Workforce Planning and Talent Management Module 1 - Intro Flashcards
1
Q
What is a prediction?
A
A single numerical estimate of HR requirements associated with a specific time horizon and a set assumptions.
2
Q
What is a projection?
A
Incorporates several HR estimates based on a variety of assumptions.
3
Q
What is a scenario?
A
A proposed sequence of events with its own set of assumptions and associated program details.
4
Q
What contingency planning?
A
Plans to be implemented when unanticipated changes to organizational or environmental factors which negate the usefulness of the existing HR forecasting predictions or projections.
5
Q
What does staffing contribute to?
A
Organizational goal attainment
Acquisition of leadership talent
Competitive advantage for the organization
Ensuring sufficient number and type of employees
