WGU D351 v2 Topic 3
List the ways that human resource planning (HRP) helps organizations. - ✔️✔️Reduce
cost so there isn't a surplus of people, planning employee development and to use
those employees strengths, improve business planning process, provide more
opportunities for women and minorities, promote awareness and importance of HRM
through the workplace, evaluating the effect of HR actions and policies.
How has technology influenced HRP? - ✔️✔️It is easier to be able to compile data
about employees in one place for convenient access,
What are the 4 steps (phases) in the HR planning process? What happens during each
step/phase? - ✔️✔️Gathering, analyzing, and forecasting data to develop an HR
supply and demand forecast
What are the two common forecasting techniques used to project the organization's
demand for human resources? - ✔️✔️Judgemental and statistical
What are the six statistical forecasting methods? - ✔️✔️simple linear regression
(increased sales mean we will need to have more CSR), multiple linear regression
(mulitple factors instead of just one. sales increase which increases are need for CSR,
computing space for new clients) productivity ratio ( historical data are used to examine
the past level of a productivity index), HR ratio (past HR data are examined to
determine historical relationships among employees in various jobs or job categories),
time series analysis (Past staffing levels are examined in order to isolate seasonal and
cyclical variations, long-term trends, and random movements.), stochastic ratios (the
likelihood of landing a series of contracts is combined with the HR requirements for
each contract, in order to estimate expected staffing requirements.)
What are the three judgmental forecasting methods? - ✔️✔️Managerial estimates (in
financial institutions like banks, a bottom-up approach is often used, where each branch
passes its estimates to the head office.) delphi technique (large number of experts take
turns presenting a forecast statement and assumptions. An intermediary passes each
expert's forecast and assumptions to the others, who then make revisions to their own
forecasts) Nominal grouping technique (several people sit around a conference table
and independently list their ideas on a sheet of paper. After ten to twenty minutes, they
take turns expressing their ideas to the group. As these ideas are presented, they are
recorded on larger sheets of paper so that everyone can see all the ideas and refer to
them in later parts of the session.)
List an example of a variable. - ✔️✔️What can change, if we sell X number of contracts
how many employees will we need
List the ways that human resource planning (HRP) helps organizations. - ✔️✔️Reduce
cost so there isn't a surplus of people, planning employee development and to use
those employees strengths, improve business planning process, provide more
opportunities for women and minorities, promote awareness and importance of HRM
through the workplace, evaluating the effect of HR actions and policies.
How has technology influenced HRP? - ✔️✔️It is easier to be able to compile data
about employees in one place for convenient access,
What are the 4 steps (phases) in the HR planning process? What happens during each
step/phase? - ✔️✔️Gathering, analyzing, and forecasting data to develop an HR
supply and demand forecast
What are the two common forecasting techniques used to project the organization's
demand for human resources? - ✔️✔️Judgemental and statistical
What are the six statistical forecasting methods? - ✔️✔️simple linear regression
(increased sales mean we will need to have more CSR), multiple linear regression
(mulitple factors instead of just one. sales increase which increases are need for CSR,
computing space for new clients) productivity ratio ( historical data are used to examine
the past level of a productivity index), HR ratio (past HR data are examined to
determine historical relationships among employees in various jobs or job categories),
time series analysis (Past staffing levels are examined in order to isolate seasonal and
cyclical variations, long-term trends, and random movements.), stochastic ratios (the
likelihood of landing a series of contracts is combined with the HR requirements for
each contract, in order to estimate expected staffing requirements.)
What are the three judgmental forecasting methods? - ✔️✔️Managerial estimates (in
financial institutions like banks, a bottom-up approach is often used, where each branch
passes its estimates to the head office.) delphi technique (large number of experts take
turns presenting a forecast statement and assumptions. An intermediary passes each
expert's forecast and assumptions to the others, who then make revisions to their own
forecasts) Nominal grouping technique (several people sit around a conference table
and independently list their ideas on a sheet of paper. After ten to twenty minutes, they
take turns expressing their ideas to the group. As these ideas are presented, they are
recorded on larger sheets of paper so that everyone can see all the ideas and refer to
them in later parts of the session.)
List an example of a variable. - ✔️✔️What can change, if we sell X number of contracts
how many employees will we need
