Forecasting and Planning - 10% of assessment

Question 1

Which step in the human resource planning process ensures that the organization will have the needed supply of employees in the FUTURE?

Answer 1

Programming

Question 2

Which technique addresses labor forecasting to project future human resource needs based on PAST staffing levels?

Answer 2

Time-series

Question 3

What are two statistical projection methods used to determine human resources demand?

Answer 3

Stochastic technique
Multiple linear regression

Question 4

A firm needs to lay off employees and wants to develop a plan to minimize the effect on employees. The firm opts to try a combination of buyouts and outplacement counseling.
Which type of plan is the firm engaging in?

Answer 4

A redundancy plan