Workforce Planning and Budgeting Training Courses - Dubai | Meirc
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Human Resources and Training

Workforce Planning and Budgeting

Why Attend

Workforce planning is one the most important HR processes and is necessarily linked to every other function in HR management. Yet, in spite of its importance, it is often implemented haphazardly due to organizational and market complexities. In addition to surveying the drivers for workforce planning and its key performance indicators, this course presents and elaborates on an operational model for forecasting demand and supply of employees and demonstrates how resulting gaps can be bridged with a variety of controllable staffing initiatives. Moreover, participants will have the opportunity to learn and apply the forecasting techniques that are normally used in workforce planning.

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Course Methodology

The course uses a mix of interactive techniques such as lecturettes, group activities, case studies, scenario analysis and team presentations

Course Objectives

By the end of the course, participants will be able to:
  • Define workforce planning within the context of human resources management
  • Explain how HR planning is related to the overall strategic plan of the organization
  • Identify the economic concepts of demand and supply and how they apply to the labor market
  • Apply forecasting tools to the demand and supply of different types of human resources, both in terms of quantity and quality
  • Recognize the relationship of HR planning to the staffing process
  • Describe why an understanding of the external labor market is important in workforce planning
  • Formulate staffing strategies to fill labor gaps whether shortages or surpluses
  • Apply budgeting techniques for workforce planning

Target Audience

Recruitment and workforce planning managers and specialists, HR professionals and strategy analysts with at least three years experience in workforce planning, general HR management and business partners. This course is also useful to corporate planning managers who want to make sure their strategies are implemented successfully.

Target Competencies

The course targets the following related competencies:

  • Relating and networking
  • Persuading and influencing
  • Presenting and communicating
  • Analytical thinking
  • Applying expertise and technology
  • Formulating concepts and strategies
  • Planning and organizing
  • Achieving goals and objectives
  • Overview of organizational development
    • The glue that makes an organization
    • Organizational objectives
    • Key terms in organization
    • Departmentalization
    • Mechanistic versus organic organization
    • Strategy and organizational structure
    • Choosing the right organization
    • The economics of the organization
  • Fundamentals of workforce planning
    • Workforce planning to get, keep and grow
    • Defining workforce planning
    • Strategic planning and workforce planning
    • It is all a question of demand and supply
    • Workforce planning and forecasting employee needs
    • Aims and phases of workforce planning
    • Drivers of workforce planning
    • Benefits of workforce planning
    • Keys to successful workforce planning
    • Workforce planning Key Performance Indicators (KPIs)
  • An operational model for workforce planning
    • Workforce planning analysis
    • The strategic staffing process
    • Causes of supply and demand gaps
    • Static versus dynamic workforce planning
    • Demand analysis and forecasting staffing needs
      • Trend analysis
      • Ratio analysis
      • Scatter plot
      • Zero manning methodology
    • The supply analysis phase
    • The gap analysis phase
  • Workforce formulation: application of the basic model
    • Defining required staffing gaps or surpluses
    • Defining required staffing actions
    • Producing the staffing plan
  • Beyond staffing plans
    • Using workforce planning to support management successions and development planning
    • Proactive talent management
    • Measuring staffing effectiveness and efficiency
  • Budgeting: process and approach
    • Importance of budgeting
    • Types of budgets
    • Master budget components
    • Approaches to budgeting
    • Characteristics of effective operating budgeting
    • Tools of budget estimation
    • HR budgeting
    • Cost control
      • Control systems
      • The control process
      • Variance analysis

Meirc Professional Certificate (MPC)

MPC certified courses by Meirc Training and Consulting are designed for those willing to challenge themselves and go the extra distance. Participants who fully attend an MPC course and successfully complete the test on the last day, will receive a Meirc Professional Certificate (MPC), in addition to the one they receive for attendance. MPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

MPC

HR Certification Institute (HRCI)

HR Certification Institute's® (www.HRCI.org) official seal confirms that Meirc Training & Consulting meets the criteria for pre-approved recertification credit(s) for any of HRCI’s eight credentials, including SPHR® and PHR®. By successfully completing any Meirc program which is approved by HRCI, participants will earn credit hours essential for any of HRCI’s eight credentials, including SPHR® and PHR®.

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Associations

Society for Human Resource Management(SHRM)

Meirc is recognized by the Society for Human Resources Management (SHRM) as a Recertification Provider. This recognition implies that participants who attend any of the SHRM approved programs delivered by Meirc Training & Consulting will earn a number of Professional Development Credits (PDCs) which will help them maintain their certification in SHRM-CP or SHRM-SCP.

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Associations
Per participant - 2019

USD 4,800

Per participant

USD 4,900

Fees + VAT as applicable

Tax Registration Number : 100239834300003

(including coffee breaks and a buffet lunch daily)

2020 - Location & Date

29 Nov - 3 Dec, 2020
Dubai
English
Kempinski / Mall of the Emirates         
Meirc reserves the right to alter dates, content, venue and trainer.

2021 - Location & Date

27 Jun - 1 Jul, 2021
Dubai
Arabic
28 Nov - 2 Dec, 2021
Dubai
English
Meirc reserves the right to alter dates, content, venue and trainer.

This course is currently unscheduled in Virtual Learning.

Request this course as Virtual Learning