Exam (elaborations)
HRIR 3021 - Exam 2 questions well answered graded A+
- Course
- Institution
HRIR 3021 - Exam 2 questions well answered graded A+
[Show more]
Content preview
HRIR 3021 - Exam 2Leading Indicators
Objective measures that accurately predict future labor demand.
Core Competency
A set of knowledges and skills that make the organization superior to competitors and create value for
customers.
Downsizing
The planned elimination of large numbers of personnel with the goal of enhancing the organization's
competitiveness.
Outsourcing
Contracting with another organization (vendor, third-party provider, or consultant) to provide services.
Workforce Utilization Review
A comparison of the proportion of employees in protected groups with the proportion that each group
represents in the relevant labor market.
Recruiting
Any activity carried on by the organization with the primary purpose of identifying and attracting
potential employees.
,Employment at Will
Employment principle that if there is no specific employment contract saying otherwise, the employer or
employee may end an employment relationship at any time, regardless of cause.
Due-Process Policies
Policies that formally lay out the steps an employee may take to appeal the employer's decision to
terminate that employee.
Job Posting
The process of communicating information about a job vacancy on company bulletin boards, in
employee publications, on corporate intranets, and anywhere else the organization communicates with
employees.
Direct Applicants
People who apply for a vacancy without prompting from the organization.
Referrals
People who apply for a vacancy because someone in the organization prompted them to do so.
Nepotism
The practice of hiring relatives.
Realistic Job Preview
, Background information about a job's positive and negative qualities.
What are the main purposes of workforce planning?
Identifies workforce requirements needed for the strategic plan, discovers competency gaps, plans for
internal and external factors, and implements workforce shortage and reduction strategies.
Review your notes from the Boeing case study prep and class presentation/discussion.
Boeing faces numerous challenges, including the loss of engineers and a damaged reputation following
the 737 Max malfunctions. The company must compete for talent with other firms, address STEM
shortages, navigate visa/immigration issues, and manage an aging workforce. Its negative image
hampers recruitment, as most applicants tend to avoid such firms. Additional challenges are the impact
of COVID, corporate culture issues, and considerations related to climate change. Boeing needs to
enhance its culture, skills, diversity, and recruitment strategies within the aerospace industry.
Forecasting
The attempts to determine the supply of and demand for various types of human resources to predict
areas within the organization where there will be labor shortages or surpluses.
Trend Analysis
Constructing and applying statistical models that predict labor demand for the next year, given relatively
objective statistics from the previous year.
Ratio Analysis
A forecasting technique that determines future staff requirements by calculating the ratio between a
specific business variable (such as sales volume) and the number of employees needed. It helps estimate
growth-driven personnel needs.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
62555 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now