HRM 402 Midterm

Question 1

Describe the types of information that might be collected through environmental scanning.

Answer 1

• economic data
• technological trends
• regulatory/political info
• social/cultural trends
• competitive intelligence
• environmental factors

Question 2

Describe the different long-term and short-term methods for forecasting employment needs.

Answer 2

long term
- Unit Demand Method
- expert opinion
- trend projections
- probabilistic models
- Markov analysis

short term
- budgeting
- workload analysis

Question 3

Explain the purpose of succession planning.

Answer 3

• continuity
• talent development
• business stability
• retention
• long term goals

Question 4

Describe the methods for reducing the size of the workforce and explain when the various methods would be appropriate.

Answer 4

• attrition
• layoffs
• furlough
• early retirement
• demotions
• employee leasing