Exam 5: Determining HR Demand

The Oakland Athletics baseball team used statistical cause-and-effect models for HR planning.What do cause-and-effect models assume?

Quantitative and qualitative methods are not exclusive methods where the forecaster decides to use one method at the expense of the other.

For a medium-sized Canadian furniture manufacturing company the demand for recliner chairs is fairly stable,because the market for recliner chairs is fairly stable.Since there exists a comparatively high degree of certainty in the market,which of the following forecasting models would be an effective model for assessing the demand for labour for this company?

When trying to forecast the number of employee hours required for work in a retail store during December,the HR planner used last December's ratio of total sales to total hours worked as the basis for an estimate for the current year's needs.What forecasting model is the HR planner using to predict future HR demand?

An organization wants to develop a better understanding of what factors influence demand and supply,and what processes may be causing bottlenecks in the flow of human capital.What would be the best way to gather this information?

Refer to Scenario: Canadian Engineering Shortages.What would you call the process described in this scenario?

The last stage in the nominal group technique is a secret vote that determines the highest ranking for the group's HR demand solution.

The first step in the nominal group technique is to select the experts.

Estimates of the demand for labour in Canada have become increasingly uncertain over the past few years,primarily due to conflicting forces affecting the economy.Describe two of these conflicting forces.

Which of the following is a qualitative human resource forecasting method?

Forecasting demand begins with a clear understanding of how the firm brings value to the customer,and an estimate of the extent to which the market will want to consume the firm's products or services.

Organizations interact with their changing environments.Which of the following is an environment factor that aids HR forecasters in predicting the demand for a particular job?

What would be the first step in HR forecasting once an organization has identified its organizational goals,objectives,and plans?

What sources of information do HR budgets take into consideration when used in forecasting human resource demand?

What would be two human resource qualitative forecasting demand techniques?

There are two main factors that determine whether a quantitative model or qualitative model is a better choice in determining HR demand.Describe these two factors.

What stage in the nominal group technique would typically ask a question like,"What will Concord Corporation's demand for production workers be in the year 2017?"

Another name for the scenario forecast method is the projection forecast method.

In the simple regression prediction model,X represents the independent variable.

There are six steps associated with using the Delphi technique for HR demand forecasting.List these steps.Share an example of how the Delphi technique can be applied in HR forecasting.