Exam 4: The HR Forecasting Process

Transaction-based forecasting is concerned with changes in the external environment.

The demand for and supply of workers need to be determined before the senior management team can decide on the organizational strategy and specific programs to reconcile the differences between the requirement for labour in various employment categories and its availability,both internally and in the organization's environment.

​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." Which two factors would the HR manager take to ensure the HR forecasting process is successful?

Which of the following would NOT be considered a "designated group"?

Which concept refers to a prohibition on all external recruiting activities?

HR forecasting is referred to as the "heart" of the HR planning process.

What type of forecasting is concerned with changes in the external environment?

What is HR forecasting? Briefly describe the advantages that accrue to organizations from instituting effective HR forecasting procedures.

HR shortage = HR demand < HR internal supply.

HR supply is defined as the organization's projected requirement for human resources.

What type of forecasting occurs in the range of two to five years?

What HR concept is defined as several HR estimates based on a variety of assumptions?

​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 the most important HR action that Turtle Tanks Inc.is currently taking?

HR demand requirements must be found from either internal or external supplies of personnel.

With respect to HR forecasting,when would it be suitable to hire external candidates instead of considering internal recruits?

Effective HR forecasting focuses on a comparison between an organization's current stock of workforce knowledge,skills,and abilities and the numbers and skill competencies desired in the workforce in the future.

​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 might be a strong reason for the HR manager to consider external recruitment methods?

HR forecasting is more reactive than proactive.

What is created when the HR supply exceeds the current personnel resources available in the organization's workforce?

What HR concept is defined as a single numerical estimate of HR requirements associated with a specific time horizon and set of assumptions?