M1 - Employee Selection and Development
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9 Terms
What is workforce planning?
a process in which an organization attempts to estimate the demand for labor and estimate the size, nature, and sources of the supply which required to meet the demand
What is workforce planning synonymous for?
succession planning, building bench strength, human resource planning, and strategic staffing
What are the benefits of workforce planning?
provide realistic staffing projections
What are indirect benefits of workforce planning?
provide organizational members the opportunity to think about the future
What are the approaches to workforce planning?
Traditional workforce planning
Workforce analytics
Forecasting and scenario making
Human capital planning
What is job analysis?
the systematic study of tasks, duties and responsibilities of a job and the qualities needed to perform it
What are the methodologies in job analysis?
Self report
Observation
Interview
Document review
Questionnaire and surveys
What is traditional workforce planning?
this entails analyzing the supply and demand gap and creating a plan to address future staffing needs
What is Workforce Analysis?
this entails the use of supplemental quantitative analysis of the relationships between key business metrics and staffing-related variables