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Exam 4: The HR Forecasting Process

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Question 1

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Which of the following is NOT related to attrition?

A) retirements
B) voluntary turnover
C) terminations
D) deaths

E) A) and B)
F) B) and C)

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Question 2

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

A) True
B) False

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Question 3

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Analyze Case Incident: Turtle Tanks Inc.Throughout your case incident analysis,assume the role of a human resources consultant.Your task is to advise the organization on how it should align its strategic human resource planning with its organizational strategy.Begin by clearly and succinctly stating the problem and/or opportunity,its impact,and why it is important that these problems/opportunities are addressed.Analyze the causes of the problem/opportunity,identify solutions,and recommend a plan for implementation and justification.Please be specific about the approaches and methods you would recommend to facilitate the workforce forecasting process.

Refer to Scenario: Turtle Tanks Inc.The HR Manager at Turtle Tanks Inc.would be paying particular attention to which of the following human capital?

Firm strategy and environmental scanning helps to determine how the knowledge,skills,abilities,and competencies are acquired by an organization.

What HR concept is defined as the change in the stock of human capital over time such as terminations,promotions,lateral movements,and demotions?

A number of skills must be brought together to ensure that effective HR planning can take place.Which one of the following skills has been proposed as critical to the HR planning function?

The Conference Board of Canada found that organizations reported three most important long-term HR priorities.In reference to an organization you are familiar with either from your own experience,or one you have read about in the news or in your textbook,discuss these priorities.

If an organization wished to conduct HR forecasting for its operating cycle,which of the following time horizons should it use?

Workers who require lengthy preparatory training for attainment of a skill competency constitute a key area of focus for HR forecasting.

Demand forecasting refers to the process of determining the organization's requirement for specific forms of human capital.

The knowledge,skills,abilities,and other characteristics that are necessary for a person to perform are derived from job specifications.

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

What type of human capital represents a potential source of competitive advantage from human capital?

Refer to Scenario: "Turtle Tanks Inc.What would be the second step Turtle Tanks Inc.would take in the HR forecasting process?

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.

How can organizations reduce their HR costs?

Human capital stock factors that affect the stock of human capital include terminations and demotions.

What type of human capital represents the kind of knowledge that employees have that benefits the firm,and that requires a deep understanding of the firm's systems,social structure,or customers?

Which of the following is a quantitative human resource forecasting method?