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15 Cards in this Set
- Front
- Back
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How do you calculate the turnover rate?
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# of employees at start of period + # of employees at period end divided by 2 = average. Divide number of exits by average number of employees. E.g. 250 + 150 = 400/2 = 200; 40 exits divided by 200 employees = 5% turnover rate.
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What is a Markov analysis?
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Analysis of movement within the organization based on jobs.
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What is a Ripple chart?
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Analysis of domino effect of vacancies likely to be created by exits, promotions, departures, changes based on individual employees
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What is a succession/replacement table?
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Identification of who can replace whom in the company, usually to three or four levels
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What is a succession/replacement chart?
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Identification of who can replace who based on performance and readiness and in what order, 2-3 levels down
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What is a staffing inventory?
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A snapshot in time of current HR supply
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What is succession planning?
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Identification of who is ready and performing at a level required to move into a senior vacancy 2-3 levels down.
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What is succession management?
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Strategies for ensuring performance and readiness for succession planning, includes talent management, training, performance management, etc.
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When should quantitative analysis for HR suppy or demand be used?
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When trends continue over time, historical and current data is available, and the organization is relatively stable.
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When should qualitative data for HR supply and demand be used?
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When there are no obvious trends or patterns, when little data is available, and when the future is uncertain.
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What is the independent variable in the regression/analysis HR planning technique?
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The fact on which a prediction is based.
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What is the predictor variable in the regression/analysis technique of HR demand planning?
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That which you seek to predict, e.g. HR future demand.
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What is the dependent variable in the regression/analysis technique of HR demand planning?
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The outcome you are trying to determine.
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Describe the four elements of the pincushion model for HR supply and demand planning.
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External current supply/demand
Internal current supply/demand External future supply/demand Internal future supply/demand |
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What is the Delphi technique?
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Way of anticipating HR demand by asking panel of SME's to answer a series of questions independently, without meeting face-to-face.
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