HRIR Exam 2 (2024 Questions &
answers 100% correct)
1. What are the main purposes of workforce planning? - ANSWERS-Identifies workforce
requirements needed for strategic plan
-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. - ANSWERS
Be able to explain forecasting - ANSWERSForecasting- determines supply and demand
to predict areas within the organization where there will be labor shortages or surpluses.
Be able to explain trend analysis, ratio analysis, and regression analysis -
ANSWERSTrend analysis - Forecasting using a fit line to a historical trend
Ratio analysis - Supplementing trend analysis by adding operational info like employees
per sale etc
Regression supplements ratio analysis by adding multiple levels of operational info into
staffing level requirements
Be able to explain a transitional matrix - ANSWERS- Used to predict availabilities on the
basis of historical patterns of job stability and movement among employees
- Type of trend analysis
- Answers the questions:
----Where are people now?
----Where are people going?
How do internal and external considerations affect workforce planning? -
ANSWERSInternal:
-Turnover
-Employee development
-Current workforce profile
-Current engagement levels
-Employee performance
, -Operations, process efficiencies
-Technology improvements
External:
-Economy
-Competitors
-Threat of Substitution
-Legislation
-Labor Market
-Globalization
-Technology
-Suppliers
-Customer Demands
-Geography
-Societal changes
What are the main objectives for downsizing? What are the consequences of
downsizing as described in the text? - ANSWERSReducing costs
Replacing labor with tech
M&A
Moving to more economic locations
We looked at several recruitment videos in class, review your notes from our
discussion. - ANSWERS
Describe P/O, P/J fit recruitment consideration - ANSWERSP/O - Person/Org
P/J - Person/Job
Describe internal vs external candidate recruitment consideration - ANSWERSExternal:
lower performing, more likely to be fired, and made 18% more money than internal
promotions
Internal: Describe ways that we can eliminate a labor surplus and avoid a labor
shortage. There were two charts in your textbook and we looked at them in class as
well. - ANSWERSReducing a surplus:
- Downsizing
- Pay reductions
- Demotions
- Transfers
- Work sharing
answers 100% correct)
1. What are the main purposes of workforce planning? - ANSWERS-Identifies workforce
requirements needed for strategic plan
-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. - ANSWERS
Be able to explain forecasting - ANSWERSForecasting- determines supply and demand
to predict areas within the organization where there will be labor shortages or surpluses.
Be able to explain trend analysis, ratio analysis, and regression analysis -
ANSWERSTrend analysis - Forecasting using a fit line to a historical trend
Ratio analysis - Supplementing trend analysis by adding operational info like employees
per sale etc
Regression supplements ratio analysis by adding multiple levels of operational info into
staffing level requirements
Be able to explain a transitional matrix - ANSWERS- Used to predict availabilities on the
basis of historical patterns of job stability and movement among employees
- Type of trend analysis
- Answers the questions:
----Where are people now?
----Where are people going?
How do internal and external considerations affect workforce planning? -
ANSWERSInternal:
-Turnover
-Employee development
-Current workforce profile
-Current engagement levels
-Employee performance
, -Operations, process efficiencies
-Technology improvements
External:
-Economy
-Competitors
-Threat of Substitution
-Legislation
-Labor Market
-Globalization
-Technology
-Suppliers
-Customer Demands
-Geography
-Societal changes
What are the main objectives for downsizing? What are the consequences of
downsizing as described in the text? - ANSWERSReducing costs
Replacing labor with tech
M&A
Moving to more economic locations
We looked at several recruitment videos in class, review your notes from our
discussion. - ANSWERS
Describe P/O, P/J fit recruitment consideration - ANSWERSP/O - Person/Org
P/J - Person/Job
Describe internal vs external candidate recruitment consideration - ANSWERSExternal:
lower performing, more likely to be fired, and made 18% more money than internal
promotions
Internal: Describe ways that we can eliminate a labor surplus and avoid a labor
shortage. There were two charts in your textbook and we looked at them in class as
well. - ANSWERSReducing a surplus:
- Downsizing
- Pay reductions
- Demotions
- Transfers
- Work sharing
