Learn how to use SAP Talent Visualization by Nakisa to perform rightsizing.
SAP Talent Visualization by Nakisa (SAP TVN) complements and enhances SAP ERP HCM by providing deeper visibility into your entire talent pool, allowing you to align your workforce with business objectives. Through SAP TVN’s visual interface, you can view, update, model, and analyze your talent inventory to make informed organizational decisions.
Tough economic times present a variety of HR challenges and prompt companies to make corporate cutbacks, put cost-effective measures in place, and streamline operations while at the same time retaining key talent. With increasing pressure to contain costs and a high percentage of operating expenditures arising from compensation and benefits, one of the first places CFOs look to make cuts is people-related expenses. Reducing headcount may seem like an obvious way to save on costs; however, cutting key talent could seriously affect an organization’s ability to deliver on business goals.
A smart way to implement strategic corporate cutbacks is to enact rightsizing. This involves downsizing a company’s workforce to the point where the number of employees remaining is deemed to be the right size for the organization’s current condition.