Building your people budget: How finance and human resource professionals can collaborate to support workforce planning

This espisode from Drew Maginn's article emphasizes the importance of collaboration between finance and human resources for effective workforce planning. It highlights the distinct but complementary data each department brings, such as financial information (compensation, revenue) from finance and employee-related data (turnover, morale) from HR.

The episode discusses how analyzing this shared data can reveal whether an organization is understaffed or overstaffed, outlining specific indicators for each scenario.

Finally, it recommends strategies for fostering communication, data integration, and cross-training between these departments to ensure successful workforce planning that aligns with organizational needs.