HR planning definition - correct answer ✔✔compares present state of the organization with its future
goals to identify what changes it must make in its HR to meet those goals
Forecasting definition - correct answer ✔✔determines supply and demand to predict areas within the
org where there will be labor shortages or surpluses
leading indicator definition - correct answer ✔✔anything that can be used to predict future financial or
economic trends
labor markets definition - correct answer ✔✔external supply pool from which organizations attract their
employees
high unemployment results in the availability of ___ - correct answer ✔✔more applicant and more
qualified applicants
what do recruiters need to do to make sure they have the right people in the right job at the right time?
(3) - correct answer ✔✔-Goals should come directly from analysis of supply and demand
-For each goal, organization must choose one or more HR strategies
-Organizations should retain and attract employees who provide a core competency
Options for reducing a surplus (9) - correct answer ✔✔Downsizing, pay reductions, demotions, transfers,
work sharing, hiring freeze, natural attrition, early retirement, retraining
options for avoiding a shortage (7) - correct answer ✔✔overtime, temporary employees, outsourcing,
retrained transfers, turnover reductions, new external hires, technological innovation
, What are the 4 personnel policies that are especially relevant to recruitment? - correct answer
✔✔internal vs. external recruiting, lead the market pay strategies, employment at will policies, image
advertising
what does it take to be a good recruiter? (8) - correct answer ✔✔-Understand the business
-Ethical recruiting behaviors
-Knowledge of the law
-Great communication skills
- timely feedback
-use teams when possible
-Prepare in advance
what are the external recruitment sources? (7) - correct answer ✔✔-direct applicants
-referrals
-advertisements in newspapers and magazines
-public employment agencies
-private employment agencies
-colleges and universities
what are the advantages of external recruiting? (4) - correct answer ✔✔-new sources bring new
perspectives
-training new hires may be cheaper and faster
-new hires have fewer internal political supporters in the firm
-new hires bring new insights from the industry
what is an example of an internal leading factor? - correct answer ✔✔decreased employee satisfaction
survey/index
wages ___ when unemployment ___ - correct answer ✔✔increase, decrease
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