BAC 321 Ch. 5 Spring 2025

Detailed database/records that summarize each employee's skills, competencies, qualifications

Product demand tends to decline when interest rates are

To make predictions about the jobs/workers the firm needs & the expected business activities

Quantitative technique to analyze internal labor markets & forecast internal labor supply

Which is NOT a way to monitor the external market

The first step of workforce planning is to

The portion of applicants moving from one stage of the hiring process to the next

Visual to show possible successors for a job (a summary of performance, promotions,& readiness)

Using past employment data to predict future needs

For a temporary talent shortage, you should only offer incentives for