Exam 2: Strategy and Human Resources Planning

Kappa Technology is a firm in the high-technology sector. It needs to hire individuals with very specific knowledge and abilities, and it needs to do so quickly. Which of the following aspects of employee forecasting will be most important for this company?

Forecasting may be as informal as having one person familiar with the organization anticipate HR needs.

Which of the following best describes the skills of contract labour workers?

Organizational core values are the strong enduring beliefs and principles that a company uses as a foundation for its decisions.

The utilization of advanced technology is generally accompanied by more demand for low-skilled workers and less demand for high-skilled workers.

Which of the following terms refers to the systematic, regular monitoring of major external forces influencing the organization?

Human resources planning plays a key role in organizational strategy implementation because organizational leaders must make decisions regarding resource allocations to human capital, among other things.

Core competencies are integrated skills and knowledge sets within an organization that distinguish it from its competitors and deliver value to customers.

Human resources planning (HRP) is the conducting of recruitment and selection methods according to a strategic plan.

Environmental scanning involves the systematic monitoring of internal factors influencing the organization.

What is the most important information obtained from a Markov analysis?

National and regional unemployment rates are often considered a general barometer of labour supply.

Succession planning is the process of identifying, developing, and tracking key individuals so that they may eventually assume top-level positions.

The Delphi technique works best in organizations where dynamic technological changes affect staffing levels.

Replacement charts are listings of current jobholders who are potential replacements if an opening occurs.

Which of the following should you take into account when forecasting demand?

Through human resources planning, organizations strive for a proper balance between demand considerations and supply considerations.

Internal fit (or alignment) means that HR practices are aligned with one another in a mutually reinforcing configuration.

The number of hours that Canadians work per week has been trending downward and now hovers around 33 hours a week.

Which of the following terms refers to reducing the workforce through the departure of employees who resign or retire?