Asked by Guadalupe Gomes Torres on Jul 07, 2024
Verified
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.
Verified Answer
Learning Objectives
- Understand the use of simulations and other models in identifying HR demand and supply bottlenecks.
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