Question 1

Although most organizations tend to devote considerable time and resources to the pro-cess of attracting new workers,a great many fall short by not putting enough emphasis on retaining the high-quality workers they currently employ.

Accepted Answer

The statement is true.

Question 2

Organizations cannot afford to lose experienced,talented employees.Given that highly qualified,high-performing staff will always have alternative employment options,describe two steps an organization can take to help attract and retain talented employees?

Accepted Answer

The answer of Organizations cannot afford to lose experienced,talented employees.Given...

Question 3

Human capital segmentation occurs when errors in estimating the supply of human capital are amplified along the supply chain,resulting in large overestimates of hiring needs.

Accepted Answer

Human capital segmentation refers to the division of the labor market into distinct segments based on skills, industries, or job types, not errors in estimating the supply of human capital.

Question 4

Markov models use historical patterns of individual movement between jobs in the organization based on the transitional probabilities for promotion,transfer,and remaining in the particular job for an annual or specified future period.

Accepted Answer

This is a correct statement about Markov models, which are used to model the transition probabilities of individuals between different states or jobs within an organization. By analyzing historical data on promotion, transfer, and job retention, Markov models can be used to forecast future patterns of movement and help inform strategic decision-making around workforce planning and talent management.

Question 5

The vacancy model provides specific information on total flows into and out of each job or compensation level,as well as for the organization as a whole.

Accepted Answer

The vacancy model does indeed provide specific information on total flows into and out of each job or compensation level, as well as for the organization as a whole.

Question 6

Although most organizations devote considerable time and resources to the process of attracting new workers,a great many fall short by not placing enough emphasis on retaining the high-quality personnel they currently employ.Identify five specific strategies that organizations can employ to help retain existing staff.

Accepted Answer

The answer of Although most organizations devote considerable time and...

Question 7

If an organization does not have the policies in place nor the resources to provide an ade-quate supply of human capital from within the organization,it must find its labour supply outside the organization.Discuss one mechanism that influences the external supply of hu-man capital.Provide an example.

Accepted Answer

The answer of If an organization does not have the...

Question 8

Are skills gaps real,and if so,what are the causes and cures? Discuss.

Accepted Answer

The answer of Are skills gaps real,and if so,what are...

Question 9

What is the difference between a skills inventory and a management inventory?

Accepted Answer

The answer of What is the difference between a skills...

Question 10

A skills inventory is an individualized personnel record held on each employee except those currently in management or professional positions.

Accepted Answer

A skills inventory is indeed an individualized personnel record held on each employee except those currently in management or professional positions.

Question 11

Simulation uses mathematical equations and algorithms to model supply given specified constraints,such as minimizing labour cost.

Accepted Answer

This statement is true. Simulation involves using mathematical equations and algorithms to create models that can be used to test various scenarios and find solutions that meet specific constraints or objectives, such as minimizing labor costs in a supply chain.

Question 12

Why do many organizations give preference to internal human resource supply?

Accepted Answer

The answer of Why do many organizations give preference to...

Question 13

Identify an organization you are familiar with (such as from your work experience or from the course textbook).Describe one method used by the organization to determine external and internal supply of the organization's personnel.

Accepted Answer

The answer of Identify an organization you are familiar with...

Question 14

Using the Markov model,what are the five possible movements/changes that an employee can make in an organization?

Accepted Answer

The answer of Using the Markov model,what are the five...

Question 15

If an organization cannot find a sufficient supply of external labour for certain jobs,what might it consider?

Accepted Answer

The answer of If an organization cannot find a sufficient...

Question 16

Linear programming allows HR planners to model the number of open positions throughout the organization and to track career progression and the time required for indi-viduals to reach specified target jobs.

Accepted Answer

The answer of Linear programming allows HR planners to model...

Question 17

Movement analysis is a technique used to analyze the chain or ripple effect that promotions or job losses have on the movements of employees.

Accepted Answer

Movement analysis is indeed a technique used to analyze the chain or ripple effect that promotions or job losses have on the movements of employees.

Question 18

Analyze Scenario: Pacific Health Care.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 and,in particular,how the organization is going to ascertain HR supply.

Accepted Answer

The answer of Analyze Scenario: Pacific Health Care.Throughout your case...

Question 19

A management inventory is an individualized personnel record for managerial,professional,or technical personnel and includes additional information on specialized duties,responsibilities,and accountabilities.

Accepted Answer

A management inventory includes additional information on specialized duties, responsibilities, and accountabilities for managerial, professional, or technical personnel.

Question 20

It has been found that older workers (50 and over)desire many of the same things that other workers feel are important in their workplace.List five of these factors.Identify an organization you are familiar with (such as from your work experience or from the course textbook)and describe one factor used by the organization to retain the organization's personnel.

Accepted Answer

The answer of It has been found that older workers...

Quiz 6: Ascertaining HR Supply