‼️ [Org] Workforce Management

Question 1

Situation in which an organization shares responsibility and liability for its alternative workers with an alternative staffing supplier; also known as joint employment.

Answer 1

Co-employment

Question 2

Process of implementing a talent management strategy for identifying and fostering the development of high-potential employees or other job candidates who, over time, may move into leadership positions of increased responsibility.

Answer 2

Succession planning

Question 3

Systematic approach to anticipate human capital needs and data HR professionals can use to ensure that appropriate knowledge, skills, or abilities will be available when needed to accomplish organizational goals and objectives.

Answer 3

workforce analysis

Question 4

Situation in which an organization shares responsibility and liability for its alternative workers with an alternative staffing supplier; also known as co-employment.

Answer 4

Joint employment

Question 5

Statistical method used to determine whether a relationship exists between variables and the strength of the relationship.

Answer 5

Regression analysis

Question 6

Part of workforce analysis that identifies the current make-up of employees in terms of their demographics, skills, competencies, performance levels, expected retirement dates, pay grades, and other factors that help explain the workforce’s composition.

Answer 6

Workforce profile

Question 7

Process of investigating a decision thoroughly before finalizing it to identify all potential factors that could affect the positive and negative impacts of the decision.

Answer 7

Due diligence

Question 8

Activities needed to ensure that workforce size and competencies meet current and future organizational and individual needs.

• First step in workforce mgmt process
• Strategically aligns an org’s human capital with it’s business direction

Answer 8

Workforce planning

Question 9

Act of replacing employees leaving an organization; attrition or loss of employees.

Answer 9

Turnover

Question 10

Development and integration of HR processes that retain the knowledge, skills, and abilities of employees that will meet current and future organizational needs.

Answer 10

Talent management

Question 11

Annualized formula that tracks number of separations and total number of workforce employees per month

Answer 11

Turnover Rate.

Question 12

Use of information from past and present to predict future conditions.

Answer 12

Judgmental forecasts