An organization is experiencing a shortage of certain key positions.What would be the first step it would take in conducting a HR supply analysis?

A) calculate the ratio of hires to retirees
B) determine the HR demand available
C) examine skills and management inventories
D) analyze the external environment

HR Supply Analysis

The process of determining the future supply of human resources available within an organization, accounting for factors like retirements, promotions, and turnovers.

Skills Inventories

Databases or lists that track the abilities, qualifications, and experiences of an organization's employees.

Management Inventories

An assessment or compilation of the skills, abilities, and potential of the management team within an organization.