1.
4 Areas looked at by a workforce analysis?: Supply analysis
Demand analysis
Gap analysis
solution analysis
2.
Delphi Technique: Job Analysis technique/Judgemental Forcasts -
e-mail and progressively collect info from group on preselected issue.
3.
Demand Analysis: Forecasting the # of employees and the skills required to meet future organizational goals.
4.
Gap Analysis: Current supply compared to future goals and the GAP between.
5.
How do you calculate annualized employee turnover % ?: 1) Divide total # of employees by 12 months.
2) Divide # of separations by average # employees per month.
total employees 2704 Divided by 12 = 225
65 separations divided by 225 = 28.9% annualized employee turnover.
6.
Judgemental Forcasts (3 kinds): Uses info from past and present to predict future conditions.
1. Managerial estimates - projections by manager
2. Delphi Technique - e-mail and progressively collect info from group on preselected issue.
3. Nominal group technique. - Moderated group discussion to forecast ideas, assumptions.
7.
KSA: Knowledge
Skill
abilities
8.
Managerial Estimate: Job analysis technique/Judgemental Forcasts:
Managerial estimates - projections by manager
9.
Nominal group technique: Job analysis technique/Judgemental Forcasts:
e-mail and progressively collect info from group on preselected issue.
10.
Ratio Analysis: Sales prediction Divided by employee productivity # = # of employees needed (subtract this number from the amount you currently have to have total new hires)
$15,000,000 Divided by $12,500 = 399 employees
399 - current staff of 355= 44 new hires
11.
Regression Analysis: (Simple, multiple linear regression) = projection of future demand based on past employment level and 1 -2 other factors.
12.
Simulation Analysis: "What if" Senario; role playing.
13.
Solution Analysis Techniques (clue 3 B's): Building
Buying
Borrowing
14.
Trend Analysis: Project the trend out on a graph to predict # of employees needed.
15.
Turnover: ANNUALIZED formula that tracks # of separations per month.
16.
Two categories of statistical forecasting...: Regression Analysis & Simulations
17.
What analysis answers the question
"What do we need?: Demand Analysis
18.
What analysis answers the questions:
"What can we afford? and "How will we get what we need?": Solutions Analysis
19.
What analysis answers the questions:
"What is lacking? What Knowledge, skills and abilities exist and are needed in the future analysis?": GAP analysis
20.
What analysis answers the questions:
Where are we now? What assets do we have?: Supply analysis
