Exam 4: The HR Forecasting Process

If an organization does not incorporate information from the external environment,what impact will this have on HR forecasting?

As organizations move away from full-time employment,planners must think more in terms of the types and numbers of jobs that are required to fulfill organizational needs.

In reference to HR forecasting,contingency plans are implemented when severe,unanticipated changes to organizational or environmental factors completely negate the usefulness of the existing HR forecasting predictions or projections.

Which of the following would NOT be considered a "designated group"?

Most organizations define the short-run forecast as the one that identifies requirements for two to five years into the future.

HR forecasting can ensure that the necessary human capital is available to the firm,whether human capital is abundant or scarce in the labour market.

Forecasting tools that are dependent on succession management,and that integrate turnover rates and employee movement such as promotions,are more focused on human capital stocks.

Organization design is an important step in determining the kinds of activities and behaviours that are critical to organizational success.

The Conference Board of Canada found that organizations reported three important long-term HR priorities.What are these priorities?

Refer to an organization you are familiar with either from your own experience,or one you have read about in the news or in your textbook.Define what HR forecasting means and its strategic importance to the organization.

What type of human capital is valuable to the firm and cannot be easily transferred across organizations?

With reference to HR forecasting,how is the envelope analogy used?

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

What is another term used for the knowledge,skills,abilities,and other characteristics (KSAOs)that are necessary for a person to perform well in their job?

In reference to human resource forecasting,envelope is the range of plausible values of a prediction based on a given set of assumptions.

Supply forecasting refers to the process of determining the source or sources of human capital to satisfy the organization's demand.

Firm strategy and environmental scanning are important steps in determining the kinds of activities and behaviours that are critical to organizational success.What HR process helps to determine how the knowledge,skills,abilities,and competencies that are necessary to demonstrate the required activities and behaviours are acquired by the firm?

List and briefly describe the HR programs that can be implemented to address HR surpluses and HR shortages.

The human resource forecasting process often moves from general organizational needs to specific departmental requirements.Describe this human resource forecasting process.?or?The human resource forecasting process in general can be described as following a basic pattern that flows from a macro perspective to a micro perspective.Describe this human resource forecasting process.