Faced challenges
As part of its Group vision to be a leader in science and technology, Merck Group identified selected business “must-win” areas and wanted to translate them into a tangible strategic workforce. Some of the goals were to outline future operating models for defined business, get further transparency and competitive intelligence, and evolve current skill sets. This input helped foster and inform several top Business and HR leadership discussions and decisions to shape the people dimension of Merck Group successfully.
To solve the challenges, HRForecast conducted ‘Market Intelligence’ analysis which includes following milestones:
- Competitor benchmarking
- Future workforce insights
- Future job profiles
„HRForecast’s data analytics driven approach delivers tangible value and insights to inform and shape Senior Business and HR leadership strategic workforce planning decisions.“
Alexis Saussinan, Global Head of People Analytics & Strategic Workforce Planning, Merck Group
Questions to be answered
Competitor benchmarking:
How does Merck perform compared to selected direct and indirect competitors in selected business areas? Who is shaping the industry’s future and how?
What are workforce and future skills trends in these areas?
Is Merck Group missing out on any relevant trends or skills in its strategic workforce planning approaches?
Future workforce insights:
How do new technologies and trends influence the way work will be done in the future?
What are possible future operating models for selected business areas?
Which critical roles and skills are becoming more relevant in the defined units, which ones are becoming less relevant?
Future job profiles:
How will specific critical job roles and skill profiles evolve in the short-, mid-and long-term future?
How are future skills’ requirements impacted by new technologies and trends (e.g., digitalization)?
Project approach
1. Definition of the target group
Together with Merck Group we defined the target group for the analysis based on industry and cross-industry competitors.
2. Data analytics
We collected, crawled, and analyzed the macro-economic data, providing information of the target group on job demand, skills and trends.
3. Benchmarking
We benchmarked the target group to identify recruiting and location strategies, emerging roles, skill trends and future organizational models.
4. Insights & recommendations
We translated insights into strategic and operational insights and recommendations.
Key insights & value-adds for Merck
Merck Group’s knowledge of the current and future labor market’s skills and job demands helped them translate the business objectives into a new workstyle, address skill gaps, and create workforce implementation plans.
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