Demographic trends predict even greater shortages in the market supply due to retiring baby boom generation workers.What HR supply analysis method is therefore assuming much greater importance?
A)staffing inventories
B)HRMS database
C)succession planning
D)movement analysis

Question

Quizplus · Accepted Answer

Succession planning is the HR supply analysis method that assumes much greater importance in light of the demographic trend of retiring baby boom generation workers. This method involves identifying and developing potential successors for key positions within an organization, ensuring that there is a talent pool to draw from when the current occupants of those positions retire or move on. By implementing effective succession planning, organizations can mitigate the impact of labor shortages and ensure a smooth transition of leadership and knowledge. Staffing inventories and movement analysis are also important HR supply analysis methods, but they are not specifically geared towards addressing the issue of retiring baby boomers. HRMS databases are valuable tools for managing HR data but are not a specific analysis method in themselves.

Demographic Trends Predict Even Greater Shortages in the Market Supply