Final answer:
Workforce Analytics is the methodology for studying and planning workforce needs using computer-based statistical analysis, and it is supported by employment data and trends from sources such as the Current Employment Statistics and the Current Population Survey.
Step-by-step explanation:
The computer-based statistical method of studying and planning for workforce needs is referred to as Workforce Analytics. This method utilizes data and statistical analysis to understand workforce dynamics and make informed decisions about hiring, training, and deploying an organization's human resources. It draws upon data sources like the Current Employment Statistics, which provides estimates of employment across various economic sectors, and the Current Population Survey, which offers detailed information about the labor supply, including labor force participation rates, employment figures, and earnings data. Workforce analytics helps in understanding trends and making predictions about future workforce requirements based on data-driven insights.
For example, the Employment Projections Program of the U.S. Bureau of Labor Statistics examines a ten-year projection for jobs and employment, helping organizations to anticipate future workforce trends and needs.