Talent Acquisition Flashcards
What are the 3 elements to HR metrics?
- Efficiency
- Effectiveness
- Impact
What does Human Capitol ROI express?
how well workers are generating revenues, given their compensation and benefits
How is Human Capital ROI calculated what is the formula
Organization’s net revenue - gross revenue after deducting operating expenses, salaries and benefits divided by the cost of salaries and benefits
What is a concentration strategy consist of?
a company abandons unprofitable products and services to focus on profitable ones
what are the 2 objectives of a growth strategy
to achieve greater productivity and profitability
define Outsourcing
purchasing goods or services from outside the company
define Offshoring
using international outsourcing to lower cost of labor
what is Job Analysis?
analyzing the duties, responsibilities, and tasks of a job; what candidate requirements are there
What are the 2 components of job analysis?
- Job Description - states the tasks performed on the job and the purpose of the job
- Job Specification - lists the skills, knowledge, and abilities needed for the job.
define Unit Demand
anticipated volume of business and staff demands
what does a Probabilistic model do?
make predictions with computer simulations
define Work-load analysis
short-term needs analysis that looks at current output and productivity
What does a ratio analysis dertermine?
if an organization has enough employees to meet needs
define Delphi forecasting
forecasts future job needs by experts that DON’T meet
define Nominal group forecasting
Delphi except they do meet