How a Fortune 50 Insurance Giant Built Internal SWP Capability with eQ8
About the Company
With 153 years of experience, the organization is a leading innovator and a recognized leader in protection planning and retirement and savings solutions around the world. The organization serves over 90 million customers in 60 countries globally.
Use Cases: Retirement Planning
Objectives & Challenges
Facing the reality of changing customer expectations, the organization identified Strategic Workforce Planning as the best vehicle to align business leaders and departments in their goal of transforming the business. With a lack of SWP experience and a limited team to drive this new capability, the organization needed an easy-to-use tool that would simplify the SWP process and still provide them with all the data and insights they'd need to make informed decisions.
Operations in 40 countries
Limited internal SWP knowledge/capability
Lack of actionable data
Inability to see future workforce needs
When looking for a technology solution to support the need for strategic workforce planning, it was crucial that the technology supported modeling different scenarios in order for the organization to more accurately assess the present and plan for the future.
The ability to identify gaps in skills and predict the current supply vs the future demand for them was also of vital importance. Finally, the technology needed to go one step beyond identifying these gaps and create action plans for remediating them.
Dynamic Scenario Planning
See the current workforce forecast as well as views of different possible futures so you can be prepared - no matter what.
Skills-Based Demand Planning
Understand the skills your organization needs to meet its future goals, the current skills landscape, and the impact of any skill gaps to the org's long-term future
In-House Action Plans
Data-backed action plans owned by your org to narrow down what you could be doing to what you should be doing. No consultant required.
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