Exam 5: Determining HR Demand

The staffing table presents the total HR demand requirement,laid out in terms of the number of people required by level and function.

Which of the following demand forecasting methods is NOT a quantitative method?

There are six steps associated with the Delphi technique for HR demand forecasting.What is the first step?

In a simple regression,Y is the independent variable.

Times series models use past data to predict future demand.They can range from very simple to highly complex.

The demand for human capital resources is determined by the strategic and operational requirements of the firm or business unit.

An organization is using multiple predictor estimates of the future demand for human resources based on a variety of differing assumptions about how future events will unfold.What type of forecasting technique or analysis is it using?

What type of quantitative forecasting method that attempts to forecast future human capital needs by extrapolating from historical changes in one or more organizational indices?

What would be two human resource quantitative forecasting demand techniques?

HR budgets are a qualitative method of HR demand forecasting that estimates the number and types of personnel required by the organization.

Typically,how is most of the expert information gathered using the Delphi technique?

If there are several dependent variables,then the regression is referred to as multivariate regression analysis.

Researchers have found that experts are very often wrong in their human resources forecasting and that groups of people are very often correct in determining HR demand.Discuss the benefits of using groups of experts in an effort to increase the validity and reliability of both the forecast and the information used to formulate the forecast.

A ratio analysis is a quantitative method of projecting HR demand by analyzing the relationship between an operational index and the number of employees required.

Describe the process of scenario planning,including its strengths and limitations in determining HR demand.

The mominal group technique (NGT)utilizes expert assessments to achieve short-run human resource demand forecasts.

HR budgets are used to forecast the total HR demand requirement for operational or short-run time periods.

Tiger Boots,a footwear retailer,is currently determining its HR demand using ratio analysis.What would be a key operational index used by Tiger Boots in a ratio analysis?

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

The Delphi technique is a process in which the forecasts and judgments of a selected group of experts are solicited and summarized in an attempt to determine the future HR demand.