HRP session seven review activity

What is an estimation of supply of human resources taking into consideration the analysis of current human resources inventory and future availability?

• Demand forecasting

• Supply forecasting

• Environmental forecasting

• None of the above

Supply forecasting is the process of estimating the quantity and quality of people required to meet future needs of the organisation. State wheather it is true or false?

• True

• False

What is used to estimate vacancies in higher level jobs and identify how potential HR supply can fill these vacancies

via internal movements from lower levels jobs.

• Replacement chart

• Trend Analysis

• Supply forecasting

• Demand forecasting

Estimating internal supply considers that employees move from their current jobs into others through promotions, lateral moves and terminations.

• True

• False

A decrease in labour supply can come about through____

• retirement

• dismissal

• transfer

• All responses stated

To match labor demand and supply, HR_______

• Compares forecasts for demand and supply of workers.

• compares forecasts for existing workers

• forecasts the number of employees that are needed

• forecasts the number of employees leaving

Action decisions on a shortage of employees include______.

• Recruitment for skills where there are gaps.

• Use of part time workers, subcontracting

• Promoting employees from lower level to higher levels where there are gaps

• All options stated

Early retirement/ buy outs means______.

• encouraging more workers to leave the organization early with some incentives

• force employees to retire

• create a retirement plan for retirees

• terminate employees contract who are close to retirement

All the following are action decisions in surplus conditions EXCEPT____

• Leave of Absence without Pay

• demotions

• transfers

• All options stated

_______is a process of identifying a longer-term plan for the orderly replacement of key employees.

• human resource planning

• demand forecasting

• succession planning

• supply forecasting