Question 1

There are a number of advantages of HR forecasting for organizations.Discuss one advantage of HR forecasting,

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Question 2

Identify and describe the key personnel categories that are given the most attention by human resource forecasters.?or?Identify and describe the key personnel categories that are given the most attention by human resource forecasters.Discuss the rationale for focusing on these personnel groups.

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Question 3

Refer to an organization you are familiar with either from your own experience,or one you have read about in the news or in your textbook.Define what HR forecasting means and its strategic importance to the organization.

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Question 4

Mentorship is an example of how employees can acquire firm-specific human capital competencies.

Accepted Answer

Mentorship involves the transfer of knowledge and skills from experienced employees to less experienced employees, and is a form of on-the-job training. Through mentorship, employees can acquire competencies that are specific to the firm, such as its culture, practices, and processes, which can enhance their productivity, job satisfaction, and long-term career prospects. Therefore, mentorship is a way for employees to develop firm-specific human capital.

Question 5

Analyze Case Incident: Turtle Tanks Inc.Throughout your case incident analysis,assume the role of a human resources consultant.Your task is to advise the organization on how it should align its strategic human resource planning with its organizational strategy.Begin by clearly and succinctly stating the problem and/or opportunity,its impact,and why it is important that these problems/opportunities are addressed.Analyze the causes of the problem/opportunity,identify solutions,and recommend a plan for implementation and justification.Please be specific about the approaches and methods you would recommend to facilitate the workforce forecasting process.

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Question 6

Identify an organization you are familiar with (such as from your work experience or from the course textbook).Describe the methods used by the organization to fill its anticipated future requirements for personnel.

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Question 7

Supply forecasting refers to the process of determining the source or sources of human capital to satisfy the organization's demand.

Accepted Answer

Supply forecasting is focused on identifying the potential sources of talent to meet the organization's staffing needs. It involves analyzing the current and future workforce requirements and determining the availability of talent both inside and outside the organization.

Question 8

Particular attention must be paid to monitoring members of designated groups with respect to organizational opportunities.

Accepted Answer

It is important to monitor members of designated groups to ensure they are given equal access to organizational opportunities, as part of ensuring diversity and inclusion in the workplace. Therefore, the statement is true.

Question 9

What is HR forecasting? Briefly describe the advantages that accrue to organizations from instituting effective HR forecasting procedures.

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Question 10

Workers who require lengthy preparatory training for attainment of a skill competency constitute a key area of focus for HR forecasting.

Accepted Answer

This statement is true as HR forecasting should consider workforce planning for positions that require extensive training and development to ensure that the organization has the necessary talent and skills to achieve its goals.

Question 11

As organizations move away from full-time employment,planners must think more in terms of the types and numbers of jobs that are required to fulfill organizational needs.

Accepted Answer

As organizations move to more flexible work arrangements, planners must consider the different types and quantity of jobs needed to meet the company's needs.

Question 12

The Conference Board of Canada found that organizations reported three most important long-term HR priorities.In reference to an organization you are familiar with either from your own experience,or one you have read about in the news or in your textbook,discuss these priorities.

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Question 13

List and briefly describe the HR programs that can be implemented to address HR surpluses and HR shortages.

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Question 14

A number of skills must be brought together to ensure that effective human resource planning can take place.Discuss two skills that must be available to human resource forecasters.

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Question 15

Demand forecasting refers to the process of determining the organization's requirement for specific forms of human capital.

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Question 16

Human capital theory suggests that it takes time for investments in human capital to produce financial or productivity-based returns to the firm.Discuss the reasons for this,providing examples.?or?Human capital theory suggests that it takes time for investments in human capital to produce financial or productivity-based returns to the firm and that human capital generally comes to the firm in the form of generic human capital,which over time develops into firm-specific human capital.Define and provide an example of generic human capital and firm-specific human capital.

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Question 17

The focus on external human capital supply is the key factor in the HR forecasting process.?F (relative balance of internal to external)

Accepted Answer

The HR forecasting process involves determining the future demand for human capital and the supply of human capital available to meet that demand. The focus on external human capital supply is one of the key factors in this process, as it helps to identify the potential sources of new employees and the availability of skills and experience in the external labor market.

Question 18

The human resource forecasting process in general can be described as following a basic pattern that flows from a macro perspective to a micro perspective.Describe the macro- and micro-level perspectives,providing an example.

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Question 19

The human resource forecasting process often moves from general organizational needs to specific departmental requirements.Describe this human resource forecasting process.?or?The human resource forecasting process in general can be described as following a basic pattern that flows from a macro perspective to a micro perspective.Describe this human resource forecasting process.

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Quiz 4: The HR Forecasting Process