As companies begin to grow and gain success, it can be difficult to anticipate what positions they’ll need to add in order to sustain their growth. This is where being proactive about planning your growth comes in. The companies that are behind the curve are often identifying their needs too late, once a large problem has presented itself and then are rushed to find someone to bring in a solution and get them back on track. As you can imagine, this can totally derail growth and stall forward movement.

So what does Human Capital Planning entail?

Human Capital Planning is an incredibly important part of running an organization because it has a huge impact on a business by aligning actions with best practices. It is directly correlated with the income a business can generate. As such, it shouldn’t be left to HR Departments unless they have significant experience in it.

Human Capital Planning is a true leadership involved function and requires that the company be willing to put significant time and effort into investing into their growth and working toward their future goals.