← HR Metrics·Workforce Planning
Workforce Forecast Accuracy
Accuracy of previous workforce planning forecasts
How it’s computed
1 - ABS(forecast - actual) / actual
What the evidence shows
Evidence (effect sizes, priors, validity) is syncing from Principia.
Run it on your data
This metric is computed in the People Analytics Toolbox on your own numbers. See pricing — posted, no quotes.
sources: toolbox:metrics-catalog
What the literature says
The measurement literature behind this signal — sourced, so you can defend it.
“Attracting Many Types of Contributors: Revising Workforce PlanningA more expansive perspective on who does work, and how , when , and where work is done, has numerous implications for workforce planning. Mike Smith of Randstad Sourceright observes that organizations are…”
— Workforceecosystemsmanagementonthecuttinmatch 48%
“Turnover lowers costs because employees who terminate usually are compensated at higher levels than those who replace them. In fact, because of turnover in some companies, salary programs add zero dollars to total payroll. However, the impact of turnover is generally more…”
— Compensation Benefit Designmatch 48%
“Organization Design and PlanningThe next step in the planning process is organization design and planning. Organization design and planning is a process by which tasks are defined and grouped into positions and jobs and then integrated into an organization’s structure (thus…”
— Compensation Benefit Designmatch 47%
Resources: Workforceecosystemsmanagementonthecuttin · Compensation Benefit Design