ck
MIE 330 EXAM 2 COMPLETE
QUESTIONS AND CORRECT
lo
DETAILED ANSWERS (VERIFIED
yc
ANSWERS) A+ GRADED
ud
St
,Identifying the numbers and types of employees the organization will require to meet its
objectives.
HR Planning
What are the three stages of HR Planning?
1. Forecasting
2. goal setting/strategic planning
3. program implementation and evaluation
ck
The attempts to determine the supply and demand for various types of human resources to
predict areas within the organization where there will be labor shortages or surpluses.
Forecasting
lo
What are the three steps of forecasting?
1. Forecast labor demand
2. determine labor supply
3. determine labor surplus or shortage
yc
Constructing and applying statistical models that predict labor demand for the next year, given
relatively objective statistics from the previous year is called ____________ analysis.
Trend Analysis
ud
Objective measures that accurately predict future demand. (ex: measures of the economy, etc.)
Leading Indicators
A forecasting technique for determining future staffing needs by using ratio's between two
St
variables.
Ratio Analysis
A chart that lists job categories held in one period and shows the proportion of employees in
each of those job categories in a future period.
Transitional Matrix
What is published by the Bureau of Labor Statistics to help examine trends in the external labor
market?
, Occupational Outlook Quarterly & Monthly Labor Review
T/F: Goals should come directly from the analysis of labor supply and demand
True
A set of knowledge and skills that make the organization superior to competitors and create
value for customers.
Core Competency
ck
Organizations are more likely to benefit from hiring and retaining employees who provide a
__________ ______________.
Core Competency
lo
The planned elimination of large numbers of personnel with the goal of enhancing the
organization's competitiveness to promote future competitiveness.
Downsizing
yc
What are the four objectives of downsizing?
1. Reduce Costs
2. Replace labor with technology
3. Mergers & Acquisitions
4. Move to more economical location
ud
T/F: Although downsizing has an immediate effect on costs, much of the evidence suggests that
it hurts long-term organizational effectiveness
True
St
T/F: Average age of workers is growing
True
A comparison of employees in protected groups with proportion that each group represents in a
relevant labor market.
Workforce Utilization Review
MIE 330 EXAM 2 COMPLETE
QUESTIONS AND CORRECT
lo
DETAILED ANSWERS (VERIFIED
yc
ANSWERS) A+ GRADED
ud
St
,Identifying the numbers and types of employees the organization will require to meet its
objectives.
HR Planning
What are the three stages of HR Planning?
1. Forecasting
2. goal setting/strategic planning
3. program implementation and evaluation
ck
The attempts to determine the supply and demand for various types of human resources to
predict areas within the organization where there will be labor shortages or surpluses.
Forecasting
lo
What are the three steps of forecasting?
1. Forecast labor demand
2. determine labor supply
3. determine labor surplus or shortage
yc
Constructing and applying statistical models that predict labor demand for the next year, given
relatively objective statistics from the previous year is called ____________ analysis.
Trend Analysis
ud
Objective measures that accurately predict future demand. (ex: measures of the economy, etc.)
Leading Indicators
A forecasting technique for determining future staffing needs by using ratio's between two
St
variables.
Ratio Analysis
A chart that lists job categories held in one period and shows the proportion of employees in
each of those job categories in a future period.
Transitional Matrix
What is published by the Bureau of Labor Statistics to help examine trends in the external labor
market?
, Occupational Outlook Quarterly & Monthly Labor Review
T/F: Goals should come directly from the analysis of labor supply and demand
True
A set of knowledge and skills that make the organization superior to competitors and create
value for customers.
Core Competency
ck
Organizations are more likely to benefit from hiring and retaining employees who provide a
__________ ______________.
Core Competency
lo
The planned elimination of large numbers of personnel with the goal of enhancing the
organization's competitiveness to promote future competitiveness.
Downsizing
yc
What are the four objectives of downsizing?
1. Reduce Costs
2. Replace labor with technology
3. Mergers & Acquisitions
4. Move to more economical location
ud
T/F: Although downsizing has an immediate effect on costs, much of the evidence suggests that
it hurts long-term organizational effectiveness
True
St
T/F: Average age of workers is growing
True
A comparison of employees in protected groups with proportion that each group represents in a
relevant labor market.
Workforce Utilization Review
