WGU C232: Introduction to Human Resource Management-ALL 2023/2024 Update Questions And Answers 100% correct Verified

Managerial EstimatesThe most common method of estimating HR demand. These are typically made by top management (a top-down approach). Multiple Linear RegressionAn extension of simple linear regression analysis. However, instead of relating employment to just one variable, multiple variables are used. Nominal Grouping TechniqueA group process involving problem identification, solution generation, and decision-making. Redundancy PlanningHR planning associated with the process of laying off employees who are no longer needed. Replacement PlanningThis type of planning uses charts that show the names of the current occupants of positions in the organization and the names of likely replacements. Simple Linear RegressionA projection of future demand is based on a past relationship between the organization's employment level and a variable related to employment, such as sales and shows how these measures are connected. Succession PlanningThis type of planning tends to be long-term, developmental, and flexible. Although this type of planning is widely practiced, many employers who use it tend to emphasize characteristics of the managers and downplay characteristics of the positions to which the managers may eventually be promoted.