Workforce Planning Flashcards
The first step in the workforce management process. It involves all the activities needed to ensure that workforce size and competencies meet current and future organizational and individual needs.
workforce planning
Gathers data about the current workforce and forecasts future workforce needs. This information is analyzed to provide the data to support the organization’s staffing strategy.
workforce analysis
The act of replacing employees leaving an organization or the attrition or loss of employees.
turnover
A metric that is normally expressed using an annualized formula that tracks the number of separation and the total number of workforce employees per month.
turnover rate
Apply expert judgment to information from the past and present to predict future conditions and staffing needs and to understand opportunities and threats that can affect the staffing plan.
judgmental forecasts
A projection of future demand based on a past relationship between employment level and a single variable related to employment.
similar linear regression
Operates the same as simple linear regression, except that several variables are used to project future demand.
multiple linear regression
Representations of real situations in abstract form; they are often referred to as “what if” scenarios. They provide organizations with the opportunity to speculate as to what would happen if certain courses of action are pursued.
simulations
New skills are needed to perform new jobs.
skill gap
New behaviors are needed to be successful.
abilities gap
Talent is not properly spread throughout the enterprise.
distribution gap
The organization is too homogeneous.
diversity gap
Talent cannot be sent where it is needed most.
deployment gap
It takes too long to achieve results.
time gap
Too much money is being spent on talent acquisition and development activities.
cost gap
