  

5. Service-driven financial technology is key for workforce planning

Because business is all about people, innovations for Finance and HR are increasingly service-driven and will continue to be in the years ahead. They have the human element that gives a personalized, more intelligent employee experience designed to improve efficiency, knowledge sharing, and collaboration with your workforce.

This is especially the case with SaaS financial systems. When software is complemented with personalized service, organizations get the all-in-one solution that creates better ways for people to work and drives greater business value.

  

Workforce planning trends: Planning for people

In developing plans for your workforce, people are at the center. Finance and HR focus on the moments that matter to employees. When Finance and HR plan for people, they respond with agility to employee well-being. As people thrive in the workplace, they can work together toward a bright future.

Want to learn about how Alight can help your organization take workforce planning to the next level?
Let's talk
Related Tags
Financial Management HCM
Alight on Video Series
2020 trends for finance, HR and payroll
Our panel of Alight experts shared insights on what we expect in 2020. We also revealed the top tips for proactively preparing your teams and identifying opportunities for the future.
Watch now
Related Content
Article
How do companies successfully place employees at the center? The answer lies in the data. →
Employee-centric platforms can connect the dots between people, work and life to navigate choices, drive smarter decisions and create impactful experiences.
Financial Management
Human Resources
Insights
Back to growth: Start by cutting preventable losses →
By eliminating payroll leakage, the CFO can go from being challenged by it to cost-saving champion.
Financial Management
Payroll & Compensation
Technology
Article
The healthcare backlog is a $52B problem →
The backlog in unaddressed care will cause a surge in demand that will hit the health care system quickly and inefficiently.
Financial Management
Health
Benefits Administration
Article
5 key considerations to Release Management success →
Tips that can help both functional business owners and IT admins and leaders avoid the most common pitfalls when managing Workday feature releases.
HCM
Financial Management
Workday

Resources

  • Talk to sales
  • Find your HR website
  • Careers
  • Legacy Resources

Connect with Us

  • LinkedIn
  • Twitter
  • Facebook
  • YouTube
  • Instagram

  • Office Directory
  • Terms and Conditions
  • Privacy Policy
  • Cookie Policy
Alight

© 2021 Alight®. All rights reserved.