3.04 DESCRIBE PLANNING TECHNIQUES USED IN THE HIRING PROCESS

THE IMPORANTANCE OF A BUSINESS’S GOALS/ONBJECTIVES TO THE HIRING PROCESS

CONSIDERATIONS IN FORECASTING DEMAND FOR HUMAN=RESOOURCES

• Productdd demand• Economic condition• Technologh• Funding• Job turnover• Comp;anu grouth• Manageridcl philosphy

QUANTITATIVE TECHNIQUES THAT BUSINESSES USE TPO FORCAS DEMAN FOR EMPLYEE

• Trend analysis• Modelilng• Predictinve techniques

QUALITITTHAT BUSSINESSES USE TO FORCAST EMPLYUEE DEMANTVE TECHNIQUES

• Expert forcasts• Delphi Techniques

INTERNAL FACTORS THAT SHOULD BE CONSIDERED IN THE HIRING PROCESS

• Current employees• Size of the organization• Image of the job/company• Company policies

OO;LS BUSINESS USE TO FORCAST SUPPLY BASED ON INTERNAL FACTORS

• Staffing• Matrkov analysis• Sillls inventories• Management inventories• Replacement charts• Succession planning

EXTERNAL FACTORS THAT IMPACT ABUSINESS’S ABILITY TO FORCAST SUPPLY OF HUMAN RESOURES

• De,pgraj[oc cjamges• Wprlfprce edicatopr ;abpr ,arlet ,pbol;ltu• Unemployment situation• Labor laws

ACTIONS BUSINESSES TAKE TO BALANCE SUPPLY AND DEMAND FOR HUMAN RESOURCES