The main goal of headcount planning is to determine the right number of jobs and positions required to achieve organizational goals while adhering to budget constraints. Without collaboration between HR and Finance, there are missed opportunities to effectively achieve that goal.
HR’s involvement in all the steps of headcount planning aligns key players, brings focus and clarity to the process, and gives a larger perspective to the individual steps.
Impact & Result
Conduct a strategic and effective headcount planning process that incorporates people and the financial perspective, leading to a holistic headcount plan.
Research & Tools
1. Prepare to draft a headcount plan
Identify key player responsibilities and gather data to inform the headcount plan.