5. HR planning

Question 1

external trend impacting HR planning

Answer 1

consumer market and labor market

Question 2

labor demand + method

Answer 2

predict nb of employee
-> statistical models (staffing and productivity ratio)
-> leading indicators (interest rate)

Question 3

labor supply + method

Answer 3

determine internal labor supply
-> transitional matrix

Question 4

reduce surplus (9)

Answer 4

downsizing, pay reduction, demotions, transfers, work sharing, hiring freeze, natural attrition, early retirement, retraining

Question 5

avoid shortage (7)

Answer 5

overtime, temporary employees, outsourcing, retrained transfer, turnover reduction, new external hires, technological innovation

Question 6

downsizing (+) and (-)

Answer 6

(+) reduce cost, aligns workforce with market shifts
(-) risk loosing talent, reduce innovation, lower moral

Question 7

early retirement (+) and (-)

Answer 7

(+) help transition
(-) skill gap

Question 8

temporary workers (+) and (-)

Answer 8

(+) flexible, low cost, pre trained talent
(-) job insecurity

Question 9

outsourcing and offshoring challenges

Answer 9

quality control, security risk, customer dissatisfaction

Question 10

adjusting pay and work hours challenges

Answer 10

employee dissatisfaction and burnout

Question 11

special consideration in HR planning

Answer 11

ensure minorities are represented
aging of the workforces