HRIR Exam 2(2024 Questions &
answers latest updated!)
What are the main purposes of workforce planning? - ANSWERS-Identifies workforce
requirements needed for strategic planning
-Discovers where/if competency gaps exist
-Plans for internal and external factors
-Implements workforce shortage and reduction strategies
Review your notes from the Boeing case study and our analysis of Delta Airlines. -
ANSWERSFirst, the economy affects whether or not Delta needs to hire more
employees. During an economic downturn, and companies make less in profits, several
things happen to employees in organizations. They may get downsized, meaning losing
their job, so unemployment goes up. Often there are either no wage increases or a
decrease in wages. But inflation often still rises, and so the average worker makes less
money, or is unemployed. Because of this, people have less disposable income and -
they don't travel as much. Businesses also watch their expenses and send fewer
business travelers around the globe. This means a decrease in sales of Delta and they
also either need to layoff workers. The converse is true, and when the economy is doing
well and people are traveling more, Delta may have to hire more employees to staff all
of their operations.
Forecasting - ANSWERSDetermines supply and demand to predict areas within the
organization where there will be labor shortages or surpluses
trend analysis - ANSWERSTrend analysis links historic employment patterns to future
labor demand. Managers plot trends that affected employee numbers, such as the
company's performance or developments in the industry sector, across a given period.
ratio analysis - ANSWERSRatio analysis is one means of ensuring that you have the
right amount of employees for the amount of work by determining the number of
employees needed based on some element of production or sales. Ratio analysis is the
beginning of HR forecasting; it is not the entire process.
regression analysis - ANSWERSa powerful statistical method that allows you to
examine the relationship between two or more variables of interest. While there are
many types of regression analysis, at their core they all examine the influence of one or
more independent variables on a dependent variable.
Supplements ratio analysis by adding multiple dimensions of information into expected
staffing level requirements
transitional matrix - ANSWERSUsed to predict availabilities on the basis of historical
patterns of job stability and movement among employees
, Answers: Where are people now? Where are people going?
Internal - ANSWERSInternal
Turnover
Employee development
Current workforce profile
Engagement
Performance
Operations
Affect workforce planning
-Sales projections
-Seasonality
-Budgets
-Production capabilities
External - ANSWERSEconomy
Competitors
Threat of substitution
Legislation
Labor market
Globalization
Technology
Suppliers
Customer demand
Geography
Societal changes
Affect workforce planning
-Retail sales
-Manufacturing production
-Stock market
-Housing markets
-Interest levels
Reducing a surplus - ANSWERS-Downsizing
1. Reducing costs
2. Replacing labor with technology
3. Mergers and acquisitions
4. Moving to more economical locations
-Pay reductions
-Demotions
-Transfers
-Work sharing
-Hiring freeze
answers latest updated!)
What are the main purposes of workforce planning? - ANSWERS-Identifies workforce
requirements needed for strategic planning
-Discovers where/if competency gaps exist
-Plans for internal and external factors
-Implements workforce shortage and reduction strategies
Review your notes from the Boeing case study and our analysis of Delta Airlines. -
ANSWERSFirst, the economy affects whether or not Delta needs to hire more
employees. During an economic downturn, and companies make less in profits, several
things happen to employees in organizations. They may get downsized, meaning losing
their job, so unemployment goes up. Often there are either no wage increases or a
decrease in wages. But inflation often still rises, and so the average worker makes less
money, or is unemployed. Because of this, people have less disposable income and -
they don't travel as much. Businesses also watch their expenses and send fewer
business travelers around the globe. This means a decrease in sales of Delta and they
also either need to layoff workers. The converse is true, and when the economy is doing
well and people are traveling more, Delta may have to hire more employees to staff all
of their operations.
Forecasting - ANSWERSDetermines supply and demand to predict areas within the
organization where there will be labor shortages or surpluses
trend analysis - ANSWERSTrend analysis links historic employment patterns to future
labor demand. Managers plot trends that affected employee numbers, such as the
company's performance or developments in the industry sector, across a given period.
ratio analysis - ANSWERSRatio analysis is one means of ensuring that you have the
right amount of employees for the amount of work by determining the number of
employees needed based on some element of production or sales. Ratio analysis is the
beginning of HR forecasting; it is not the entire process.
regression analysis - ANSWERSa powerful statistical method that allows you to
examine the relationship between two or more variables of interest. While there are
many types of regression analysis, at their core they all examine the influence of one or
more independent variables on a dependent variable.
Supplements ratio analysis by adding multiple dimensions of information into expected
staffing level requirements
transitional matrix - ANSWERSUsed to predict availabilities on the basis of historical
patterns of job stability and movement among employees
, Answers: Where are people now? Where are people going?
Internal - ANSWERSInternal
Turnover
Employee development
Current workforce profile
Engagement
Performance
Operations
Affect workforce planning
-Sales projections
-Seasonality
-Budgets
-Production capabilities
External - ANSWERSEconomy
Competitors
Threat of substitution
Legislation
Labor market
Globalization
Technology
Suppliers
Customer demand
Geography
Societal changes
Affect workforce planning
-Retail sales
-Manufacturing production
-Stock market
-Housing markets
-Interest levels
Reducing a surplus - ANSWERS-Downsizing
1. Reducing costs
2. Replacing labor with technology
3. Mergers and acquisitions
4. Moving to more economical locations
-Pay reductions
-Demotions
-Transfers
-Work sharing
-Hiring freeze
