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3.04 Describe planning techniques used in the hiring process

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

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3.04 Describe planning techniques used in the hiring process

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  1. 3.04 Describe planning techniques used in the hiring process

  2. The imporantance of a business’s goals/onbjectives to the hiring process

  3. Considerations in forecasting demand for human=resoources • Productdd demand • Economic condition • Technologh • Funding • Job turnover • Comp;anugrouth • Manageridclphilosphy

  4. Quantitative techniques that businesses use tpoforcasdeman for emplyee • Trend analysis • Modelilng • Predictinve techniques

  5. Qualititthatbussinesses use to forcastemplyueedemantve techniques • Expert forcasts • Delphi Techniques

  6. Internal factors that should be considered in the hiring process • Current employees • Size of the organization • Image of the job/company • Company policies

  7. Oo;ls business use to forcast supply based on internal factors • Staffing • Matrkov analysis • Sillls inventories • Management inventories • Replacement charts • Succession planning

  8. External factors that impact abusiness’s ability to forcast supply of human resoures • De,pgraj[occjamges • Wprlfprceedicatopr ;abpr ,arlet ,pbol;ltu • Unemployment situation • Labor laws

  9. Actions businesses take to balance supply and demand for human resources

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