What is supply modeling?
It is an AI-powered process of analyzing and predicting the supply chain’s capabilities.
What does supply modeling mean in HR?
Supply modeling in HR estimates the supply of human resources after considering the analysis of current human resources inventory and future availability. For supply modeling, HR leaders need to consider:
- Internal supply of human resources available through transfers, promotions, retired employees and laid off employees, etc.
- Source of external human resource supply and labor force availability in the job market.
How can you measure your competency framework?
The most common method for measuring a competency framework is a 360-degree assessment. In this method, employees first rate themselves on their performance at work. Second, superiors or managers are asked for employee performance feedback. Finally, the average of both assessments is taken to determine which areas employees should work on to become more effective.