Exam 5: Forecasting and Planning

A ratio analysis assumes that the ratio between the number of employees needed and certain business metrics is highly variable.

Describe the five steps in the workforce planning process.

Anna is the manager of human resources at Alcatec Inc.She is comparing the number of employees required over the next six months versus the capabilities of her existing workforce adjusted for attrition.She is trying to identify any gaps between the two.Which step of the workforce planning process is discussed here?

The most comprehensive source of free data on conditions in the U.S.labor market is the U.S.Bureau of Labor Statistics (BLS).

A Japanese company that makes electronic watches exports 90 percent of its products to the United States.Which of the following will happen if the dollar strengthens against the Japanese Yen?

A transition matrix can be used to model the flow internally of human resources.

Talent inventories are detailed records or databases that summarize each employee's skills,competencies,education,training,previous performance reviews,and future promotions.

Which term refers to the proportion of applicants moving from one stage of the hiring process to the next?

________ forecasting uses historical data on the average number of hires typically made per recruiter or the average number of recruits processed per recruiter over a given period of time,say,a week,month,or year.

Scatter plots show graphically how two different variables are related.