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C232--3.4

WGU HR Section 3.4

QuestionAnswer
What is HRIS? Human Resource Information System. an inventory of the positions and skills in a given organization. Also Known as a Human Resource Management System (HRMS)
What is HRMS? Human Resource Management System. an inventory of the positions and skills in a given organization. Also Known as a Human Resource Information System (HRIS)
What are ways that organization's demand for human resources can be projected (2)? Judgmental Forecasting, Statistical Projections.
What is Judgmental Forecasting? experts who assist in preparing the forecasts using Managerial Estimates. Managerial estimates are typically made by top management (top-down approach), or begin at lower levels, and passed up for refinement (a bottom-up approach, branch to head office).
What are types of Judgmental Forecasting (3 answers)? Managerial Estimates(experts top to bottom or vice versa), Delphi Technique (large # of experts each present forecast statement & assumptions), Nominal Group Technique (independently list ideas. Later they take turns telling their ideas to the group)
What are Managerial Estimates? A type of Judgement HR demand forecasting where estimates are typically made by top management (top-down ), or also begin at lower levels, then passed up for refinement (bottom-up, branch to head office).
What is the Delphi Technique? Type of Judgement HR demand forecasting where a large # of experts take turns presenting forecast statements and assumptions. An intermediary then passes each expert's forecast and assumptions to the others, who then make revisions to their own forecasts.
What is nominal grouping technique? Type of Judgement HR demand forecasting where people sit at a table & independently list their ideas on paper. After time they each each express their ideas. They are recorded on together so that all can see all ideas & refer to them in the session.
What are 6 types of Statistical Projections? Simple linear regression, Multiple linear regression, Productivity ratios,Human resource ratios, Time series analysis, Stochastic analysis.
What is simple linear regression? Type of Statistical Projection for HR Forecasting, using a past relationship between the organization's employment level and a variable related to employment, such as sales.
What is Multiple Linear Regression? Type of Statistical Projection for HR Forecasting, relating employment to multiple variables. example, instead of using only sales to predict employment demand, productivity and equipment-use data may also be used.
What are Productivity ratios? Type of Statistical Projection for HR Forecasting, where historical data is used to examine the past level of a productivity index.
What are Human resource ratios? Type of Statistical Projection for HR Forecasting, where past HR data is examined to determine historical relationships among employees in various jobs/job categories. Regression analysis is then used to project key group requirements for job categories.
What is Time series analysis? Type of Statistical Projection for HR Forecasting, where past staffing levels are used to project future HR needs. Past staffing levels are examined in view of isolating season and cyclical variations, long-term trends, and random movements.
What is Stochastic analysis? Type of Statistical Projection for HR Forecasting, where the likelihood of landing a series of contracts is combined with the HR requirements of each contract to estimate expected staffing requirements.
What are two techniques to help forecast internal labor supply? judgmental and statistical (thought they do not comment on any versions of statistical labor supply forecasting)
What are two Judgemental techniques used to forecast internal HR supply? Replacement Planning, Succession Planning
What is Replacement Planning? Forecast internal HR supply using Judgmental technique. Charts w/employees & candidates show vacancy based on employee perf levels. Openings occur where incumbents fail; List candidates under incumbents to provide est of jobs becoming vacant & fillers.
What is Succession Planning? Forecast internal HR supply using Judgmental technique. Tends to be longer term than replacement planning. Emphasize the characteristics of the managers and downplay the characteristics of the positions to which the managers may eventually be promoted.
Created by: jpayn11
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