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When should time series analysis be used to forecast demand? -
ANSWER-When past data is used to forecast demand
What are the two judgmental techniques with supply methods? -
ANSWER-Succession planning
Replacement planning
You have a process for identifying and developing internal people
with the potential to fill key business leadership positions. Which
supply method is being described? -ANSWER-Succession planning key
words: long-term, developmental and flexible
When should linear regression analysis be used to forecast demand. -
ANSWER-When there is only one variable being used to determine.
When should multiple linear regression be used to forecast demand? -
ANSWER-When more than one variable is used to determine labor
demand
,What are the two types of action programs? -ANSWER-Attraction &
Reduction (redundancy)
Define replacement planning -ANSWER-Replacement planning uses
charts that show the names of the current occupants of positions in
the organization and the names of likely replacements.
Define Succession Planning -ANSWER-succession planning tends to be
longer term, more developmental and more flexible.
What actions might an organization take when creating an attraction
plan. -ANSWER-An attraction action program may include increasing
employee self-control, increasing bottom- up communications,
emphasizing intrinsic rewards, creating more broadly defined job
roles.
How does human planning benefit an organization? -ANSWER-1.
Forecasting human capital needs for the organization
2. Helping to execute the organization's business strategy
3. Ensuring the right people, are in the right jobs, at the right time
What is involved in the first phase of the human resource planning
process? -ANSWER-Developing Data
, What is the first step an organization needs to complete when
creating a new job/position? -ANSWER-Job analysis
What is involved in the HR programming 3rd phase of human resource
planning process? -ANSWER-Ensuring the organization will have the
needed supply of employees through the execution of either an
attraction action plan or a reduction/redundancy plan
Managerial estimate and nominal grouping technique are both
examples of which forecasting technique? -ANSWER-Judgmental
demand
What is included in a redundancy plan? -ANSWER-Outplacement
counseling
Buyouts
Job transfers
You have already identified who is going to assume the job duties of
the manager who is quitting. Which supply method is being
described? -ANSWER-Replacement Planning
Define supply -ANSWER-The number and types of employees who will
be available now or in the future to fill the jobs