Unit 4: Human Resource Planning

Increasing the organization’s market share through product promotion.

The keys to effectively utilizing labor markets in HRM are the following, except:

• Having a clear idea of the current configuration of human resources.

• Increasing the organization’s market share through product promotion.

• Knowing where the organization is going and how the present HR configuration relates to the future configuration.

• Addressing discrepancies between current and future HR needs.

Forecasting

__________ can use both statistical methods and judgemental methods

Demand Forecasts

__________ are developed around specific categories or skill areas relevant to organization’s current and future states

Statistical Models

Demand forecasting may use __________, which helps predict future labor demands

Leading Indicator

__________ from statistical models predicts future labor demands, which are useful when a long, stable history can be used to reliably detect relationships among variables

Internal Labor Supply

_________ analyzes how many people are currently in various job categories within the company

Transitional Matrices

It show proportion (or number) of employees in different job categories at different times

Ascertaining whether there will be a labor shortage or surplus for specific job categories and deciding how to address it.

In Human Resource Management (HRM), determining labor surplus or shortage primarily involves:

• Forecasting employee salaries for the next fiscal year.

• Ascertaining whether there will be a labor shortage or surplus for specific job categories and deciding how to address it.

• Increasing the number of job advertisements in the labor market.

• Evaluating employee performance for promotion decisions.

Focus on the problem, set benchmarks for success, and analyze labor supply and demand with a timetable for results.

In HRM, the purpose of goal setting and strategic planning in workforce planning is to:

• Focus on the problem, set benchmarks for success, and analyze labor supply and demand with a timetable for results.

• Increase employee wages to reduce labor shortages.

• Conduct annual employee performance appraisals.

• Expand marketing strategies to attract more customers.

Increasing advertising efforts to attract more customers

In HRM, the following are key elements of program implementation and evaluation, except:

• Assigning someone accountability with authority and resources to achieve stated goals

• Providing regular progress reports on program implementation

• Increasing advertising efforts to attract more customers

• Evaluating results to determine program effectiveness

Human Resource Recruitment

It refers to any practice or activity by the organization to identify and attract potential employees

Internal Recruiting

________ refers to filling job vacancies with current employees of the organization through promotions, transfers, or job postings.

External Recruiting

________ refers to attracting job applicants from outside the organization to fill job vacancies.

Vacancies

It provide opportunities for advancement and promotion, especially from within

True

Internal and External Recruiting can upset current managers of employees who are recruited away

True or False

Due Process Policies

________ refer to organizational rules and procedures that ensure employees are treated fairly and given the opportunity to respond before disciplinary actions such as termination are taken.

Employment-At-Will Policies

________ refer to the policy that allows either the employer or the employee to terminate employment at any time, for any lawful reason, without prior notice.

Extrinsic Rewards

________ refer to tangible, external incentives provided by the organization such as pay, bonuses, benefits, and promotions.

Intrinsic Rewards

________ refer to internal satisfaction employees gain from performing meaningful work, such as personal growth, achievement, and a sense of accomplishment.

Image Advertising

________ refers to when organization promotes itself to help draw applicants, influencing the degree to which person feels attracted to the organization

Recruiters

Both Human Resource Specialists and Line Managers can act as ________, especially if they possess warm and informative traits

Realism

It refers to a philosophical perspective that focuses on realistic job previews in the context of Human Resource Management