WGU D351 v2 Topic 3 with correct answers 2025
Define the term "demand" in terms of HRM. - correct answersunderstand the companies
human capital needs
Define the term "supply" in terms of HRM. - correct answerswho is available to fill those needs
List the ways that human resource planning (HRP) helps organizations. - correct answersReduce
cost so there isn't a surplus of people, planning employee development and to use those
employees strengths, improve business planning process, provide more opportunities for
women and minorities, promote awareness and importance of HRM through the workplace,
evaluating the effect of HR actions and policies.
How has technology influenced HRP? - correct answersIt is easier to be able to compile data
about employees in one place for convenient access,
What are the 4 steps (phases) in the HR planning process? What happens during each
step/phase? - correct answersGathering, analyzing, and forecasting data to develop an HR
supply and demand forecast
What are the two common forecasting techniques used to project the organization's demand
for human resources? - correct answersJudgemental and statistical
What are the six statistical forecasting methods? - correct answerssimple linear regression
(increased sales mean we will need to have more CSR), multiple linear regression (mulitple
factors instead of just one. sales increase which increases are need for CSR, computing space for
new clients) productivity ratio ( historical data are used to examine the past level of a
productivity index), HR ratio (past HR data are examined to determine historical relationships
among employees in various jobs or job categories), time series analysis (Past staffing levels are
examined in order to isolate seasonal and cyclical variations, long-term trends, and random
Define the term "demand" in terms of HRM. - correct answersunderstand the companies
human capital needs
Define the term "supply" in terms of HRM. - correct answerswho is available to fill those needs
List the ways that human resource planning (HRP) helps organizations. - correct answersReduce
cost so there isn't a surplus of people, planning employee development and to use those
employees strengths, improve business planning process, provide more opportunities for
women and minorities, promote awareness and importance of HRM through the workplace,
evaluating the effect of HR actions and policies.
How has technology influenced HRP? - correct answersIt is easier to be able to compile data
about employees in one place for convenient access,
What are the 4 steps (phases) in the HR planning process? What happens during each
step/phase? - correct answersGathering, analyzing, and forecasting data to develop an HR
supply and demand forecast
What are the two common forecasting techniques used to project the organization's demand
for human resources? - correct answersJudgemental and statistical
What are the six statistical forecasting methods? - correct answerssimple linear regression
(increased sales mean we will need to have more CSR), multiple linear regression (mulitple
factors instead of just one. sales increase which increases are need for CSR, computing space for
new clients) productivity ratio ( historical data are used to examine the past level of a
productivity index), HR ratio (past HR data are examined to determine historical relationships
among employees in various jobs or job categories), time series analysis (Past staffing levels are
examined in order to isolate seasonal and cyclical variations, long-term trends, and random
