Workforce Needs Flashcards
What forecasting method requires HR professionals to gather information from unit managers on both the volume of business activity and how many people are needed to carry out that activity?
Unit Demand
Which forecasting method predicts future employment needs based on expectations of how particular employment-related factors may change over time?
Trend Projections
Which forecasting method use models that predict future conditions using computer simulations?
Probabilistic Model
What are two limitations when using Probabilistic Models?
- Only as accurate as the information that you provide.
- Can become costly and unwieldy as more variables are added.
Which forecasting method determines the output or productivity the organization expects to achieve in the immediate future. Then, employment needs are calculated in reverse?
Workload Analysis
When using the Workload Analysis method, what are the 3 types of incident reports needed to determine workforce needs?
- Type of work
- Translate work to hours
- Employment needs
Which forecasting method examines historical information about workforce pertaining to a particular facet of the organization?
Ratio Analysis
Which method forecasts future job needs by combining the input and expertise of many professionals who never meet, but who come to a consensus over time?
Delphi Technique
Which forecasting method uses a panel of experts in a structured meeting to find a solution to a problem and reach a consensus agreement?
Nominal Group Technique
Which type of forecasting tool involves current employees of an organization expressing interest in a position that is not yet available to be filled?
Job bidding
Which type of forecasting tool involves identifying promising employees who have the potential to occupy managerial or executive roles in an organization (1-5 years in the future)?
Succession Planning
Which forecasting tool involves helping employees map out their long-term professional goals by identifying the career steps they need to take to achieve their career goals?
Career Pathing
Which forecasting tool involves identifying a career path that is rich in expertise and cross-training? Wherein, employees master two traditionally disparate roles, and then move on to the next phase.
Dual Career Ladder
Which forecasting tool involves categorizing employees into four categories?
Replacement Charting
What are the four categories in replacement charting?
- ready for promotion
- developed for future promotion
- satisfactory in the current position
- replace (retirement, transfer, promotion, disability leave, or poor performance)
What are the four tools which can be used to gather information as to why employees leave?
- Exit Interviews
- Post-Exit Interviews
- Focus Groups
- Predictive Surveys
What is a common practice that relies on paying a 3rd party business to perform a specific function that does not align with the company’s main ideals?
Outsourcing
What is a common practice where a company establishes a foreign subsidiary and transitions from higher-paid American workers to lower paid foreign workers?
Offshoring
Who is considered an independent contractor?
Individuals who contract to do specific work for other people or organizations and are not considered employees.
What is IRS for SS-8?
It is the IRS form which has the 20 factor test to determine whether a person is an employee or independent contractor.
What are the three differences between employees and independent contractors in terms of employer obligations?
- Must pay 1/2 of employees SS tax (FICA).
- Must withhold federal and state taxes
- Must pay overtime and on-call pay