Asked by Guadalupe Gomes Torres on Jul 07, 2024

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An organization wants to develop a better understanding of what factors influence demand and supply,and what processes may be causing bottlenecks in the flow of human capital.What would be the best way to gather this information?

A) use staffing tables
B) use HR budgets
C) use a simulation
D) use scenario forecasts

Human Capital

The combined abilities, expertise, and non-physical resources of people that contribute to producing economic benefits for themselves, their places of work, or their local area.

Simulation

A blend of qualitative and quantitative modelling that incorporates a set of assumptions about relationships among variables in a mathematical algorithm. Simulation can simultaneously model demand and supply, and is very useful for testing the impact of assumptions on the outcome of the model.

Bottlenecks

Points in a process where the flow is impaired or stopped entirely, leading to delays and reduced efficiency.

  • Understand the use of simulations and other models in identifying HR demand and supply bottlenecks.
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AM
Asive MadladlaJul 11, 2024
Final Answer :
C
Explanation :
Using a simulation would be the best way to gather information on factors influencing demand and supply and identifying bottlenecks in the flow of human capital. A simulation can provide a realistic and dynamic representation of the organization's HR processes and systems, allowing for experimentation and analysis of different scenarios and their potential impacts on human capital. Staffing tables and HR budgets may provide some insight into the current state of the organization's human capital, but they may not capture the dynamic nature of the HR processes and flows. Scenario forecasts may be useful, but they might not be as effective as a simulation in providing a realistic representation of the organization's HR processes.