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Description
Flashcards by quick.silver689, updated more than 1 year ago
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Created by quick.silver689
over 9 years ago
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| Question | Answer |
| What is Human resource Planning (HRP)? | The forecasting of HR requirements to ensure the organization has the proper staffing and skills. |
| What is a Skills inventory? | Contains comprehensive information about the capabilities of currect employees |
| What is a Management inventory? | Contains |
| Markov analysis | A method of forecasting internal labor supply that involves tracking the pattern of employee movements through various jobs. |
| What is Trend analysis? | The study of a firm's past employment levels over a period of years to predict future needs. |
| What is ratio analysis? | A forecasting technique for determining future needs by using ratios between some casual factor and the number of employees needed. |
| What is a Scatter plot? | A graphical method used to help identify the relationship between two variables. |
| what 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. |
| Whats 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. |
| What 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. |
| What is a Labour surplus? | When labour demand is less than labour supply. |
| NAme 5 possible soloutions when faced with a labour surplus. | Hiring freeze, Attrition, Early retirement buyout program, Job sharing, Layoff, Termination, Leave of absence. |
| What is Labour equilibrium? | When labour demand equals labour supply. |
| What is Survivor syndrome? | A range of negative emotions experienced by employees remaining after a major restructuring initiative. |
| What'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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