HR Planning 1

Question 1

3 Steps for HR Planning

Answer 1

Look at current state
Forecast future state
Close the gap between the two

Question 2

HR Planning

Answer 2

Process of determining HR needs of an organization and ensuring organization has the right number of qualified people in the right jobs at the right time

Question 3

6 Questions for Auditing Jobs and Skills

Answer 3

What jobs exist now?
What skills/attributes do successful incumbents possess?
How many individuals are performing each job?
How essential is each job to the business plan?
What jobs are needed in the future?
What skills and attributes will future workers need to possess?

Question 4

2 Phases of Forecasting

Answer 4

Requirements Forecasting

Availability Forecasting

Question 5

Requirements Forecasting

Answer 5

Assess demands you’ll have as the organization implements its strategic plan

Question 6

Availability Forecasting

Answer 6

Assess supplies of resources as plan progresses

Question 7

Subjective Forecasting Techniques

Answer 7

Managerial Estimates
Delphi Technique
Zero Base Forecasting

Question 8

Quantitative Forecasting Techniques

Answer 8

Correlation
Regression
Simulations

Question 9

Managerial Estimates (Bottom-Up Approach)

Answer 9

Managers estimate the needs for their individual units

Estimates then pushed upwards in organizational hierarchy for additional changes

Question 10

Managerial Estimate Advantage

Answer 10

Get broad input from throughout the organization

Question 11

Managerial Estimate Disadvantage

Answer 11

May be divorced from business strategy
Managers may have an incentive to evaluate their needs
Individual estimates may miss synergies across units

Question 12

Delphi Technique

Answer 12

Leader poses a question to a panel of experts who make anonymous, independent judgments
Facilitator then collects individual responses and controls information flow
Experts go through statements one at a time
Anyone can provide comments and feedback
Continues until consensus is reached

Question 13

Zero Based Forecasting

Answer 13

Use current staffing as starting point for forecast
Vacant positions not automatically filled - careful analysis needed - quantitatively and with respect to firm’s strategic plan

Question 14

Correlation

Answer 14

Size of statistical relationship between two variables

Question 15

Correlation Limitation

Answer 15

It does not provide precise predictions - Regression helps with prediction
Difficult to handle multiple predictors with correlation

Question 16

Regression Advantage

Answer 16

Best way to forecast is to add multiple predictor variables, which is easy with regression

Question 17

Simulation

Answer 17

Broad term for rich, computer-based mathematical models that attempt to reproduce plausible business scenarios

Question 18

What simulations allow managers to do

Answer 18

Take into account multiple attributes of the environment that may be related

Question 19

After requirements forecasting, you should know

Answer 19

What future organization will look like
How many people needed for new jobs
What KSAs these people should have

Question 20

Two sources of human resources

Answer 20

Internal

External

Question 21

Internal Sources

Answer 21

Skills Inventories
Management Inventories
Training and Development

Question 22

Skills Inventories

Answer 22

Find out KSAs non-management employees already possess

Question 23

Management Inventories

Answer 23

For management talent. Determine KSAs and assign accordingly

Question 24

Training and Development

Answer 24

May be the best internal source

Question 25

External Sources

Answer 25

Demographic changes, economic conditions, government regulations, etc.

Question 26

Tools to close the gap between present and future needs

Answer 26

Scenario Planning
SWOT Analysis
Equating HR demand to supply

Question 27

Scenario Planning

Answer 27

Create multiple scenarios that take into account different eventualities

Question 28

Steps in Scenario Planning

Answer 28

Think backwards from a bad outcome
Describe events that could bring this outcome about
Plan to address these problems

Question 29

Steps in SWOT meeting

Answer 29

ID overall business strategy
Forecast demands & resource supply
ID O&T and S&W

Question 30

SWOT has two principle goals

Answer 30

Maximize S&O

Minimize W&T

Question 31

Advantages of SWOT

Answer 31

Specific heuristic for guiding your thinking - meeting agenda
Provides in-depth analyses with four pieces of information
Can plan, make backup plans, and diagnose plan when things go wrong

Question 32

When demand is less than supply

Answer 32

Restricted hiring/hours
Job Sharing
Early Retirement
Layoffs

Question 33

When demand is greater than supply

Answer 33

Creative Recruiting
Better compensation/benefits
Training programs
Different selection standards