3632898
| Question | Answer |
| What is Human Resources Planning HRP? | The process of forecasting the future human resources requirements to ensure that the organization will have required number of employees with the necessary skills to meet its strategic objectives. |
| What is the difference between Skills Inventories and Management Inventories? | Skills Inventories: contain information about the capabilities of current employees such as name, age, date of employment, current position duties, responsibilities, background, previous work experience, etc. Management Inventories: Records of background, qualifications, interests, and skills of management employees. |
| What are Succession Plans? | Succession planning refers to the plans a company makes to fill its most important executive positions. |
| What are the 4 Quantitative Approaches in HRP forecasting? | - Trend Analysis - Ratio Analysis - The Scatter Plot -Regression Analysis |
| What are the 2 Qualitative Approaches in HRP forecasting and how are they different? | Nominal Group Technique & Delphi Technique. The Nominal involves a group of experts (such as first-line supervisor and managers) meeting face to face. Delphi typically involves outside experts, "not" face to face. |
| What is a Labour Surplus and what are possible solutions? | Labour Surplus is when the internal supply of employees exceeds the an organization's demand. Most employers respond initially with the following solutions: -Hiring Freeze - Attrition - Layoffs - Early retirement buyout programs - Job Sharing - Termination -Leave of absence |
| What is Survivor Syndrome? | A range of negative emotions experienced by employees remaining after a mayor restructuring initiative, which can include feelings of betrayal or violation, guilt, or detachment, and can result in stress symptoms including depression, increased errors and reduce performance. |
| What is a Golden Parachute? | Executives may be protected by a "golden parachute clause" in their contract of employment, which is guarantee by the employer to pay specified compensation and benefits in the case of termination because of downsizing or restructuring. |
Want to create your own Flashcards for free with GoConqr? Learn more.