Exam 4: The HR Forecasting Process

Which concept refers to the process of reducing an HR surplus by allowing the size of the workforce to decline naturally from the normal pattern of losses associated with retirements,deaths,and voluntary turnover?

Mentorship is an example of how employees can acquire firm-specific human capital competencies.

HR supply is defined as the organization's projected requirement for human resources.

In a survey of over 150 Canadian firms the Conference Board of Canada found that organizations reported three important long-term HR priorities.What are these priorities?

Workforce planning activities in most Canadian organizations today are based largely on current headcounts of employees or historical requirements for employees.

Which of the following is used by companies to minimize the negative impact on individuals during downsizing?

Human capital theory suggests that it takes time for investments in human capital to produce financial or productivity-based returns to an organization.What is the reason for this?

What type of human capital represents the types of skills that are of equal value to most any company and can be priced in the labour market?

Human capital theory suggests that investments in human capital to produce financial or productivity-based returns can occur quickly in an organization.

A number of skills must be brought together to ensure that effective HR planning can take place.Which one of the following skills has NOT been proposed as critical to the HR planning function?

A data entry clerk uses their knowledge of the processes and people involved in making a change to a data entry screen to cut the time required to implement the change from one week to one day.What type of human capital is this an example of?

A number of skills must be brought together to ensure that effective human resource planning can take place.Discuss two skills that must be available to human resource forecasters.

HR planners must be able to connect business challenges and business requirements to human capital requirements in order to be successful.

Examples of human capital flow factors include promotions and lateral movements.

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

There are a number of advantages of HR forecasting for organizations.Which of the following is one advantage of HR forecasting?

What type of human resource forecasting model is based on human judgment?

The focus on external human capital supply is the key factor in the HR forecasting process.?F (relative balance of internal to external)

Which of the following is one of the forecasting method categories?

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