ALLOCATE DEPARTMENTAL JOBS AND RESOURCES

In the context of human resource management, allocation refers to a

company’s assigning work to its employees. Allocating people can become
an issue because people are limited resources, whereas human expectations
in project planning are usually unlimited and tend to expand.

The benefits of resource allocation

The optimal resource allocation brings a lot of benefits to the business:

 Optimizes the workload of team members. A bold team setup gives an

overview of the available workforce capacity and shows how much work
can be done.
 Improves time management. Proper resource allocation helps resource
managers estimate the actual hours to complete the tasks.
 Increases employee engagement and satisfaction. A robust resource
allocation is done with people, their needs, and their talents in mind. By
finding suitable projects for people’s skills, you’ll gather a dream team of
passionate professionals who drive the company forward. That’s why,
according to TechJury and Smarp, companies with a high level of employee
engagement are more profitable by a factor of 21%.
 Eliminates project risks. Motivated team members meet deadlines more
frequently and increase their projects’ success rates. Add up the planned
team workload and refined time management system, et voilà! You’re ready
to identify risks early on in your project and manage them effectively.
 Identifies and eliminates the skills gaps. A strategic resource allocation
involves skill gap analysis, which gives insights into the company’s entire
workforce and enables to target the resources on those skills that require the
most attention for the organizational needs.
 Simplifies planning for upcoming projects. Optimal use of project resources is
key to closing the skills gap and avoiding talent shortage. Having this powerful
data in their hands, managers can efficiently steer the workforce planning
toward the company’s future business needs.
 Increases ROI. Employee rotation and upskilling are more cost-efficient than
hiring new people for every project. Suppose workplace learning and
resource management are not done consistently. In that case, resource
managers can face talent shortage and fail the project timelines, budget, or
even the project delivery altogether.
 Results in a better brand positioning. Happy team members strengthen the
employer brand in the eyes of both the customers and potential recruits.