Peter Louch - Combining AI With the 80/20 Rule for Better Workforce Planning

Send us a text Summary: Peter Louch is the Founder and CEO of Vemo, a cloud-based workforce planning and analytics technology company.  In this episode, Peter talks about how HR practitioners can use AI to solve 80% of their workforce planning efforts so they can focus on more critical tasks.  Chapters: [0:00 - 6:03] Introduction Welcome, Peter! Today’s Topic: Combining AI With the 80/20 Rule for More Efficient Workforce Planning [6:04 - 16:07] Can 80% of the workforce planning effort be automated with AI? A continuous workforce planning process allows you to always look at new data Despite operating in times of uncertainty, companies can make plans that point them in the right direction [16:08 - 27:04] How will the automation of workforce planning efforts impact the role of HR practitioners? Why “failing forward” is a great strategy Data will still need to be audited and maintained  [27:05 - 33:23] What’s on the horizon for workforce planning and people analytics? Standards and definitions for job descriptions are the current Wild West Why pay transparency generates the need for career frameworks [33:24 - 34:06] Final Thoughts & Closing How workforce planning extends beyond HR Thanks for listening! Quotes: “The idea of the 80/20 rule is that only a certain part of your organization is shifting at any given time.” “There’s no standard for what a job description is . . . everyone’s interested in skills, but one company will say they have 40 while another says they have 200,000.” Resources: VemoContact:Peter's LinkedInDavid's LinkedInPodcast Manger: Karissa HarrisEmail us!Production by Affogato Media To schedule a meeting with us: https://salary.com/hrdlconsulting For more HR Data Labs®, enjoy the HR Data Labs Brown Bag Lunch Hours every Friday at 2:00PM-2:30PM EST. Check it out here: https://hrdatalabs.com/brown-bag-lunch/ Produced by Affogato Media