Question 1

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

Accepted Answer

Constitutes the heart of the HR planning...

Question 2

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

Accepted Answer

A)   Immigrants
B)   Women
C)   Aboriginals
D)   disabled people

Question 3

What is the external HR supply, given that the organization has a workforce of 1 500, its historical annual replacement/loss rate is 5 percent, and its desired future growth rate is 12 percent? Round to closest whole number.

Accepted Answer

A)   -255
B)   -105
C)   105
D)   255

Question 4

Which of the following external factors affect HR forecasting?

Accepted Answer

A)   managerial appraisals
B)   competitor's HR policies
C)   executive career planning
D)   training and development

Question 5

According to the textbook, which of the following is NOT considered a useful global HR planning consideration that would encourage employee collaboration?

Accepted Answer

A)   Maximize the use of technology.
B)   Take advantage of differences in time zones.
C)   Promote a multi-lingual workforce.
D)   Use an HR Management System to eliminate duplicate costs.

Question 6

List the FIVE steps in HR forecasting in their appropriate order.

Accepted Answer

a.Identify organizational goals, objecti...

Question 7

HR forecasting will determine the supply of human resources but not the demand.

Accepted Answer

A) True 
 B)False

Question 8

What is the first element an organization needs to consider in deriving its external supply calculation for HR forecasting?

Accepted Answer

A)   To meet its replacement needs.
B)   To consider the change component.
C)   To predict attrition and retirements.
D)   To forecast HR demand accurately.

Question 9

What techniques do HR managers use to encourage employee collaboration for global forecasting?

Accepted Answer

A)   Minimize use of technology like e-mail and teleconferencing.
B)   Schedule work to take advantage of time zone differences.
C)   Eliminate all duplicating personnel for greater efficiency.
D)   Incorporate specific cultures related to contingent workers.

Question 10

What type of forecasting occurs in terms of two- to five-year segments?

Accepted Answer

A)   current
B)   short-run
C)   medium-run
D)   long-run

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

Forecasting activity for HR planning can be subdivided into two categories: transaction-based and event-based.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

According to the textbook, projections from many institutions have shown that it is going to be a "buyers" market in the not-too-distant future with respect to acquiring talent in Canada.

Accepted Answer

A) True 
 B)False

Question 15

Which concept refers to a proposed sequence of events with its own set of assumptions and associated program details?

Accepted Answer

A)   contingency plans
B)   Predictions
C)   Projections
D)   Scenarios

Question 16

According to the University of Sheffield's Effectiveness Program, which item was the most important influence on the organization's bottom-line performance?

Accepted Answer

A)   technology
B)   competitive strategy
C)   research and development
D)   people management

Question 17

Which of the following is NOT a source of external HR supply for an organization?

Accepted Answer

A)   current staff
B)   competitors' employees
C)   unemployed persons
D)   university students

Question 18

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

Accepted Answer

A)   projection
B)   prediction
C)   predetermination
D)   presumption

Question 19

If an organization does not incorporate information from the external environment, what impact will this have on HR forecasting?

Accepted Answer

A)   Lack of specificity in HR forecasting from top management.
B)   Elimination of personnel policies that are irrelevant to competitors.
C)   Incompatibility between organizational goals and HR planning.
D)   Avoidance of producing environmental scans with organizational input.

Question 20

Which of the following is NOT an internal factor that will affect HR demand?

Accepted Answer

A)   downsizing management
B)   vacations and sick days
C)   planned redundancy
D)   training and development

Exam 5: The HR Forecasting Process

Forecasting activity for HR planning can be subdivided into two categories: transaction-based and event-based.

Correct AnswerverifiedShow Answer

What type of forecasting occurs in terms of two- to five-year segments?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedConstitutes the heart of the HR planning...View AnswerShow Answer

If an organization does not incorporate information from the external environment, what impact will this have on HR forecasting?

Correct AnswerverifiedShow Answer

Which concept refers to a proposed sequence of events with its own set of assumptions and associated program details?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

What is the external HR supply, given that the organization has a workforce of 1 500, its historical annual replacement/loss rate is 5 percent, and its desired future growth rate is 12 percent? Round to closest whole number.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

What techniques do HR managers use to encourage employee collaboration for global forecasting?

Correct AnswerverifiedShow Answer

Which of the following is NOT a source of external HR supply for an organization?

Correct AnswerverifiedShow Answer

According to the University of Sheffield's Effectiveness Program, which item was the most important influence on the organization's bottom-line performance?

Correct AnswerverifiedShow Answer

HR forecasting will determine the supply of human resources but not the demand.

Correct AnswerverifiedShow Answer

Which of the following external factors affect HR forecasting?

Correct AnswerverifiedShow Answer

According to the textbook, projections from many institutions have shown that it is going to be a "buyers" market in the not-too-distant future with respect to acquiring talent in Canada.

Correct AnswerverifiedShow Answer

According to the textbook, which of the following is NOT considered a useful global HR planning consideration that would encourage employee collaboration?

Correct AnswerverifiedShow Answer

Which of the following is NOT an internal factor that will affect HR demand?

Correct AnswerverifiedShow Answer

What is the first element an organization needs to consider in deriving its external supply calculation for HR forecasting?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

List the FIVE steps in HR forecasting in their appropriate order.

Correct Answerverifieda.Identify organizational goals, objecti...View AnswerShow Answer

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Constitutes the heart of the HR planning...
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a.Identify organizational goals, objecti...
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