Frequently Asked Questions About Workforce Development
Why develop a workforce development strategy specifically for our company?
Some of the benefits of a robust internal workforce development strategy include:
- Reduced turnover and the costs associated with hiring
- Improved customer service
- Gained efficiencies and effectiveness
A stable and dedicated workforce that has grown alongside the company can help create new products and ideas because they understand its past and potential. It can also result in lower recruitment costs when you do need to grow your team. Then there's the potential of lower liability costs, more efficient use of training dollars, increased potential for business expansion, and more.
We have always just relied on the traditional workforce development system. Why should we change now?
You've probably heard the adage, "The one constant in life is change". The labor markets have changed; many of the ways we do business have changed. The old thinking about hiring and training workers no longer matches the requirements of most companies today.
With the skills gap so evident and the looming retirement of so many of our workers, companies are forced to adopt new processes for attracting and retaining talent. It is more and more challenging to hire the exact talent needed when it is required. Companies that don't develop a workforce strategy that supports their overall business goals leave a critical success element un-managed. Unpredictable market conditions and other factors that impact businesses also impact Workforce Development.
Isn't workforce development the human resource department's job?
Your HR team is essential. They take the point regarding rules, regulations, recruitment, benefits, arranging training, and much more. A workforce development strategy includes:
- Building an engaging company culture.
- Developing training initiatives that match both the company and the workers' needs.
- Positioning the company well within the community for recruiting efforts.
It involves the process of evaluating current workforce needs as well as future workforce needs. A plan of attracting and retaining talent provides an organization a lead on achieving its strategic goals.
What is involved in implementing a workforce development strategy?
That will depend on your organization's situation, plans, and goals. Each company is unique, so no two strategies will be the same. Things that will influence your strategy will be the specific level of Workforce you need to focus on, the types of development efforts required, and the timing involved. Ultimately the workforce development strategy should align with the overall business strategy.
Why choose Impact Washington for your leadership training?
Impact Washington works with your leadership team and develops their capabilities while working with them in and on your business. Rather than sending your team out to get formal leadership training, we help build their capacity to lead in the context of their real workplace challenges.
What can the Impact Washington Businesses Assessment tell us our Workforce that we don’t already know?
The Assessment looks at the significant aspects of an organization's business holistically while evaluating your specific workforce development efforts. As a review, it looks at all of these aspects side-by-side and identifies possible gaps and opportunities. The Assessment may well turn out to validate what you already know; it may also identify areas that need attention.
Take your Workforce Development strategy to the next level; contact Impact Washington to work with one of our Workforce Solutions Advisors.