MAN 6635 FINAL EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
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Module
MAN 6635
Institution
MAN 6635
Forecasting supply & demand
Ans: Consider what global forces in the near future that might affect the
supply of or demand for labor
Quiz: Forecasting Demand
Ans: Consider how much labor will we need
Benchmarking, statistical methods, subject matter experts (educated
guesses)
Quiz: Forecast...
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MAN 6635 FINAL EXAM 2025- 2026 QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
Forecasting supply & demand
Ans: Consider what global forces in the near future that might affect the
supply of or demand for labor
Quiz: Forecasting Demand
Ans: Consider how much labor will we need
Benchmarking, statistical methods, subject matter experts (educated
guesses)
Quiz: Forecasting Supply
Ans: Consider how much labor will we have
Requires us to anticipate how people will move up through (and out of) the
company. We do this using a Transitional Matrix.
Also requires us to examine our business environment by asking these
questions:
What's the unemployment rate?
Is that likely to change?
What is the overall size of our labor pool?
Are people training for the jobs for which we anticipate vacancies?
Quiz: Surplus vs. shortage in supply and demand forecasting
Ans: Comparing the results of demand and supply forecasting tells us
whether we're likely to have a surplus or a shortage.
,Depending on which one we forecast, we plan to implement various
strategies for creating equilibrium.
Quiz: Methods for correcting a surplus
Ans: Downsize
Reduce pay
Demotions
Transfers
Early retirement
Wait for natural attrition
Hiring freeze
Quiz: Downsizing
Ans: Companies choose this strategy when:
- Attempting to reduce costs
- Closing or altering production facilities
- Outsourcing and offshoring for economic reasons
Human suffering is high
- Financial and psychological damage - Which is worse?
- Damage to future employment chances over time
- Skill erosion
Quiz: Drawbacks of downsizing
Ans: - Often irreplaceable people are let go
- Survivors just work harder
- Survivors become disillusioned
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, Quiz: Methods for correcting a shortage
Ans: - Existing people work harder
- Use temporary employees
- Outsource
- Promote from within
- Decrease voluntary turnover
- Recruit and hire new people
Quiz: Workforce
Ans: An enterprise's employees
Quiz: Labor Force
Ans: The pool of potential employees from which the firm attracts and hires
its workforce
Quiz: Challenges of international staffing
Ans: Availability of data
- IHR professionals must often develop such data from independent sources.
- MNEs should not make the assumption that local labor forces will be
adequate to provide the talent they need.
Increasing Diversity of Labor Forces
Brain Drain
Lack of Suitable Candidates for Management
Populations Characteristics
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