MHR 523 || QUESTIONS WITH COMPLETE
SOLUTIONS!!
Human Resource Planning correct answer Process to ensure that an organization has people
available (employed) who have the right competencies and that these people are being
effectively utilized in the right capacities in order for the company to achieve its desired
objectives
Forecasting Labor Supply correct answer considerations: changes to the external labour force
techniques used: replacements charts and replacement summary
Forecasting Labor Demand correct answer quantitative and qualitative techniques
Quantitative Techniques correct answer - trend analysis
- ratio analysis
- scatterplots
- regression analysis
Qualitative Techniques correct answer - nominal group technique
- delphi technique
gap analysis correct answer comparing labor supply and demand forecasts to identify future
talent needs
Solution Analysis correct answer Determine the next course of action to reach the point of a
labour equilibrium
Human resource planning helps: correct answer - meet strategic goals & objectives
- achieve economies in hiring new workers
- make major market labour demands successfully
- anticipate and avoid shortages and surpluses of human resources
- control or reduce labour costs
Steps in HR Planning correct answer step 1: Forecast demand for labour
step 2: determine supply of labour- external or internal
step 3: identify the gap between demand and supply
step 4: determine action plans to eliminate the gap
Steps in HR Planning correct answer step 1: assess current employee levels (SAP and
PeopleSoft)
step 2: predict future needs
step 3: predict employee movement
step 4: plan external hiring needs
Oversupply correct answer attrition, leave of absence without pay, job sharing, reduced hours
, shortage correct answer full-time part-time hiring, independent contractors, use of overtime,
retention strategies
trend analysis correct answer The study of a firm's past employment levels over a period of
years to predict future needs
ratio analysis correct answer A forecasting technique for determining future staff needs by
using ratios between, for example, sales volume and number of employees needed.
nominal group technique correct answer involves a group of experts meeting face to face,
steps included independent idea generation, clarification and open discussion, and private
assessment
nominal group technique correct answer you are the HR manager of a company and the CEO
has asked you to assist in bed for casting future HR needs. she would like to use a technique
amount directors and would leave greater results
Delphi Technique correct answer A judgmental forecasting method used to arrive at a group
decision, typically involving outside experts as well as organizational employees. Ideas are
exchanged without face-to-face interaction and feedback is provided and used to fine-tune
independent judgments until a consensus is reached.
forecasting supply for internal candidates correct answer skills inventories, replacement
charts, & markovs analysis
skill inventories correct answer Manual or computerized records summarizing employees'
education, experience, interests, skills, and so on, which are used to identify internal
candidates eligible for transfer or promotion.
forecasting the supply for inside candidates: what is used for internal promotion/transfer?
correct answer skill inventories
replacement chart correct answer A visual representation of which employee will replace the
existing incumbent in a designated position when it becomes vacant.
What chart represents who will replace who? correct answer replacement charts
what are the readiness codes in replacement charts correct answer A- ready now
B -ready a year from now
C- ready in two years from now
D- readiness not determined
in replacement chart what does D3 means? correct answer Readiness not determined,
unacceptable performance
Markov Analysis correct answer a method of forecasting internal labour supply that involves
tracking the pattern of employee movements through various jobs and developing a
transitional probability matrix
SOLUTIONS!!
Human Resource Planning correct answer Process to ensure that an organization has people
available (employed) who have the right competencies and that these people are being
effectively utilized in the right capacities in order for the company to achieve its desired
objectives
Forecasting Labor Supply correct answer considerations: changes to the external labour force
techniques used: replacements charts and replacement summary
Forecasting Labor Demand correct answer quantitative and qualitative techniques
Quantitative Techniques correct answer - trend analysis
- ratio analysis
- scatterplots
- regression analysis
Qualitative Techniques correct answer - nominal group technique
- delphi technique
gap analysis correct answer comparing labor supply and demand forecasts to identify future
talent needs
Solution Analysis correct answer Determine the next course of action to reach the point of a
labour equilibrium
Human resource planning helps: correct answer - meet strategic goals & objectives
- achieve economies in hiring new workers
- make major market labour demands successfully
- anticipate and avoid shortages and surpluses of human resources
- control or reduce labour costs
Steps in HR Planning correct answer step 1: Forecast demand for labour
step 2: determine supply of labour- external or internal
step 3: identify the gap between demand and supply
step 4: determine action plans to eliminate the gap
Steps in HR Planning correct answer step 1: assess current employee levels (SAP and
PeopleSoft)
step 2: predict future needs
step 3: predict employee movement
step 4: plan external hiring needs
Oversupply correct answer attrition, leave of absence without pay, job sharing, reduced hours
, shortage correct answer full-time part-time hiring, independent contractors, use of overtime,
retention strategies
trend analysis correct answer The study of a firm's past employment levels over a period of
years to predict future needs
ratio analysis correct answer A forecasting technique for determining future staff needs by
using ratios between, for example, sales volume and number of employees needed.
nominal group technique correct answer involves a group of experts meeting face to face,
steps included independent idea generation, clarification and open discussion, and private
assessment
nominal group technique correct answer you are the HR manager of a company and the CEO
has asked you to assist in bed for casting future HR needs. she would like to use a technique
amount directors and would leave greater results
Delphi Technique correct answer A judgmental forecasting method used to arrive at a group
decision, typically involving outside experts as well as organizational employees. Ideas are
exchanged without face-to-face interaction and feedback is provided and used to fine-tune
independent judgments until a consensus is reached.
forecasting supply for internal candidates correct answer skills inventories, replacement
charts, & markovs analysis
skill inventories correct answer Manual or computerized records summarizing employees'
education, experience, interests, skills, and so on, which are used to identify internal
candidates eligible for transfer or promotion.
forecasting the supply for inside candidates: what is used for internal promotion/transfer?
correct answer skill inventories
replacement chart correct answer A visual representation of which employee will replace the
existing incumbent in a designated position when it becomes vacant.
What chart represents who will replace who? correct answer replacement charts
what are the readiness codes in replacement charts correct answer A- ready now
B -ready a year from now
C- ready in two years from now
D- readiness not determined
in replacement chart what does D3 means? correct answer Readiness not determined,
unacceptable performance
Markov Analysis correct answer a method of forecasting internal labour supply that involves
tracking the pattern of employee movements through various jobs and developing a
transitional probability matrix
