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Forecasting
top portion, HR professionals tries to determine the supply of and demand of various types of human resources
trend analysis
constructing and applying statistical models that predict labor demand for the next year based off statistics from the previous year
leading indicators
objective measures that accurately predict future labor demand
Transitional matrix
chart that lists job categories held in one period and shows the porportion of employees in each of those job categories in a future period
Downsizing
planned elimination of large numbers of personnel with the goal of enhancing the organizations competitiveness
Outsourcing
contracting with another organization to perform a broad set of services
recruiting
encouraging qualified people to apply for jobs
selection
determining which canidates would be the best fit
Personnel policies
its decisions about how it will carry out human resource management
due process policies
formally lay out the steps an employee may take to appeal an employers decision to terminate that employee
Direct applicants
people who apply for a vacancy without prompting from the organization
Referrals
people who apply because someone in the organization prompted them to do so
Nepotism
hiring of relatives
Realistic job previews
background information about jobs positive and negative qualities
yield ratios
expresses the percentage of applicants who successfully move from one stage or recruitment to another
