MGT 420 Exam 1 - Chapter 5 questions
with verified answers
what is forecasting? - correct answer ✔✔the attempts to determine the supply of and demand
for various types of HR to predict areas within the organization where there will be labor
shortages or surpluses
which part of the HR process is forecasting? - correct answer ✔✔planning process, the first step
in HR planning
what is the primary goal of forecasting? - correct answer ✔✔to predict which areas of the
organization will experience labor shortages or surpluses
strategies for eliminating labor surpluses - correct answer ✔✔downsizing, pay reductions,
demotions, transfers, work sharing, hiring freeze, natural attrition, early retirement, and
retraining
strategies for avoiding a shortage - correct answer ✔✔overtime, temporary employees,
outsourcing, retrained transfers, turnover reductions, new external hires, and technological
innovation
strategies for surpluses that have fast results and high suffering for employees - correct answer
✔✔downsizing and demotions
strategies for surpluses that have fast results and moderate suffering of employees - correct
answer ✔✔transfers and work sharing
with verified answers
what is forecasting? - correct answer ✔✔the attempts to determine the supply of and demand
for various types of HR to predict areas within the organization where there will be labor
shortages or surpluses
which part of the HR process is forecasting? - correct answer ✔✔planning process, the first step
in HR planning
what is the primary goal of forecasting? - correct answer ✔✔to predict which areas of the
organization will experience labor shortages or surpluses
strategies for eliminating labor surpluses - correct answer ✔✔downsizing, pay reductions,
demotions, transfers, work sharing, hiring freeze, natural attrition, early retirement, and
retraining
strategies for avoiding a shortage - correct answer ✔✔overtime, temporary employees,
outsourcing, retrained transfers, turnover reductions, new external hires, and technological
innovation
strategies for surpluses that have fast results and high suffering for employees - correct answer
✔✔downsizing and demotions
strategies for surpluses that have fast results and moderate suffering of employees - correct
answer ✔✔transfers and work sharing
