WGU D351 v2 Topic 3 Questions and Answers (Graded A)
3 views 0 purchase
Course
WGU D351 v2 Topic 3
Institution
WGU D351 V2 Topic 3
WGU D351 v2 Topic 3 Questions and Answers (Graded A)WGU D351 v2 Topic 3 Questions and Answers (Graded A)WGU D351 v2 Topic 3 Questions and Answers (Graded A)
Define the term "demand" in terms of HRM. - ANSWER-understand the companies human capital needs
Define the term "supply" in terms of HRM. ...
WGU D351 v2 Topic 3 Questions and
Answers (Graded A)
Define the term "demand" in terms of HRM. - ANSWER-understand the companies
human capital needs
Define the term "supply" in terms of HRM. - ANSWER-who is available to fill those
needs
List the ways that human resource planning (HRP) helps organizations. - ANSWER-
Reduce cost so there isn't a surplus of people, planning employee development and to
use those employees strengths, improve business planning process, provide more
opportunities for women and minorities, promote awareness and importance of HRM
through the workplace, evaluating the effect of HR actions and policies.
How has technology influenced HRP? - ANSWER-It is easier to be able to compile data
about employees in one place for convenient access,
What are the 4 steps (phases) in the HR planning process? What happens during each
step/phase? - ANSWER-Gathering, analyzing, and forecasting data to develop an HR
supply and demand forecast
What are the two common forecasting techniques used to project the organization's
demand for human resources? - ANSWER-Judgemental and statistical
What action program is designed to increase the supply of the right employees in the
organization? - ANSWER-Attraction
What should be included in redundancy planning? - ANSWER-is essentially HR
planning associated with the process of laying off employees who are no longer
needed. Outplacement counseling, buy outs, job skill retraining, and job transfers.
What are the six statistical forecasting methods? - ANSWER-simple linear regression
(increased sales mean we will need to have more CSR), multiple linear regression
(mulitple factors instead of just one. sales increase which increases are need for CSR,
computing space for new clients) productivity ratio ( historical data are used to examine
the past level of a productivity index), HR ratio (past HR data are examined to
determine historical relationships among employees in various jobs or job categories),
time series analysis (Past staffing levels are examined in order to isolate seasonal and
cyclical variations, long-term trends, and random movements.), stochastic ratios (the
likelihood of landing a series of contracts is combined with the HR requirements for
each contract, in order to estimate expected staffing requirements.)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NursingTutor1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
