What are talent inventories and replacement charts, and how are ...

[cagreen833]

What are talent inventories and replacement charts, and how are they used in forecasting labor supply?
 
  What will be an ideal response?

Question 2

When business slows down, flexible workers are dismissed before core workers.
 
  Indicate whether the statement is true or false

[ambernicolefink]

Answer to Question 1

Manual or computerized talent inventories summarize each employee's skills, competencies, and qualifications. They may also contain information about the employee's education and training, languages spoken, previous performance reviews, and chances of being promoted. Particularly if they are computerized, qualifications inventories can be easily searched to identify which employees might be good fits for open positions. A talent inventory can be a powerful tool for quickly getting the right talent in the right place when it is needed.

Replacement charts are a way to track the potential replacements for particular positions. A replacement chart can be manual or automated, and visually shows each of the possible successors for a job and summarizes their strengths, present performance, promotion readiness, and development needs.

Answer to Question 2

TRUE

[cagreen833]

Thank you

[ambernicolefink]

No problemo