Asked by Paige Gratton on May 05, 2024
Verified
With demographic trends predicting even greater shortages in the market supply due to retiring baby boom generation workers,what HR supply analysis method is now assuming much greater importance?
A) staffing inventories
B) HRMS database
C) succession planning
D) movement analysis
Staffing Inventories
A methodical assessment of the current workforce to determine future staffing needs based on skills, qualifications, and positions.
HR Supply Analysis
Evaluation of the current human resources available within the organization, including skills, staffing levels, and future needs.
- Acquire knowledge of the fundamental aspects and key competencies required for effective HR planning within succession management.
Verified Answer
ZK
Zybrea KnightMay 07, 2024
Final Answer :
C
Explanation :
Succession planning is assuming much greater importance as it ensures that the company has a pipeline of capable and qualified employees who can fill in key positions when current employees retire or leave. With a larger number of baby boom workers retiring, it is essential for companies to have a clear plan in place to replace them with skilled workers.
Learning Objectives
- Acquire knowledge of the fundamental aspects and key competencies required for effective HR planning within succession management.
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