Human Resource Chapter 5

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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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Flashcards by quick.silver689, updated more than 1 year ago
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Created by quick.silver689 over 8 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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