Exam 4: The HR Forecasting Process

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What is the external HR supply,given that the organization has a workforce of 1 500,its historical annual replacement/loss rate is 5 percent,and its desired future growth rate is 12 percent? Round to nearest whole number.

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D

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

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C

Which of the following is NOT a reason that an organization will use external labour?

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A

​Turtle Tanks Inc. Turtle Tanks Inc.designs and manufactures spherical-shaped septic tanks that,unlike rectangular tanks,are not buoyant when buried in land and that stay put in high water tables.There is increased demand for them at resort and recreational properties,particularly lakeshore properties across Canada where buildings cannot be hooked up to municipal sewer systems.Among the many benefits of this product is that it meets high environmental standards and has recently won several "green product" awards.The company's main office and manufacturing plant is located in Kelowna,B.C. ,but over the past two years,the company has expanded.It now has service offices in all provinces and one manufacturing plant in Winnipeg,Manitoba.As a result of the company's continued major expansion,it anticipates that the required number of employees for locations outside B.C.will increase by 20 percent this year and that the need for local Kelowna employees will decrease by 10 percent.Turtle Tanks Inc.currently has 85 full-time employees.The Kelowna operations began the year with three extra senior civil construction engineers and five extra construction labourers.The growth in demand for construction engineers has been strong due to the economic developments in Turtle Tanks Inc.'s external environment and the scarcity of competitors.The plant in Winnipeg,Manitoba,began the year short of two senior civil construction engineers,four concrete finishers,and two entry-level office administration positions.The Kelowna office manager,who oversees all the offices across Canada,has recently decided to take early retirement.The owner also hopes to retire within the next few years but has no plans concerning who will take over the company.The HR manager,based in Kelowna,is very busy developing staffing policies and processes to guide and support this expansion.She has developed job descriptions to ascertain if job candidates possess the required knowledge,skills,and abilities to perform their jobs.She has also developed behavioural-based interview questions that can ascertain whether a job applicant will fit into the corporate culture of green sustainable practices of "people and the environment" and the key corporate values of "quality,environmental responsibility,and integrity." What legislation is particularly relevant to HR forecasting at Turtle Tanks Inc.?

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Attrition is the process of reducing an HR surplus by allowing the size of the workforce to decline naturally due to layoffs and other forms of involuntary turnover.

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Which of the following is NOT an internal factor that will affect HR demand?

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Turtle Tanks Inc. Turtle Tanks Inc.designs and manufactures spherical-shaped septic tanks that,unlike rectangular tanks,are not buoyant when buried in land and that stay put in high water tables.There is increased demand for them at resort and recreational properties,particularly lakeshore properties across Canada where buildings cannot be hooked up to municipal sewer systems.Among the many benefits of this product is that it meets high environmental standards and has recently won several "green product" awards.The company's main office and manufacturing plant is located in Kelowna,B.C. ,but over the past two years,the company has expanded.It now has service offices in all provinces and one manufacturing plant in Winnipeg,Manitoba.As a result of the company's continued major expansion,it anticipates that the required number of employees for locations outside B.C.will increase by 20 percent this year and that the need for local Kelowna employees will decrease by 10 percent.Turtle Tanks Inc.currently has 85 full-time employees.The Kelowna operations began the year with three extra senior civil construction engineers and five extra construction labourers.The growth in demand for construction engineers has been strong due to the economic developments in Turtle Tanks Inc.'s external environment and the scarcity of competitors.The plant in Winnipeg,Manitoba,began the year short of two senior civil construction engineers,four concrete finishers,and two entry-level office administration positions.The Kelowna office manager,who oversees all the offices across Canada,has recently decided to take early retirement.The owner also hopes to retire within the next few years but has no plans concerning who will take over the company.The HR manager,based in Kelowna,is very busy developing staffing policies and processes to guide and support this expansion.She has developed job descriptions to ascertain if job candidates possess the required knowledge,skills,and abilities to perform their jobs.She has also developed behavioural-based interview questions that can ascertain whether a job applicant will fit into the corporate culture of green sustainable practices of "people and the environment" and the key corporate values of "quality,environmental responsibility,and integrity." What would be the most effective strategy to deal with the engineer shortages in Winnipeg,Manitoba?

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How many years are typically used for a medium-run HR forecast?

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What is the relationship between the accuracy of prediction and the number of forecasting techniques?

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​Turtle Tanks Inc. Turtle Tanks Inc.designs and manufactures spherical-shaped septic tanks that,unlike rectangular tanks,are not buoyant when buried in land and that stay put in high water tables.There is increased demand for them at resort and recreational properties,particularly lakeshore properties across Canada where buildings cannot be hooked up to municipal sewer systems.Among the many benefits of this product is that it meets high environmental standards and has recently won several "green product" awards.The company's main office and manufacturing plant is located in Kelowna,B.C. ,but over the past two years,the company has expanded.It now has service offices in all provinces and one manufacturing plant in Winnipeg,Manitoba.As a result of the company's continued major expansion,it anticipates that the required number of employees for locations outside B.C.will increase by 20 percent this year and that the need for local Kelowna employees will decrease by 10 percent.Turtle Tanks Inc.currently has 85 full-time employees.The Kelowna operations began the year with three extra senior civil construction engineers and five extra construction labourers.The growth in demand for construction engineers has been strong due to the economic developments in Turtle Tanks Inc.'s external environment and the scarcity of competitors.The plant in Winnipeg,Manitoba,began the year short of two senior civil construction engineers,four concrete finishers,and two entry-level office administration positions.The Kelowna office manager,who oversees all the offices across Canada,has recently decided to take early retirement.The owner also hopes to retire within the next few years but has no plans concerning who will take over the company.The HR manager,based in Kelowna,is very busy developing staffing policies and processes to guide and support this expansion.She has developed job descriptions to ascertain if job candidates possess the required knowledge,skills,and abilities to perform their jobs.She has also developed behavioural-based interview questions that can ascertain whether a job applicant will fit into the corporate culture of green sustainable practices of "people and the environment" and the key corporate values of "quality,environmental responsibility,and integrity." In which process does the HR manager locate and encourage potential applicants to apply for jobs with the purpose of having a large pool of qualified people to work in the organization?

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Turtle Tanks Inc. Turtle Tanks Inc.designs and manufactures spherical-shaped septic tanks that,unlike rectangular tanks,are not buoyant when buried in land and that stay put in high water tables.There is increased demand for them at resort and recreational properties,particularly lakeshore properties across Canada where buildings cannot be hooked up to municipal sewer systems.Among the many benefits of this product is that it meets high environmental standards and has recently won several "green product" awards.The company's main office and manufacturing plant is located in Kelowna,B.C. ,but over the past two years,the company has expanded.It now has service offices in all provinces and one manufacturing plant in Winnipeg,Manitoba.As a result of the company's continued major expansion,it anticipates that the required number of employees for locations outside B.C.will increase by 20 percent this year and that the need for local Kelowna employees will decrease by 10 percent.Turtle Tanks Inc.currently has 85 full-time employees.The Kelowna operations began the year with three extra senior civil construction engineers and five extra construction labourers.The growth in demand for construction engineers has been strong due to the economic developments in Turtle Tanks Inc.'s external environment and the scarcity of competitors.The plant in Winnipeg,Manitoba,began the year short of two senior civil construction engineers,four concrete finishers,and two entry-level office administration positions.The Kelowna office manager,who oversees all the offices across Canada,has recently decided to take early retirement.The owner also hopes to retire within the next few years but has no plans concerning who will take over the company.The HR manager,based in Kelowna,is very busy developing staffing policies and processes to guide and support this expansion.She has developed job descriptions to ascertain if job candidates possess the required knowledge,skills,and abilities to perform their jobs.She has also developed behavioural-based interview questions that can ascertain whether a job applicant will fit into the corporate culture of green sustainable practices of "people and the environment" and the key corporate values of "quality,environmental responsibility,and integrity." ​ What would be the most useful approach to use to help find a replacement for the Kelowna office manager?

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Forecasting in terms of two to five years represents a short-run forecast.

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Persons who have invisible disabilities would constitute a "designated group" with respect to hiring in Canada.

(True/False)
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​Turtle Tanks Inc. Turtle Tanks Inc.designs and manufactures spherical-shaped septic tanks that,unlike rectangular tanks,are not buoyant when buried in land and that stay put in high water tables.There is increased demand for them at resort and recreational properties,particularly lakeshore properties across Canada where buildings cannot be hooked up to municipal sewer systems.Among the many benefits of this product is that it meets high environmental standards and has recently won several "green product" awards.The company's main office and manufacturing plant is located in Kelowna,B.C. ,but over the past two years,the company has expanded.It now has service offices in all provinces and one manufacturing plant in Winnipeg,Manitoba.As a result of the company's continued major expansion,it anticipates that the required number of employees for locations outside B.C.will increase by 20 percent this year and that the need for local Kelowna employees will decrease by 10 percent.Turtle Tanks Inc.currently has 85 full-time employees.The Kelowna operations began the year with three extra senior civil construction engineers and five extra construction labourers.The growth in demand for construction engineers has been strong due to the economic developments in Turtle Tanks Inc.'s external environment and the scarcity of competitors.The plant in Winnipeg,Manitoba,began the year short of two senior civil construction engineers,four concrete finishers,and two entry-level office administration positions.The Kelowna office manager,who oversees all the offices across Canada,has recently decided to take early retirement.The owner also hopes to retire within the next few years but has no plans concerning who will take over the company.The HR manager,based in Kelowna,is very busy developing staffing policies and processes to guide and support this expansion.She has developed job descriptions to ascertain if job candidates possess the required knowledge,skills,and abilities to perform their jobs.She has also developed behavioural-based interview questions that can ascertain whether a job applicant will fit into the corporate culture of green sustainable practices of "people and the environment" and the key corporate values of "quality,environmental responsibility,and integrity." Due to safety reasons and skill requirements,Manitoba requires all concrete finishers to either be a registered apprentice or a certified journey person.What would be the most effective strategy to deal with the concrete finisher shortages?

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What type of forecasting focuses on tracking instituted by an organization's managers?

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​Turtle Tanks Inc. Turtle Tanks Inc.designs and manufactures spherical-shaped septic tanks that,unlike rectangular tanks,are not buoyant when buried in land and that stay put in high water tables.There is increased demand for them at resort and recreational properties,particularly lakeshore properties across Canada where buildings cannot be hooked up to municipal sewer systems.Among the many benefits of this product is that it meets high environmental standards and has recently won several "green product" awards.The company's main office and manufacturing plant is located in Kelowna,B.C. ,but over the past two years,the company has expanded.It now has service offices in all provinces and one manufacturing plant in Winnipeg,Manitoba.As a result of the company's continued major expansion,it anticipates that the required number of employees for locations outside B.C.will increase by 20 percent this year and that the need for local Kelowna employees will decrease by 10 percent.Turtle Tanks Inc.currently has 85 full-time employees.The Kelowna operations began the year with three extra senior civil construction engineers and five extra construction labourers.The growth in demand for construction engineers has been strong due to the economic developments in Turtle Tanks Inc.'s external environment and the scarcity of competitors.The plant in Winnipeg,Manitoba,began the year short of two senior civil construction engineers,four concrete finishers,and two entry-level office administration positions.The Kelowna office manager,who oversees all the offices across Canada,has recently decided to take early retirement.The owner also hopes to retire within the next few years but has no plans concerning who will take over the company.The HR manager,based in Kelowna,is very busy developing staffing policies and processes to guide and support this expansion.She has developed job descriptions to ascertain if job candidates possess the required knowledge,skills,and abilities to perform their jobs.She has also developed behavioural-based interview questions that can ascertain whether a job applicant will fit into the corporate culture of green sustainable practices of "people and the environment" and the key corporate values of "quality,environmental responsibility,and integrity." ​ What is taking place in the last sentence of the scenario?

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Which concept refers to a proposed sequence of events with its own set of assumptions and associated program details?

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What is the first step taken in an effective HR forecasting process?

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What type of forecasting is concerned with tracking internal change instituted by the organization's managers?

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​Turtle Tanks Inc. Turtle Tanks Inc.designs and manufactures spherical-shaped septic tanks that,unlike rectangular tanks,are not buoyant when buried in land and that stay put in high water tables.There is increased demand for them at resort and recreational properties,particularly lakeshore properties across Canada where buildings cannot be hooked up to municipal sewer systems.Among the many benefits of this product is that it meets high environmental standards and has recently won several "green product" awards.The company's main office and manufacturing plant is located in Kelowna,B.C. ,but over the past two years,the company has expanded.It now has service offices in all provinces and one manufacturing plant in Winnipeg,Manitoba.As a result of the company's continued major expansion,it anticipates that the required number of employees for locations outside B.C.will increase by 20 percent this year and that the need for local Kelowna employees will decrease by 10 percent.Turtle Tanks Inc.currently has 85 full-time employees.The Kelowna operations began the year with three extra senior civil construction engineers and five extra construction labourers.The growth in demand for construction engineers has been strong due to the economic developments in Turtle Tanks Inc.'s external environment and the scarcity of competitors.The plant in Winnipeg,Manitoba,began the year short of two senior civil construction engineers,four concrete finishers,and two entry-level office administration positions.The Kelowna office manager,who oversees all the offices across Canada,has recently decided to take early retirement.The owner also hopes to retire within the next few years but has no plans concerning who will take over the company.The HR manager,based in Kelowna,is very busy developing staffing policies and processes to guide and support this expansion.She has developed job descriptions to ascertain if job candidates possess the required knowledge,skills,and abilities to perform their jobs.She has also developed behavioural-based interview questions that can ascertain whether a job applicant will fit into the corporate culture of green sustainable practices of "people and the environment" and the key corporate values of "quality,environmental responsibility,and integrity." ​ What human resource forecasting model is Turtle Tanks Inc.using?

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