Asked by Mackenzie Magaoay on Jun 28, 2024
Verified
XYZ Corporation wants to track the percentage and actual number of employees who remain in each of the firm's job from one year to the next. Which of the following would XYZ Corporation benefit from?
A) a replacement chart
B) a skills inventory
C) a Markov analysis
D) a succession plan
Markov Analysis
A statistical technique used to predict the future state of a system based on its current state and known transition probabilities.
Replacement Chart
A visual tool used in human resource planning to show current jobholders and identify potential replacements within an organization.
Skills Inventory
A comprehensive list or database of the skills, competencies, and qualifications of employees within an organization, used to match workforce capabilities with business needs and opportunities.
- Comprehend the criticality of integrating principles in both recruitment and succession planning to ensure the achievement of enduring goals in an institution.
Verified Answer
Learning Objectives
- Comprehend the criticality of integrating principles in both recruitment and succession planning to ensure the achievement of enduring goals in an institution.
Related questions
What Is Values-Based Hiring ...
Which of the Following Is the Process of Identifying, Developing ...
The Effective Implementation of Succession Management Has Been Linked to ...
The Effective Implementation of Succession Management Has Been Linked to ...
What Is Succession Planning,and What Are Three of Its Benefits ...