Exam 5: Determining HR Demand

What federal government agency provides expert information for labour demand forecasting?

​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 human resource technique is being used to gather the data for the Engineers Canada labour market projection report?

How do the experts finally agree on a solution in the nominal group technique?

What would be two human resource quantitative forecasting demand techniques?

What type of analysis presupposes that a linear relationship exists between sales and the number of employees?

​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. Indicators suggest that the demand for engineering occupations currently exceeds supply at the provincial and national levels.What is this estimate of demand and supply called?

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?

Which of the following is NOT typically considered to be an expert for HR forecasting?

Describe what an "expert" demand forecast is and list five different types of experts who could be involved.Identify and describe two different types of expert forecasting methods.

According to the article entitled "Projecting Labour Demand in Canada," management occupations will feel the most intense pressure from immigration.

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.

In a simple regression equation,there is an assumption of linearity between the independent and dependent variables.

An organization wants to use a qualitative demand forecasting method.Which of the following is a qualitative method?

A staffing table forecasts the total HR demand required for operational or short-run time periods.

Describe how HR Budgets and staffing tables are applied in HR demand forecasting.

In a simple regression prediction model,what does B represent?

Trend analyses are complex since they require the analysis of multiple variables.

What is another name for the dependent variable in the simple regression prediction model?

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

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