what is forecasting? - Answer-the attempts to determine the supply of and demand for various types of HR to predict areas within the organization where there will be labor shortages or surpluses
which part of the HR process is forecasting? - Answer-planning process, the first step in HR planning...
MGT 420 Exam 1 - Chapter 5 Questions
and Answers
what is forecasting? - Answer-the attempts to determine the supply of and demand for
various types of HR to predict areas within the organization where there will be labor
shortages or surpluses
which part of the HR process is forecasting? - Answer-planning process, the first step in
HR planning
what is the primary goal of forecasting? - Answer-to predict which areas of the
organization will experience labor shortages or surpluses
strategies for eliminating labor surpluses - Answer-downsizing, pay reductions,
demotions, transfers, work sharing, hiring freeze, natural attrition, early retirement, and
retraining
strategies for avoiding a shortage - Answer-overtime, temporary employees,
outsourcing, retrained transfers, turnover reductions, new external hires, and
technological innovation
strategies for surpluses that have fast results and high suffering for employees -
Answer-downsizing and demotions
strategies for surpluses that have fast results and moderate suffering of employees -
Answer-transfers and work sharing
strategies for surpluses that have slow results and low suffering of employees - Answer-
hiring freeze, natural attrition, early retirement, and retraining
strategies for shortages that have fast results and high suffering of employees - Answer-
overtime and temporary employees
strategies for shortages that have slow results and high suffering of employees -
Answer-retrained transfers
strategies for shortages that have slow results and moderate suffering of employees -
Answer-turnover reductions
strategies for shortages that have slow results and low moderate suffering of employees
- Answer-new external hire and technological innovation
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