Chap-5 terms

Question 1

Staffing ratio?

Answer 1

mathematical way of calculating the number of employees a firm needs to produce certain levels of output

Question 2

Scatter pots?

Answer 2

graph that shows how two different variables are related

Question 3

Trend analysis?

Answer 3

using past employment patterns to predict future needs

Question 4

Judgmental forecasting?

Answer 4

relying on the experience and insights of people in the organization to predict a firm’s future employment needs
**top-down or bottom-up

Question 5

Transition analysis?

Answer 5

quantitative technique used to analyze internal labor markets and forecast internal labor supply

Question 6

Talent inventories?

Answer 6

detailed record or database that summarizes each employee’s skills, competencies, and qualifications

Question 7

Replacement chart?

Answer 7

visually shows each of the possible successors for a job and summarizes their present performance, promotion readiness, and development needs

Question 8

Action plan?

Answer 8

strategy to proactively address an anticipated surplus or shortage of employees

Question 9

Business process outsourcing?

Answer 9

relocating an entire business function to an independent service provider

Question 10

Staffing yields?

Answer 10

proportion of applicants moving from one stage of the hiring process to the next

Question 11

Hiring yields?

Answer 11

percent of applicants ultimately hired

Question 12

Workload-driven forecasting?

Answer 12

forecasting based on historical data on the average number of hires typically made per recruiter or the average number of recruits processed per recruiter over a given period

Question 13

Staffing efficiency?

Answer 13

total cost associated with the compensation of the newly hired employees