L5 HR Planning

Before embarking on an HR planning exercise

• A)   the current internal labour force must be assessed.

• B)   results must be monitored and analyzed.

• C)   jobs must be restructured.

• D)   a forecast of potential external candidates must be conducted.

• E) supply and demand must be balanced

1Metro Mixes wants to hire a bartender. The estimate for their local market is that there under 100 unemployed bartenders, but 100 active job postings for bartenders. What does this indicate from an HR planning perspective?

• A)   A labour shortage

• B)   A labour surplus

• C)   A labour equilibrium

• D)   A skills mismatch

• E)   Underemployment

The demographics of those in a population, such as education levels, age, gender, etc., are referred to as

• A)   labour market conditions.

• B)   occupational market conditions.

• C)   general economic conditions.

• D)   future needs.

• E)   projected turnover.

The method of forecasting internal labour supply that involves tracking the pattern of employee movements through various jobs and developing a transitional probability matrix is known as

• A)   a trend analysis.

• B)   a ratio analysis.

• C)   a multiple regression analysis.

• D)   a Markov analysis.

• E)   computerized forecasting.

The economy is booming and unemployment rates are low. What obstacle will HR managers face when they want to hire more workers?

• A)   A smaller labour supply

• B)   Less difficulty with recruitment

• C)   A larger labour supply

• D)   A more skilled labour supply

• E)   More third-party subcontractors

Which of the following is a qualitative (text focused) approach to forecasting human resources needs?

• A)   Regression analysis

• B)   The nominal group technique

• C)   A scatter plot

• D)   Trend analysis

• E)   Ratio analysis

Sheila is helping a Sales Manager determine if the sales department should hire more people. They are comparing the sales volume with the number of salespeople. Which HR forecasting approach is Sheila and the Sales Manager using?

• A)   A scatter plot

• B)   Time-series analysis

• C)   Trend analysis

• D)   Regression analysis

• E)   Ratio analysis

Permitting a group of outside experts as well as company employees to critically evaluate a wide range of views is an advantage of which forecasting technique?

• A)   An informal expert forecast

• B)   The nominal group technique

• C)   The Delphi technique

• D)   A formal expert forecast

• E)   Managerial judgment