Essay on Human Resource Management
understanding their impact on the skill inventory levels
* Forecasting leaves, transfers, dismissals, sabbaticals, prolonged illness, and deaths of employees and their impact on inventory levels
The ways to forecast the internal supply of human resources include methods such as Markov analysis, transitional matrices, replacement schedules, succession planning.
Audit is the third step in HR planning, which includes reconciling inventory with forecast through a systematic analysis of demand