Flashcards
Human Resource Chapter 5
Cards in this deck (15)
- 1What is Human resource Planning (HRP)?The forecasting of HR requirements to ensure the organization has the proper staffing and skills.
- 2What is a Skills inventory?Contains comprehensive information about the capabilities of currect employees
- 3What is a Management inventory?Contains
- 4Markov analysisA method of forecasting internal labor supply that involves tracking the pattern of employee movements through various jobs.
- 5What is Trend analysis?The study of a firm's past employment levels over a period of years to predict future needs.
- 6What is ratio analysis?A forecasting technique for determining future needs by using ratios between some casual factor and the number of employees needed.
- 7What is a Scatter plot?A graphical method used to help identify the relationship between two variables.
- 8what is Regression analysis?A statistical technique involving the use of a mathematical formula to project future demands based on an established relationship between an organization's employment level and some measurable factor or output.
- 9Whats the difference between a Nominal group technique and Delphi technique?Nominal group technique is a face to face meeting while Delphi technique is not, and is typically done over e-mail or other electronic communication.
- 10What is a staffing table?A pictorial representation of all jobs within the organization, along with the number of current incumbents and future employment requirements for each.
- 11What is a Labour surplus?When labour demand is less than labour supply.
- 12NAme 5 possible soloutions when faced with a labour surplus.Hiring freeze, Attrition, Early retirement buyout program, Job sharing, Layoff, Termination, Leave of absence.
- 13What is Labour equilibrium?When labour demand equals labour supply.
- 14What is Survivor syndrome?A range of negative emotions experienced by employees remaining after a major restructuring initiative.
- 15What's a golden parachute?An agreement within an executives contract which guaranties specific compensation if they are to be terminated due to downsizing or restructuring.
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- 1 Human resource Flashcards on Human Resource Chapter 5, created by quick.silver689 on 04/10/2015.
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