[BCM] [MOM] [E3] [BIA] [T1] [CBF] [5] Policy Formulation and Strategic Manpower Planning

Sub-CBF Code

Sub-CBF

Description of Sub-CBF

Business Unit Minimum Business Continuity Objective (MBCO)

5.1

Environmental Scanning & Labour Market Analysis

The analysis of economic, demographic, and social trends to identify current and future labour market demands, opportunities, and challenges.

Ensure that key data on labour market trends are accessible, so that workforce strategies can be adjusted and effective in crisis situations.

5.2

Policy Development & Formulation

The creation of policies aimed at addressing manpower needs and trends, including legislative changes, labour laws, and workforce development strategies.

Enable continuity of policy development processes to support the government’s human resource planning goals, even during disruptions.

5.3

Strategic Workforce Planning & Scenario Modelling

Developing long-term workforce strategies through scenario planning to address future skills requirements, resource gaps, and workforce distribution.

Ensure that staff adapt to new challenges and evolving workforce needs during changing workforce needs in the face of a crisis.

5.4

Stakeholder Engagement & Consultation

Engaging key stakeholders (e.g., employers, trade unions, and education institutions) to gather input and support for workforce planning and policy development.

Maintain key stakeholder relationships and communication channels to facilitate decision-making, even during emergencies.

5.5

Policy Implementation Planning

Creating actionable plans for implementing new policies and strategies, with clear timelines, resources, and responsibilities.

Guarantee that policy implementation efforts can be quickly re-adjusted or paused to ensure critical initiatives are prioritized in a crisis.

5.6

Monitoring, Evaluation & Feedback Loops

Continuous tracking of policy performance and workforce strategy impact, adjusting based on feedback and evolving needs of the labour market.

Ensure data collection, monitoring, and evaluation efforts continue to support evidence-based decision-making, even during disruptions.

CBF-5.7

BCM Integration and Contingency Policies

Integrating business continuity management (BCM) into the policy formulation process to ensure resilience against disruptions and the continuation of services.

Maintain the integration of BCM into strategic workforce policies, ensuring that contingency policies and frameworks are actionable in crisis.

Sub-CBF Code

Sub-CBF

Impact Area

Financial Impact – Monetary Loss (Estimated)

Financial Impact – Calculation of Monetary Loss (State Formula for Calculations)

Impact on MBCO – Affect MBCO

Impact on MBCO – Impact

Remarks – Description

5.1

Environmental Scanning & Labour Market Analysis

Disruption to the forecasting of labour market trends

Loss in strategic alignment for policy development

Loss of revenue opportunities due to unforecasted labour market shortages

Yes

High delays in policy initiatives

Insights for future labour trends may be delayed

5.2

Policy Development & Formulation

Failure to enact timely policy changes

Loss of economic opportunity

Lack of timely policy responses causes inefficiencies in the labour market response

Yes

Medium – delayed policy response

Policy development must align with real-time data

5.3

Strategic Workforce Planning & Scenario Modelling

Impact on workforce allocation and resource optimisation

Reduced workforce productivity and increased hiring costs

Inability to adjust workforce needs to meet strategic goals

Yes

High misalignment with organisational goals

Strategy needs to evolve with market demands

5.4

Stakeholder Engagement & Consultation

Disrupted communication with key partners

Loss of partnership and support for policies

Inability to gain stakeholder buy-in, affecting policy effectiveness

Yes

Medium – policy implementation challenges

Strong relationships with stakeholders are vital for policy success

5.5

Policy Implementation Planning

Delay in executing policy directives

Operational disruptions and increased costs

Inefficient implementation of policies leads to resource wastage

Yes

High inefficiency in execution

Clear timelines and responsibilities are essential

5.6

Monitoring, Evaluation & Feedback Loops

Lack of feedback loops to adjust policies

Missed opportunities for policy improvement

Continued ineffective policies and resource misallocation

Yes

High risks in policy adaptability

Monitoring systems must be agile and responsive

5.7

BCM Integration and Contingency Policies

Breakdown in business continuity plans

Disruption to ongoing strategic initiatives

Inability to ensure policy continuity during crises

Yes

Very High – potential long-term damage

BCM integration ensures sustained policy effectiveness