ORG - Workforce Management Flashcards
Use of information from past and present to predict future conditions.
Judgmental forecasts
Act of reorganizing the legal, ownership, operational, or other structures of an organization.
Restructuring
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.
Succession planning
Termination of employment of individual employees or groups of employees for reasons other than performance, for example, economic necessity or restructuring; also known as downsizing.
Reduction in force (RIF)
Activities needed to ensure that workforce size and competencies meet current and future organizational and individual needs.
Workforce planning
Statistical method used to determine whether a relationship exists between variables and the strength of the relationship.
Regression analysis
Situation in which an organization shares responsibility and liability for its alternative workers with an alternative staffing supplier; also known as joint employment.
Co-employment
“Snapshot” assessment of the availability of qualified backup for key positions.
Replacement planning
Development and integration of HR processes that retain the knowledge, skills, and abilities of employees that will meet current and future organizational needs.
Talent management
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.
Due diligence
Representations of real situations; give organizations the opportunity to speculate as to what would happen if certain courses of action were pursued.
Simulations
Situation in which an organization shares responsibility and liability for its alternative workers with an alternative staffing supplier; also known as co-employment.
Joint employment
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.
Workforce profile
Self-employed individuals hired on a contract basis for specialized services.
Independent contractors
Termination of employment of individual employees or groups of employees for reasons other than performance, for example, economic necessity or restructuring; also known as reduction in force (RIF).
Downsizing
