MGT 3320 EXAM 2 QUESTIONS WITH VERIFIED
ANSWERS
4 steps in Human Resource Planning: - Answers - 1. forecasting the supply of human
resources
2. forecasting the demand for human resources
3. comparing forecasted supply and forecasted demand
4. taking appropriate actions
an integrated and increasingly automated system for maintaining a database regarding
the employees in an organization (forecasting the supply of human resources) -
Answers - Human Resource Information System
involves systematically planning for future promotions into top management positions
(labor force trends and issues) - Answers - Executive Succession
indicates growing sales, increasing demand, and expanding operations for the
organization - Answers - growth strategy
organizations implement programs that help reduce turnover among current employees,
making stability easier to maintain - Answers - stability strategy
alternative to terminations and layoffs is early retirement - Answers - reduction strategy
______________ gets people out of the company's payroll, also helps people not leave
with negative opinions; offered a severance - Answers - early retirement
__________ create survivors guilt and fear - Answers - Layoffs
the worst thing an organization can do is not ____________. - Answers - communicate
clearly (leads to rumors and heightened fear)
calculated by the Bureau of Labor Statistics as the percentage of individuals looking for
and available for work who are not currently employed - Answers - rate of
unemployment
prevailing wage rate for a given job in a given labor market - Answers - market wage
rates
investment people make in themselves to increase their value in the workplace; going to
grad school - Answers - human capital investments
_____% unemployment rate in this country - Answers - 5
, Rate of Participation: ____% the lowest its been in 4 years - Answers - 68
what does a high unemployment rate mean for companies? - Answers - an excess of
people
if unemployment is high, employees act how? - Answers - less likely to leave their jobs
3 decisions you can make regarding market wages? - Answers - -you can be the
highest employer in the area
-you can be average
-you can decide youll go below the market wages
provides fundamental input by defining the kinds of general work and specific jobs that
the organization relies on - Answers - Job Analysis as a source of information
process of gathering and organizing detailed information about various jobs within an
organization - Answers - Job Analysis
fundamental requirements necessary to perform a job - Answers - Knowledge, skills,
and abilities (KSAs)
Job Analysis is built upon which act? - Answers - Americans with Disabilities Act
grouping of similar jobs - Answers - Job families
4 pars of Job Analysis: - Answers - -selection process
-performance appraisal
-training and development
-compensation
1st thing you need to have before a job can be filled - Answers - a job requisition
(submitted by a supervisor, starts the hiring process)
3 steps in Job Analysis: - Answers - 1. determining information needs
2. determining methods for obtaining information
3. determining who will collect information
who can do job analysis? - Answers - job analysts, line managers, general owners, all
known SMEs
deductive reasoning, spatial abilities, psychometric abilities, physical abilities (strength
and stamina), sensory abilities - Answers - Cognitive Abilities
to have one or more SMEs prepare a written narrative or text description of the job -
Answers - Narrative job analysis
ANSWERS
4 steps in Human Resource Planning: - Answers - 1. forecasting the supply of human
resources
2. forecasting the demand for human resources
3. comparing forecasted supply and forecasted demand
4. taking appropriate actions
an integrated and increasingly automated system for maintaining a database regarding
the employees in an organization (forecasting the supply of human resources) -
Answers - Human Resource Information System
involves systematically planning for future promotions into top management positions
(labor force trends and issues) - Answers - Executive Succession
indicates growing sales, increasing demand, and expanding operations for the
organization - Answers - growth strategy
organizations implement programs that help reduce turnover among current employees,
making stability easier to maintain - Answers - stability strategy
alternative to terminations and layoffs is early retirement - Answers - reduction strategy
______________ gets people out of the company's payroll, also helps people not leave
with negative opinions; offered a severance - Answers - early retirement
__________ create survivors guilt and fear - Answers - Layoffs
the worst thing an organization can do is not ____________. - Answers - communicate
clearly (leads to rumors and heightened fear)
calculated by the Bureau of Labor Statistics as the percentage of individuals looking for
and available for work who are not currently employed - Answers - rate of
unemployment
prevailing wage rate for a given job in a given labor market - Answers - market wage
rates
investment people make in themselves to increase their value in the workplace; going to
grad school - Answers - human capital investments
_____% unemployment rate in this country - Answers - 5
, Rate of Participation: ____% the lowest its been in 4 years - Answers - 68
what does a high unemployment rate mean for companies? - Answers - an excess of
people
if unemployment is high, employees act how? - Answers - less likely to leave their jobs
3 decisions you can make regarding market wages? - Answers - -you can be the
highest employer in the area
-you can be average
-you can decide youll go below the market wages
provides fundamental input by defining the kinds of general work and specific jobs that
the organization relies on - Answers - Job Analysis as a source of information
process of gathering and organizing detailed information about various jobs within an
organization - Answers - Job Analysis
fundamental requirements necessary to perform a job - Answers - Knowledge, skills,
and abilities (KSAs)
Job Analysis is built upon which act? - Answers - Americans with Disabilities Act
grouping of similar jobs - Answers - Job families
4 pars of Job Analysis: - Answers - -selection process
-performance appraisal
-training and development
-compensation
1st thing you need to have before a job can be filled - Answers - a job requisition
(submitted by a supervisor, starts the hiring process)
3 steps in Job Analysis: - Answers - 1. determining information needs
2. determining methods for obtaining information
3. determining who will collect information
who can do job analysis? - Answers - job analysts, line managers, general owners, all
known SMEs
deductive reasoning, spatial abilities, psychometric abilities, physical abilities (strength
and stamina), sensory abilities - Answers - Cognitive Abilities
to have one or more SMEs prepare a written narrative or text description of the job -
Answers - Narrative job analysis
