Which of the following is true of statistical forecasting methods that capture historic?
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how do statistical forecasting methods differ from judgmental forecasting methods with regard to the labor market? c. statistical methods are excellent for capturing historic trends The final step in the planning process is to _____. Effective HRP helps an organization to do all of the following EXCEPT: In the face of demographic pressures dealing with aging workforce, many employers try to use ____ among their older workers through early retirement incentive programs Which of the following is a challenge associated with an outsourcing strategy? 52) Specific strategies must be formulated to balance supply and demand. Possible scenarios are: When a company faces a shortage of employees in the workforce, and it predicts that current demand for products or services may not extend to the future, it will a try to garner more hours out of the existing labor force. b recruit and train new employees. c be willing to hire part-time employees. d decrease the production rate by half to meet quality standards. e lease out its machinery to other factories, thereby maintaining income. try to garner more hours out of the existing labor force. The value of a proportion in a transitional matrix is 0.4. Its column headings and row headings are the same. This means: 40 percent people remained in the job category represented by the row. Which of the following is not an advantage of internal recruitment? Which of the following is an advantage of statistical forecasting methods? Select one: b. Under the right conditions, they provide predictions that are much more precise than judgmental methods. c. They are particularly useful in predicting important events that have no historical precedent. d. They are invariably better than the "best guesses" of experts. e. They can be used to reduce dependence on secondary data for making forecasts and predictions. b. Under the right conditions, they provide predictions that are much more precise than judgmental methods. Which of the following is NOT an advantage of temporary workers? Higher quality of service provided by temporary workers. (maybe) Higher quality of service provided by temporary workers. ________ is the planned elimination of large numbers of personnel designed to enhance organizational effectiveness. Many problems with downsizing can be reduced by: engaging in better human resources planning. Specific strategies must be formulated to balance supply and demand. Possible scenarios are: there is a shortage of labour. The goals that are set in the human resource planning process should come directly from: the analysis of labour supply and demand. brings an objective point of view to the organization's problems and procedures it is most effective for key customer service jobs. In the face of demographic pressures dealing with an aging workforce, many employers try to use ________ among their older workers through early retirement incentive programs. Effective HRP helps an organization to do all of the following EXCEPT comply with privacy laws. Each of the following is a relatively fast method to reduce an expected labour surplus EXCEPT Which of the following options for avoiding an expected labour shortage has the benefit of being a relatively fast solution with high revocability? Which of the following is NOT an issue of older workers. Older workers have more experience and specialised knowledge The final step in the planning process is to How do statistical forecasting methods differ from judgmental forecasting methods with regard to the labour market? Statistical methods are excellent for capturing historic trends. (dunno) Alice is the HR consultant advising Nexus Inc., a small but successful software development firm on how to conduct human resource planning. She is currently explaining the "forecasting supply" step in the planning process to the CEO and confirms that projected openings are to be filled by using two sources. They are: internal and external supply Due to a series of resignations from the organization, Zylon Inc., a large software firm, is facing an acute labour shortage. During which of the following human resource planning steps would the firm contemplate several options to address the labour issue? Goal setting and strategic planning transitional matrix is formed to analyse the job categories held by employees in 2008 and the proportion of employees in each of those job categories in 2010. The third row represents sales executives and the second column represents sales managers. The cell which belongs to the third row and second column has a value 0.2. This means: 20 percent sales executives were promoted. Which of the following terms is a method to determine labour supply through a chart that lists job categories held in one period and shows the proportion of employees in each of those job categories in a future period? Which of the following options for avoiding an expected labour shortage is a slow solution and has low revocability? Which of the following is a disadvantage of using temporary and contract workers? These workers will be less committed to the organization Which of the following is most likely to lead to a successful downsizing? Avoiding indiscriminant reductions Which of the following is true about temporary workers? Temporary workers give employers some flexibility to respond to fluctuations in consumer demand for their products and services. |
