Best Workforce Planning Software

Best workforce planning software includes Workday, anaplan, peoplestreme, and talentsoft. Workforce management solution is a means of creating schedules and tracking employee time and attendance.

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List of 20 Best Workforce Planning Software

Showing 1 - 20 of 43 products

Category Champions | 2024

Product Description

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factoHR is an award-winning Best HR Platform trusted by 3500 Companies & 2.6 million employees, which includes Tata Steel BSL, DENSO, Cycle Agarbatti, BSE, Murugappa, & many others who have improved their productivity by more than 70 % Read factoHR Reviews

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Emergents | 2024

A complete HR solution that improves end to end em

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Suite of human capital management applications: HR, benefits, payroll, performance and talent management, suitable for midsize and enterprise customers with 1000+ employees. Learn more about Oracle Fusion Cloud HCM

Contenders | 2024

Product Description

workday Professional Service Automation System is a cloud-based software that gives resource management, portfolio manage and project leader, and secure data & financial data. It is to manage fully workforce automation lifecycle in a system and an easy links unstaffed job opening requisitions for external fulfillment in the software. Read Workday HCM Reviews

Contenders | 2024

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SAP Success factory is an online-based HR software. It is a most suitable for small sized companies. It provides the core features of payroll, applicant tracking, onboarding, learning management, performance review, goal management, and compensation management. Read SAP SuccessFactors Reviews

Contenders | 2024

Product Description

ChartHop is a fully featured Performance Management Software designed to serve SMEs, Startup, Agencies, Enterprises. ChartHop provides end-to-end solutions designed for Web App. This Performance Management Software offers 360 Degree Feedback, Compensation Management, Competency Management, What If Scenarios at one place. Read ChartHop Reviews

Software by Anaplan

Product Description

Anaplan is a fully featured Accounting Software designed to serve Enterprises, Agencies. Anaplan provides end-to-end solutions designed for Windows. This online Accounting system offers Key Performance Indicators, Incentive Programs, Dashboard, Territory Management, Idea Management at one place. Learn more about Anaplan

Contenders | 2024

Product Description

board BI is the most effective and efficient solution for the business intelligence. Helps to advance analyze and explore the business data. Very easy to implement and can control whole the process of the enterprise. Suits for sales, marketing, supply chain, finance process. Read board Business Intelligence Reviews

Emergents | 2024

Product Description

Planful is a fully featured Enterprise Performance Management Software designed to serve Agencies, Enterprises. Planful provides end-to-end solutions. This online Enterprise Performance Management System offers Budgeting & Forecasting, Qualitative Analysis, Quantitative Analysis, Ad hoc Analysis at one place. Read Planful Reviews

Emergents | 2024

HR platform that covers entire employee lifecyle

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Emptrack is a user-friendly and easy to configure HR Platform covering the entire employee life cycle. It provides real-time visibility of data for quick decision-making and has a dedicated support desk to answer any queries. Read Empxtrack Reviews

Category Champions | 2024

The all-in-one app for managing deskless employees

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This mobile-based field service management software connects an entire team working anywhere with everyone else at low costs. Connecteam has a plethora of templates to engage employees thereby improving their productivity resulting in sales growth. Read Connecteam Reviews

Contenders | 2024

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ClearCompany - Employee Onboarding platform brings the employee welcome experience into this century and makes your job easier. Automate and track your employee onboarding process with easy deadlines and reminders for both new hires and your internal team. Read ClearCompany Reviews

Emergents | 2024

Workforce Analytics for the Modern ?Workplace

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orkforce plaUnderstand how work is completed within your team using Real-Time Employee Monitoring. Use ActivTrak to collect usage logs and screenshots from Windows, MacOS and Chrome. Learn more about ActivTrak

Emergents | 2024

Simple, powerful employee scheduling software

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Planday takes the hassle out of shift planning Give employees increased flexibility, better communication, and a better way to manage their schedule. Allow managers to spend less time on administrative tasks, communicate with their employees, and get a better business overview. Learn more about Planday

People analytics for business people

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Workforce Analytics is a fully featured Hr Analytics Software designed to serve Enterprises, SMEs. Workforce Analytics provides end-to-end solutions designed for Windows. This online Hr Analytics system offers Leave & Absence Reporting, Succession Planning, Talent Management at one place. Learn more about Visier People

Emergents | 2024

Product Description

Quinyx is a fully featured Workforce management Software designed to serve SMEs, Enterprises. Quinyx provides end-to-end solutions designed for Windows. This online Workforce management system offers Mobile Access, Skills Tracking, Labor Projection, Variable Workforce, Punch card at one place. Learn more about Quinyx

Contenders | 2024

Product Description

IBM Planning Analytics is a fully featured Enterprise Performance Management Software designed to serve Agencies, Enterprises. IBM Planning Analytics provides end-to-end solutions. This online Enterprise Performance Management System offers Budgeting & Forecasting, Qualitative Analysis, Quantitative Analysis, Ad hoc Analysis at one place. Read IBM Planning Analytics Reviews

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Oracle Hyperion is a fully featured Workforce Planning Software designed to serve Agencies, Enterprises. Oracle Hyperion provides end-to-end solutions. This online Workforce Planning System offers to Assign, Manage, Track Tasks, Integrate data, Analytics at one place. Learn more about Oracle Hyperion Workforce Planning

Contenders | 2024

Product Description

TalentSoft is cloud-based solution for talent management App. Trusted by more than 1500 customers and 8 million users in 100 countries. Supports 25 languages. It is characterizing the eventual fate of HR. Having dedicated team for enhancing cooperation between HR, directors, and workers with the sharpest, most natural and most adaptable Talent Management solution. Read Talentsoft Reviews

Category Champions | 2024

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PeopleWorks is India's top Cloud-based HCM solution which ensures better quality, business continuity and sustainability of the entire HR function. PeopleWorks is equipped with 22 advanced HR modules with strategically designed UI to redefine the entire HR department. Read PeopleWorks Reviews

Product Description

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The WorkForce Suite is a mobile first, cloud-based modern workforce management solution with integrated employee communications and collaboration capabilities for large global enterprises. Learn more about WorkForce Suite

workforce-planning-software-guide

In today's fast-paced business world, overseeing a workforce can be challenging. It gets even more complex with a large workforce and limited tools for planning and execution. Fortunately, thanks to technological progress, we now have plenty of chances to improve workforce planning and effectively handle various business tasks.

Specialized software for managing workforces has made the process much simpler. Workforce planning software is a prime example, playing a crucial role in boosting business productivity. Here, we'll understand what workforce planning tools are, how they benefit, and their important use cases.

What is Workforce Planning Software?

Workforce planning software is a specialized tool designed to assist organizations in efficiently managing their workforce. It provides features and functionalities to streamline the process of allocating human resources, ensuring that the right individuals are assigned to the right tasks. This software also aids in forecasting future labor demands based on historical data and trends, allowing companies to plan staffing levels accordingly. 

Use Cases of Workforce Planning Software

Workforce planning software has several use cases that can benefit organizations. Here are some of the prominent use cases of workforce planning software:

workforce-planning-software-use-cases-by-softwaresuggest

  1. Employee Scheduling

    One of the primary functions of workforce planning software is efficient employee scheduling. This software enables HR managers to create schedules that align with business demands and employee availability. Organizations can ensure that shifts are allocated appropriately by considering factors such as skill sets, preferences, and labor laws.

  2. Time-off Requests

    Managing employee leave requests can be a cumbersome task for any HR department. Workforce planning software simplifies this process by providing a centralized platform for employees to submit their time-off requests. Supervisors can then efficiently review and approve these requests, ensuring a balanced allocation of resources.

  3. Skill Tree Analysis

    Understanding the skill sets within an organization is crucial for effective resource allocation. Workforce planning software employs skill tree analysis, allowing employers to assess the proficiency levels of their workforce. This data aids in assigning tasks that align with individual strengths, ultimately enhancing productivity.

  4. Forecasting Labor Demands

    Accurate demand forecasting is imperative for businesses to avoid understaffing or overstaffing situations. Workforce planning software utilizes advanced algorithms and historical data to predict future labor requirements. This ensures that the organization is adequately prepared to meet its operational needs.

Which Industries Use Workforce Planning Software?

Organizations across various industries have turned to workforce planning software to streamline operations and enhance productivity. Here are specific sectors where this invaluable tool finds its applications:

industries-that-use-workforce-planning-software-by-softwaresuggest

  1. Corporate Enterprises

    With their intricate organizational structures and multifaceted workforce, large corporate enterprises stand to gain immensely from implementing workforce planning software. This technology allows HR professionals to analyze current staffing levels, identify skills gaps, and forecast future talent needs.

  2. Healthcare

    In the fast-paced healthcare environment, efficient workforce management is crucial for delivering quality patient care. Workforce planning software enables healthcare institutions to align staffing levels with patient demand, ensuring enough qualified professionals are available at all times. It also helps manage shifts, leaves, and certifications for healthcare workers.

  3. Manufacturing and Industry

    The manufacturing and industrial sectors often operate on tight production schedules. Workforce planning software is critical in managing labor resources to meet production targets. Analyzing skill sets and availability ensures that the right workers are assigned to specific tasks. This leads to increased productivity and reduced downtime.

  4. Financial Services

    Workforce planning software enables financial institutions to analyze their workforce data in real time. This empowers them to make strategic decisions regarding talent acquisition, succession planning, and workforce development. Financial services organizations can adapt swiftly to market changes by having a well-prepared workforce.

  5. Construction and Engineering

    The construction and engineering industry, characterized by project-based work, relies on workforce planning software to orchestrate teams efficiently. By aligning skill sets with project requirements, firms in this sector can ensure that projects are completed on time and within budget. This leads to higher client satisfaction and a stronger competitive edge.

 Benefits of Using Workforce Planning Software

Workforce planning software has emerged as a critical tool in achieving sustainable growth and success. Here, we'll list some benefits of employing such software.

advantages-of-workforce-planning-software-by-softwaresuggest

  1. Talent Gap Identification & Planning

    Workforce planning software is pivotal in helping businesses identify and address talent gaps. Analyzing current staff capacities and future needs enables companies to plan their recruitment strategies effectively. This ensures that the right individuals are hired for the right roles, aligning skills with organizational goals.

  2. Risk Mitigation

    In the dynamic landscape of modern business, unforeseen challenges can arise. Workforce planning software provides a structured approach to mitigate talent shortages or overage risks. It allows organizations to proactively adjust their workforce, ensuring operations continue smoothly even in uncertain times.

  3. Strategic Alignment

    Effective workforce planning is a cornerstone in the foundation of strategic business growth. The software helps match employees' skills and capacities with the organization's goals. This understanding allows businesses to make wise choices about hiring, training, and where resources should be focused for upcoming projects.

  4. Enhanced Employee Engagement

    A thoughtfully planned workforce leads to employees who are more engaged and committed. When individuals find themselves in roles that resonate with their strengths and aspirations, their motivation soars. Workforce planning software is crucial in creating an environment that supports employee growth and satisfaction.

  5. Time Savings

    Simplifying workforce planning is like having an extra helping hand, saving valuable time. This empowers businesses to allocate that time towards other critical tasks. Additionally, by streamlining data collection, analysis, and reporting, resources can be directed where they are most needed.

  6. Better Communication

    Clear communication is vital for any successful organization. Workforce planning software facilitates seamless information sharing across departments. This ensures that all stakeholders are on the same page regarding staffing needs and resource allocation, fostering a collaborative work environment.

Features Offered by Workforce Planning Solutions

Workforce planning solutions are key in striking this delicate balance and offer various features that streamline operations and enhance performance. Here are some key features -

key-features-of-workforce-planning-solutions-by-softwaresuggest

  1. Scenario Modeling

    Scenario modeling is one of the key features provided by workforce planning solutions. This powerful tool allows businesses to simulate various scenarios based on different parameters. It empowers decision-makers to visualize the potential outcomes of varying staffing strategies, enabling them to make informed choices.

  2. Real-time Scheduling

    Workforce planning solutions offer real-time scheduling capabilities that revolutionize how businesses manage their staff. Through intuitive interfaces and intelligent algorithms, these solutions ensure that shifts are allocated efficiently, considering employee preferences, availability, and skill sets. This not only enhances productivity but also boosts employee satisfaction and retention.

  3. Workforce Planning and Budgeting

    Balancing workforce needs with budget constraints is an endless challenge for organizations. However, workforce planning tools address this concern by integrating robust planning and budgeting tools. Organizations can achieve a harmonious equilibrium between workforce requirements and fiscal responsibility by forecasting labor costs, optimizing resource allocation, and monitoring budgetary compliance.

  4. Talent Forecasting

    Workforce planning tools offer sophisticated talent forecasting capabilities that leverage data analytics and predictive modeling. Businesses can develop proactive hiring strategies by analyzing trends in recruitment, attrition, and skill development. This ensures a steady pipeline of skilled professionals, reducing recruitment lead times and minimizing gaps in critical roles.

Latest Market Trends in Workforce Planning Software

The workforce planning software market is expected to grow significantly in the coming years, driven by various factors. Here are some of the latest market trends in workforce planning software.

market-trends-in-workforce-planning-software-by-softwaresuggest

  1. Remote and Hybrid Workforce Planning

    Companies are progressively incorporating advanced features into their workforce planning software that place a premium on mental health and overall wellness. These encompass tools that diligently monitor workloads, provide a repository of stress-relief resources, and facilitate open and transparent communication channels.

  2. Focus on Employee Well-Being and Mental Health

    Companies are progressively incorporating advanced features into their workforce planning software that place a premium on mental health and overall wellness. These encompass tools that diligently monitor workloads, provide a repository of stress-relief resources, and facilitate open and transparent communication channels.

  3. Diversity, Equity, and Inclusion (DEI) Metrics

    Mosorkfort workforce planning software is thoughtfully engineered with a robust metrics and analytics suite that empowers organizations to methodically track and measure their progress in cultivating diversity, equity, and inclusion. This data-driven approach allows businesses to make informed and equitable recruitment, retention, and promotion decisions, thus ensuring a more inclusive and representative workforce.

  4. Integration with HR Tech Ecosystem

    Seamless integration with the broader HR technology ecosystem is another trending topic. Workforce planning software is now thoughtfully designed to function harmoniously with other critical HR tools, such as talent management systems and performance evaluation platforms. This seamless integration culminates in streamlined processes.

What is the Cost of the Workforce Planning Platform?

The cost of a workforce planning platform depends on its features and the size of the organization. Workforce management software prices vary widely. They start at around $2.50 per user per month for basic options designed for small businesses.

On the higher end, for advanced enterprise-level features and scalability, the cost can go up to $72.00 per user per month. It's important to mention that some providers offer custom pricing for a full HR suite, which is not included in this standard pricing range.

Conclusion

Workforce planning software is essential for modern organizations. It aligns skills, availability, and goals, maximizing workforce potential for business success. Moreover, it optimizes resource allocation, minimizes risks, and enhances employee engagement. In today's dynamic work landscape, this tool is pivotal for efficient human resource management.

FAQs

The core principles of workforce planning revolve around aligning organizational objectives with human resource needs. This includes predicting future staffing requirements, pinpointing critical roles, and formulating strategies for hiring, retaining, and nurturing talent.

The three stages of workforce planning typically include (1) Assessment and Analysis, where current workforce capabilities and future needs are evaluated; (2) Strategy Development, involving the creation of plans to address workforce gaps; and (3) Implementation and Monitoring, which includes executing the strategies and continually evaluating their effectiveness.

Workforce planning software offers data-based insights, allowing organizations to synchronize their workforce with business goals. It aids in recognizing skill deficiencies, planning for succession, and fine-tuning workforce deployment. This guarantees that the necessary talent is in a position to carry out the company's strategic initiatives.

Tracking and monitoring are integral to the workforce planning process as they allow organizations to assess the effectiveness of their strategies. By continuously monitoring key performance indicators and adjusting plans accordingly, businesses can ensure that their workforce remains aligned with evolving organizational goals.

Workforce planning platforms streamline HR processes by automating talent acquisition, onboarding, performance management, and succession planning tasks. This saves time and resources and enhances the overall efficiency and effectiveness of the HR function within an organization.

Khyati Sagar
By Khyati Sagar | Last Updated: January 02, 2024