84) A Markov analysis can be used to forecast internal : 1404280
84) A Markov analysis can be used to forecast internal labour supply.
85) Failure to update skills and management inventories can lead to present employees being overlooked for job openings.
86) To project the supply of outside candidates, employers assess general economic conditions.
87) The first step to project the supply of outside candidates is to forecast local market conditions.
88) Highly educated immigrants are the predominant drivers of growth in the Canadian labour pool.
89) Forecasts for various occupations are available from a number of sources, but these sources are not very helpful for determining whether any projected imbalances will be self-correcting or whether they will require specific intervention on the part of governments and/or private-sector organizations.
90) Specific strategies must be formulated to balance supply and demand considerations.
91) A labour surplus exists when the internal supply of employees exceeds the organization's demand. Most employers respond initially by terminating employment.
92) A strategy used to deal with an employee surplus is the promotion of employees.
93) One of the most innovative ways to manage the coming labour shortage is through the use of flexible work arrangements.
94) Flextime is a plan whereby employees' flexible workdays are built around a core of midday hours.