HRIR EXAM #2 QUESTIONS WITH
COMPLETE SOLUTIONS
regression analysis - Answer-a 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 - Answer-Used 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 - Answer-Internal
Turnover
Employee development
Current workforce profile
Engagement
Performance
Operations
Affect workforce planning
-Sales projections
-Seasonality
-Budgets
-Production capabilities
External - Answer-Economy
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 - Answer--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
Avoid shortage - Answer-Overtime
Temporary employees
Outsourcing
Retained transfers
What are the four main objectives for downsizing? What are the consequences of
downsizing as described in the text? - Answer-1. Reducing costs
2. Replacing labor with technology
3. Mergers and acquisitions
4. Moving to more economical locations
What are the following recruitment considerations as referenced in your book and/or
discussed in class? - Answer-P/O
The person should be matched to the organization
Understands and supports the core values of the organization as a whole
P/J Fit
The person should be matched to the job
Has the right KSAOs
Interested in the work and rewards
Internal vs. external candidates
Received significantly lower performance reviews
61% more likely to be fired from new jobs than those promoted within the firm
Made 18% more money than internal promotes in the same job
External candidates depended on former firm's resources and networks
Passive vs. active candidates
-Find passive in internal job postings, HRIS, succession plans, employee referrals
-Find active in social media, advertising, university relations, career fairs, executive
search firms, employment agencies
COMPLETE SOLUTIONS
regression analysis - Answer-a 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 - Answer-Used 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 - Answer-Internal
Turnover
Employee development
Current workforce profile
Engagement
Performance
Operations
Affect workforce planning
-Sales projections
-Seasonality
-Budgets
-Production capabilities
External - Answer-Economy
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 - Answer--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
Avoid shortage - Answer-Overtime
Temporary employees
Outsourcing
Retained transfers
What are the four main objectives for downsizing? What are the consequences of
downsizing as described in the text? - Answer-1. Reducing costs
2. Replacing labor with technology
3. Mergers and acquisitions
4. Moving to more economical locations
What are the following recruitment considerations as referenced in your book and/or
discussed in class? - Answer-P/O
The person should be matched to the organization
Understands and supports the core values of the organization as a whole
P/J Fit
The person should be matched to the job
Has the right KSAOs
Interested in the work and rewards
Internal vs. external candidates
Received significantly lower performance reviews
61% more likely to be fired from new jobs than those promoted within the firm
Made 18% more money than internal promotes in the same job
External candidates depended on former firm's resources and networks
Passive vs. active candidates
-Find passive in internal job postings, HRIS, succession plans, employee referrals
-Find active in social media, advertising, university relations, career fairs, executive
search firms, employment agencies
