Total Workforce Management
A Total Workforce Management System, the technology behind a successful and effective TWM strategy, integrates both an organization’s full-time and contingent workforce to drive these decisions – breaking the traditional barriers between permanent and non-permanent workers. Total Workforce Management (TWM) or Total Talent Management is an emerging workforce strategy that gives employers the ability to make better data-driven decisions about which type of resource is most appropriate for their business needs. A Total Workforce Management System is an integrated software platform that supports core talent management processes of both full-time employees and contingent workers. This includes recruitment, onboarding, performance management, learning and professional development, remuneration management, and succession planning.
What does a Total Workforce Management Strategy give you?
Ability to increase worker inclusion, visibility, and engagement Capturing all workers in a single system provides access to coherent organizational charts and a complete worker directory – so even temporary labor can be seen in context with the larger organization. Letting external workers see how they fit into your business will drive increased engagement, for example by including them in org charts leading to inclusion in company-wide communications. Tools to build an optimized Workforce Building an optimized workforce begins with understanding who is doing the work and their effectiveness. Without this view, it is much more difficult to identify areas of need and create a complete workforce strategy. With an end-to-end view of your organization, you can look for inefficiencies and redundant projects. You will understand the full picture of both the responsibilities of your external workforce and the projects they are assigned to. Tracking for training and certifications Organizations need to ensure that employees and external workers have the correct training and certifications to perform their work. Creating a centralized view of this information for both employees and external workers makes it possible to monitor and identify gaps or when recertification is needed. Actionable insights from a total workforce view A good analysis starts with complete information. A Total Workforce Management strategy means your organization has dashboards to give them a complete view of the entire workforce.
Total Workforce Management Guide.
Any executive that takes a short peek outside of the four walls of their business will notice something astounding: founded on innovative talent engagement methods, the world of work has evolved in just a short period. New demand for talent, along with the fading of archaic recruitment strategies and the rise of real-time talent engagement, have revolutionized nearly every facet of work within the modern business: • Jobseeker behavior, now more than ever, is changing to reflect the desire for a more flexible lifestyle that promotes entrepreneurship. • Online talent platforms and digital staffing outlets (as well as social networks) have transformed how talent is found and engaged. • Everything, from data and intelligence to process delivery, is expected on-demand within the average business…and talent engagement is following suit. • Mobility and mobile applications are taking their cue from the consumer world and expanding into the business realm. • Skillsets and expertise, not cost, have become the top requirements for new talent. • Management of an increasingly strategic element of business (the contingent workforce) has had to evolve such that the “great divide” between organizational functions like procurement and human resources/human capital is starting to fade. More and more businesses understand that all talent, regardless of its source, must be managed under a standardized and centralized program that promotes visibility, skillset alignment, adherence to budget, real-time engagement, and an open network that can be tapped for talent in an on-demand manner.