Implementing Cost-based Workforce Planning for Better Results with Salvador Malo, Head of Global Workforce Analytics, Ericsson
Ahead of the Summit, we sat down with keynote speaker Salvador Malo, Head of Global Workforce Analytics at Ericsson, to discuss the benefits of implementing a cost-based workforce planning model, how the role of workforce planning in HR will evolve in the next five years and more.
Business decisions are supposed to rely on expected financial returns. However, one of the main drivers of financial returns (the cost of a company’s workforce) is often poorly predicted,leading to cycles of hurried recruitment and mass layoffs. One of the key reasons is the habit of conducting workforce planning based on headcount, where costs are either an afterthought or based on misleading averages. Ericsson has broken this pattern with a cost-of-workforce model that allows real time scenario building and shows future changes in the workforce as changes versus current costs.
Please note: That all fields marked with an asterisk (*) are required.