Chapter 5 Flashcards
The attempts to determine the sup-
ply of and demand for various types of human resources to predict areas within the organi- zation where there will be labor shortages or surpluses.
forecasting
Constructing and apply- ing statistical models that predict labor demand for the next year, given relatively objective statistics from the previous year.
trend analysis
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.
transitional matrix
The planned elimination of large numbers of per- sonnel with the goal of enhancing the organiza- tion’s competitiveness.
downsizing
Any activity carried on by the organization with the primary purpose of identifying and attracting potential employees.
recruiting
Employment principle that if there is no specific employment contract saying otherwise, the employer or employee may end an employment relationship at any time, regardless of cause.
employment at will
Policies that formally lay out the steps an employee may take to appeal the employer’s decision to terminate that employee.
due-process policies
cating information about a job vacancy on com- pany bulletin boards, in employee publications, on corporate intranets, and anywhere else the organization communi- cates with employees.
job posting
People who apply for a vacancy without prompting from the organization.
direct applicants
People who apply for a vacancy because some- one in the organization prompted them to do so.
referrals
The practice of hiring relatives.
nepotism
A ratio that expresses the percentage of appli- cants who successfully move from one stage
of the recruitment and selection process to the next.
yield ratio
The total amount of money spent to fill a vacancy. The number is computed by finding the cost of using a particular recruitment source and dividing that cost by
the number of people hired to fill that type of vacancy.
cost per hire
Background information about a job’s positive and negative qualities.
realistic job preview