Exam 5: The HR Forecasting Process

Worksharing is a provincial government program that aims to help organizations mitigate temporary layoffs through a redistribution of work, earnings, and leisure time.

How many years are typically used for a medium-run HR forecast?

Effective HR forecasting focuses on a comparison between the organization's current stock of workforce knowledge, skills, and abilities and the numbers and skill competencies desired in the workforce in the future.

What type of forecasting is concerned with tracking internal change instituted by the organization's managers?

HR forecasting is more reactive than proactive.

What is created when the HR demand exceeds the current personnel resources available in the organization's workforce?

Forecasting is an accurate reflection of future states and is an activity that strongly favours quantitative and easily codified techniques.

What is the relationship between the accuracy of prediction and the number of forecasting techniques used?

Why are some individuals categorized into designated groups?

Which of the following is NOT a reason that an organization will use external labour?

Models used in HR forecasting typically fall into one of three categories. What do cause-and-effect models assume?

The forecasting term "envelope" is synonymous with the term "projection."

Which concept refers to a prohibition on all external recruiting activities?

Forecasting in terms of two to five years represents a short-run forecast.

What type of forecasting is concerned with changes in the external environment?

Which of the following is NOT related to attrition?

How can organizations reduce their HR costs?

Identify and describe the key personnel categories that are given the most attention by forecasters.

HR demand requirements must be found from either internal or external supplies of personnel.

Effective HR forecasting relies on obtaining a fine balance between global and local control of the process.