by Peter Cappelli
Next year seems like a long way off, but it’s not too soon to start planning for your 2015 HR budget request. When you start projecting costs for next year, how will you know how many employees your organization will need?
If your company is like most, you won’t. But you should. Or you should at least have a pretty good estimate, based on both your organization’s staffing history and its anticipated projects.
Uncertainty, wild guesses
The problem that companies have is uncertainty. Businesses find it extremely hard to plan where they’re going to be even a year out. They’re uncertain whether they will need more or fewer employees, and whether those people will come from within or from outside their organizations.
In fact, most organizations simply guess at both, and they’re usually wrong. When you’re wrong or unprepared, you pay far more than you should.
If you don’t have enough employees to do the work, you...(register to read more)