Besides Forecasting the Demand for Employees,an Organization Will Also Need

question 46

Essay

Besides forecasting the demand for employees,an organization will also need to look at the supply of employees.Identify and briefly describe three methods for identifying internal supply of employees.

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Definitions:

Support Department Allocations

The process of attributing a portion of support (or indirect) department costs to the producing departments within an organization, based on agreed-upon criteria.

Cost Driver

A factor that causes a change in the cost of an activity; it directly impacts the cost of manufacturing goods or delivering services.

Reciprocal Services Method

An approach to allocating costs between departments that provide mutual services to each other, ensuring a fair distribution based on services rendered.

Algebraic Expression

A mathematical phrase that can contain ordinary numbers, variables, and operators, but no equal sign.