Chapter 5 notes - Chapter 5 Planning for and Recruiting...

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Chapter 5 Planning for and Recruiting Human Resources Forecasting - the attempts to determine the supply of and demand for various types of human resources to predict areas within the organization where there will be labor shortages or surpluses Trend analysis - constructing and applying statistical models that predict labor demand for the next year, given relatively objective statistics (leading indicators) from the previous year Leading indicators - objective measures that accurately predict future labor demand Transitional matrix - a chart that lists job categories held in one period and shows the proportion of employees in each of those job categories in a future period. It answers the questions “where did people who were in each job category go” and “where did people now in each job category come from” Core competency - a set of knowledge and skills that make the organization superior to competitors and create value for customers Downsizing - the planned elimination of large numbers of personnel with the goal of enhancing
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This note was uploaded on 11/28/2011 for the course MGT 315 taught by Professor Wenier during the Summer '08 term at Michigan State University.

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Chapter 5 notes - Chapter 5 Planning for and Recruiting...

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