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 these into tangible strategic workforce plans to be executed upon. Sharpening Merck Group’s knowledge of the current and future labor market’s skills and jobs demands helped these selected businesses to translate their strategic business objectives into demands for new ways of working, associated new or evolving critical roles required and clear strategic workforce implementation plans to be supplied upon. Some of the labor market analyses’ goals were to outline future operating models for defined business areas based on external data analysis and market best practices, get further transparency and competitive intelligence on selected direct/indirect competitors’ activities and skills’ landscape evolutions. This input helped foster and inform several top Business and HR leadership discussions and decisions to successfully shape the people dimension of Merck Group.
To solve the challenges, HRForecast conducted ‘Market Intelligence’ analysis which includes following milestones:
- Competitor benchmarking
- Future workforce insights
- Future job profiles