Future-proof your business
Strategic Workforce Planning (SWP) helps businesses align their workforce capabilities with future goals. By assessing skills, forecasting needs, and fostering adaptability, organisations build resilience against market uncertainties. Q5 supports clients with tailored SWP strategies, combining workforce modelling and organisational health expertise. A client example highlights enhanced talent retention and readiness.
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Rapid technological advancements, shifting market dynamics, and global uncertainty are now commonplace influences on the markets our clients operate in. Against this backdrop, having a purposeful approach to getting the right people in the right roles at the right time has never been more crucial to assure future business success. This is the essence of Strategic Workforce Planning (SWP) – a forward-looking approach that ensures organisations have the critical skills and capabilities, coupled with an optimal level of resource capacity, at a workable cost, needed to thrive in an unpredictable future.
What is a strategic workforce plan?
A Strategic Workforce Plan (SWP) is a structured way of assessing the capabilities and skills needed in the future to deliver an organisation’s strategy.
It involves forecasting future skills and capabilities needs, analysing current supply of these skills and capabilities alongside future demand, and designing interventions to address the surplus or fill the gaps.
The output is a plan that defines the right capabilities, in the right numbers, defined by a set cost envelope, to deliver the organisation’s strategic objectives.
When implemented effectively, SWP enables organisations to operate at a more strategic, future-focused level and instills a discipline of proactively building the capabilities they need, rather than reacting to gaps as they arise.
Five key steps for effective strategic workforce planning
Lyndal Hughes, Head of Q5 Australia, has shared 5 key steps for success when it comes to strategic workforce planning:
- Understand strategic goals
SWP starts with clarity on the organisation’s future direction. Are you expanding into new markets? Diversifying your product offerings? Your workforce strategy must align with these ambitions. - Assess current capabilities
Undertake a data-led evaluation of skills, roles, and demographics of your existing workforce. This provides a baseline to identify gaps and opportunities. - Scenario planning
Create multiple scenarios to anticipate challenges such as technological disruptions, economic downturns, or regulatory changes. - Prioritise adaptability
Cultivate skills that are transferable across roles and functions – such as data literacy, creativity, and critical thinking – to build a more agile and robust workforce. - Embed workforce planning in your culture
SWP isn’t a one-off exercise; it’s an ongoing discipline. At Q5, we help clients integrate workforce planning into their organisational DNA, enabling them to work proactively rather than reactively.
Why Partner with Q5?
At Q5, we specialise in helping organisations of all sizes design and implement SWP strategies that align with their strategic objectives. From analysing workforce capabilities to forecasting future needs, we support every step of the process.
Our approach seamlessly integrates robust quantitative workforce modelling with our deep expertise in organisational health. This ensures that the strategic workforce plans we develop are not only sustainable but also address the human impact within your organisation.
Client Success Story:
A food manufacturer employing over 15,000 people globally faced challenges with the quality and consistency of its talent management approach, including low employee retention rates and skill shortages in key areas.
Our Solution:
We designed and implemented a global talent management and succession planning process for ~800 senior managers, mapping critical role pipelines and identifying skills gaps. Development plans were created to address capability gaps, ensuring a stronger, future-ready workforce.
Outcome:
The organisation strengthened its talent pipeline, improved retention, and aligned its workforce capabilities with its strategic goals, positioning itself for future success.
Contact us today to start the journey towards a more resilient and dynamic workforce.
Lyndal Hughes
Managing Director of Q5 Australia and Wellbeing Expert
We are all about organisational health, which separates good organisations from the great. Whether our clients are at the top of their game (and want to remain there) or are in ‘turnaround’ mode, we all need to work on our organisational health.
Whatever the situation, be it a strategic conundrum, a market opportunity, or an operational gripe, we combine the art and science of organisational health to help our clients improve and excel.
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