Chapter 12

Question 1

What is planning

Answer 1

The process of setting goals and deciding how best to achieve them

Question 2

Planning is concerned with which 2 things

Answer 2

1. End

2. Means

Question 3

What is HRP

Answer 3

Human resource planning is process of anticipating an organization’s future human resource needs and then developing action plans for fulfilling identified needs. We can say it is getting the right people, at the right place and the right time.

Question 4

What are 3 parts of HRP

Answer 4

1. The required number of employees
2. With the required skills
3. Are available when needed

Question 5

How do organizations do demand forecasting (future need of human resources)

Answer 5

There are 2 approaches

1. Statistical approaches
2. Judgmental methods

Question 6

What are 3 techniques in statistical approach

Answer 6

1. Trend analysis
2. Ratio analysis
3. Regression analysis

Question 7

What is Trend analysis

Answer 7

We observe trends in past and make guess for future on that data. Example of floor usage in a home. If last months shows that floor usage is 4.5kg, 5kg, 4kg then future need will be near to that figure.

Question 8

What is ratio analysis

Answer 8

We work on ratio. Example of a hospital. if there are 100 patients then there should be 25 nurses. Then patient/nurse ratio = 4/1

Question 9

What is regression analysis

Answer 9

2 factors depending on each other, the relationship between them is called regression analysis.

Question 10

What is judgmental analysis

Answer 10

People working on a domain with lot of experience have skills to guess better with some indicators.

Question 11

What is human resource audit

Answer 11

We can figure out surplus (then act accordingly layoff, transfer, demotions) or shortage (then act accordingly Recruiting, training, career, development) using the following 2 things

1. Forecast labor supply
2. Forecast labor demand