Exam 5: Determining HR Demand

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

What is the most common operational index used by organizations in a trend analysis?

An organization wants to determine the total HR demand requirement for long-run time periods.What would be the best way to gather this information?

What technique should be used if you want all the participants to have equal participation in the sessions and to minimize dominance,personal attacks,and defensive behaviour?

If HR specialists use multiple predictor estimates of the future demand for personnel based on a variety of differing assumptions about how future events will unfold,what type of forecasting technique or analysis are they using?

​Canadian Engineering Shortages According to a new Engineers Canada labour market projection report,there are currently labour shortages in a number of engineering occupations,particularly civil,mechanical,electrical,and electronic engineers,as well as a shortage of computer engineers at both the provincial and national levels.Occupation data sourced from the Canadian National Household Survey and the Canadian Labour Force Survey indicate that engineering occupations' employment and wages are increasing faster than in other occupations.Unemployment is very low,less than one percent for many engineering occupations,relative to historical data and to other occupation data.Replacement demand for engineers will be particularly relevant over the next decade as the baby boom generation retires.Economic activity is generating a stronger demand for engineers in Western Canada than in Eastern Canada. ​ Out of the fourteen different engineering occupations,the forecast for civil engineers is particularly high.It is projected that there will be an average of 2 500 job openings for civil engineers annually over the next five years.Growth in industries that employ civil engineers will generate about 1 000 of these openings each year.Another 1 500 of these job openings will be related to the replacement of retiring workers,given the high average age of 48 years old for civil engineers. ​ What do the Canadian National Household Survey and the Canadian Labour Force Survey reports attempt to do?

In a simple regression,Y is the independent variable.

In an impact analysis,current trends are analyzed by a panel of experts to predict future HR demand.

Canadian Engineering Shortages According to a new Engineers Canada labour market projection report,there are currently labour shortages in a number of engineering occupations,particularly civil,mechanical,electrical,and electronic engineers,as well as a shortage of computer engineers at both the provincial and national levels.Occupation data sourced from the Canadian National Household Survey and the Canadian Labour Force Survey indicate that engineering occupations' employment and wages are increasing faster than in other occupations.Unemployment is very low,less than one percent for many engineering occupations,relative to historical data and to other occupation data.Replacement demand for engineers will be particularly relevant over the next decade as the baby boom generation retires.Economic activity is generating a stronger demand for engineers in Western Canada than in Eastern Canada. ​ Out of the fourteen different engineering occupations,the forecast for civil engineers is particularly high.It is projected that there will be an average of 2 500 job openings for civil engineers annually over the next five years.Growth in industries that employ civil engineers will generate about 1 000 of these openings each year.Another 1 500 of these job openings will be related to the replacement of retiring workers,given the high average age of 48 years old for civil engineers. What would you call the process described in this scenario?

An organization wants to use a quantitative demand forecasting method.Which of the following is NOT a quantitative method?

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

A regression analysis is a linear equation between a single causal variable and multiple dependent variables.

According to the textbook,what is one disadvantage of the Delphi technique?

According to the textbook,when the Delphi technique was used to identify competencies for research chef,which of the following was NOT a topic for consideration?

Multivariate regression and other similar modelling/programming models depend on large amounts of reliable data.

Which forecasting technique provides a long-run qualitative forecast where experts meet and give their assessments about the future?

Regression analysis is a very effective quantitative forecasting technique for all time horizons.

What would be two human resource qualitative forecasting demand techniques?

A regression analysis is a form of time series design that uses the data from the current year (period)to predict next year's (period's)demand,reflecting a linear relationship.

Which of the following is NOT considered a benefit of the nominal group technique?