Sunday, March 16, 2025

The critical role of strategic workforce planning in the age of AI - McKinsey

Forward-thinking organizations understand that talent management is a critical component of business success. S&P 500 companies that excel at maximizing their return on talent generate an astonishing 300 percent more revenue per employee compared with the median firm, McKinsey research shows. In many cases, these top performers are using strategic workforce planning (SWP) to stay ahead in the talent race, treating talent with the same rigor as managing their financial capital. Under this analytical approach, organizations don’t wait for events or the market to dictate a response. Instead, they take a three-to-five-year view, using SWP to anticipate multiple situations so that they have the right number of people with the right skills at the right time to achieve their strategic objectives.

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