Strategic planning involves a set of procedures for making decisions about an organization’s long-term goals and strategies.

• True

• False

Nuri in the process of recruiting and selecting new employees in a way that caters to the welfare of the organization's existing employees. Nuri is working on human resource planning (HRP).

• True

• False

Changes in labor supply can place limits on the strategies available to firms.

• True

• False

Forecasting is frequently more of an art than a science, providing inexact approximations rather than absolute results.

• True

• False

Describe the basics of SWOT analysis as it relates to strategy formulation.

Answer explanation

strengths, weaknesses, opportunities, and threats (Internal & External)

Describe the three key elements of the HR forecasting model.

Answer explanation

(1) forecasting the demand for labor = number and type of people needed to meet organizational objectives

(2) forecasting the supply of labor, and = sufficient numbers and types of employees available to staff anticipated openings

(3) balancing supply and demand considerations = Demand considerations are based on the forecast of trends in business activity. Supply considerations involve the determination of where and how candidates with the required qualifications are to be found to fill vacancies

A primary reason for using qualitative methods in forecasting is that numbers without context are less useful than forecasted numbers set in their contexts.

• True

• False

A disadvantage of overemphasizing seniority is that less competent employees receive the same rewards and security as more competent employees.

• True

• False

Among Pauly's responsibilities are identifying, developing, and tracking talented individuals so that they may eventually assume top-level positions within the firm. Pauly is responsible for succession planning.

• True

• False

In order to be prepared to quickly fill potential job openings with internal candidates, Marin should use skill and management inventories to create an employee replacement chart.

• True

• False