Examlex
What changes in the business environment have led to HR managers playing more strategic roles in organizations? As a result of these changes,what competencies are now required of modern HR managers?
Demand for Labour
The total amount of workers that employers want to hire at a given wage rate and period.
Historical Relationship
The examination and understanding of how past interactions, patterns, or events influence current states or future developments.
Ratio Analysis
A quantitative method of projecting HR demand by analyzing the historical relationship between an operational index and the number of employees required.
Operational Index
A quantifiable measure used to assess, compare, and track the efficiency or performance of a business's operations over time.
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