HR chapter 2 test

What is the primary purpose of human resource planning?

• To increase employee turnover

• To reduce workforce diversity

• To ensure the right people are in the right positions at the right time

• To cut labor costs

What does Human Resource Planning involve?

• Calculating the profit margin

• Forecasting sales revenue

• Identifying and addressing staffing needs

• Setting marketing strategies

Which of the following is not a factor affecting Human Resource Planning?

• Technological changes

• Labor market conditions

• Stock market performance

• Economic conditions

Which section of Human Resource Planning deals with setting goals and action plans?

• Definition and Role of HRP

• Factors Affecting HRP

• Procedure for HRP

• Balancing Demand-Supply

What is the purpose of projecting short-term human resource demand?

• To forecast long-term industry trends

• To address immediate hiring needs

• To plan for workforce diversity

• To reduce employee turnover

Which type of Human Resource Planning projection is influenced by business expansion and new projects?

• Short-term Human resource demand

• Long-term Human resource demand

• Internal supply projection

• External supply projection

What does projecting internal supply involve?

• Assessing talent in the labor market

• Identifying qualified employees within the organization

• Forecasting employee turnover

• Setting recruitment goals

What is external supply projection focused on?

• Assessing the organization's skills gap

• Analyzing the availability of talent in the labor market

• Projecting internal promotions

• Reducing HR surplus

Measures for HR shortage might include:

• Downsizing and redeployment

• Recruitment and training

• Workforce restructuring

• Employee turnover

What is the primary purpose of Human Resource Planning?

• To calculate financial ratios

• To set marketing strategies

• To ensure the organization has the right people in the right positions at the right time

• To maximize shareholder returns