chapter 5 Flashcards
What is Human Resource Planning (HRP)?
A process to ensure an organization has the right people with the right competencies in the right positions to achieve objectives.
What are the steps in Human Resource Planning?
Assessing current workforce, forecasting demand and supply, identifying gaps, and implementing strategies to meet HR needs.
What is qualitative forecasting in HR?
Using management forecasts and skills inventory to predict workforce needs based on experience and expertise.
What is quantitative forecasting in HR?
Using data-driven methods like trend analysis, staffing tables, and Markov analysis to predict future workforce needs.
What is trend analysis?
A quantitative technique that predicts future HR needs by analyzing historical employee data, hiring patterns, and turnover rates.
What is a staffing table?
A graphical representation of current and projected staffing levels in an organization.
What is Markov Analysis?
A technique used to track employee movement through various jobs over time, predicting promotions, transfers, and turnover.
What are potential issues in HR planning?
Oversupply of labor leading to layoffs or a shortage of labor leading to recruitment challenges.
What is recruitment?
The process of locating, attracting, and encouraging people to apply for jobs.
What are the two main types of recruitment?
Internal recruitment (hiring from within) and external recruitment (hiring new employees).
What is internal recruitment?
Filling job openings with current employees through promotions, transfers, or restructuring.
What are the benefits of internal recruitment?
Reduces hiring costs, improves employee morale, shortens training time, and retains institutional knowledge.
What are the pitfalls of internal recruitment?
Limits fresh perspectives, may cause internal competition, and can lead to resentment among employees.
What is succession planning?
The process of identifying and developing employees to fill leadership roles in the future.
What is external recruitment?
Hiring new employees from outside the organization through job postings, referrals, and recruitment agencies.
What are the benefits of external recruitment?
Brings new perspectives, increases diversity, and widens the talent pool.
What are the pitfalls of external recruitment?
Higher costs, longer training periods, and increased hiring risks.
What is selection in HR?
The process of choosing the best candidate from the applicant pool to fulfill job requirements.
What are some common selection methods?
Interviews, assessments, reference checks, and background verification.
What is reliability in selection?
The degree to which selection procedures provide consistent and comparable outcomes over time.
What is validity in selection?
How well a selection method measures what it is intended to measure.
What is an HRMS?
A Human Resource Management System (HRMS) is a digital solution that integrates HR functions like payroll, recruitment, and performance tracking.
What are some common interview methods?
Structured interviews, unstructured interviews, behavioral interviews, and panel interviews.
What are common types of interview questions?
Situational, behavioral, competency-based, and technical questions.
