HRM QUIZ 1 Flashcards
(39 cards)
Four Basic Terms of Manpower Forecasting
- Long Term Trend
- Cyclical Variation
- Seasonal Variations
- Random Variation
usually done for a period of five years or more depending on the company operations and customer demands.
- Long Term Trend
This refers to reasonable and predictable movements that occur over a period of one year or more.
- Cyclical Variation
his is a reasonable prediction change over a period of one year.
- Seasonal Variations
This is one occasion where there is no special pattern and it is quite difficult to predict or determine.
- Random Variation
Human Resource Forecasting Techniques
- The Zero-Base Forecasting Approach
- The Bottom Up Approach
- Use of Predictor Variables
- Simulation
it uses the organizations current level of employment as the starting point for determining future staffing needs.
- The Zero-Base Forecasting Approach
this forecast uses the progression upward method from the lower organization units to ultimately provided the aggregate forecast of employment needs.
- The Bottom Up Approach
This method uses the past employment levels to predict future requirements.
- Use of Predictor Variables
a technique for the testing of alternatives on mathematical models representing the real world situation.
- Simulation
Important Elements in Strategic HRP.
- Organizational Goals
- Human Resource Forecast
- Employee Information
- Human Resource Availability Projections
- Analyzing and Evaluating Resource Gaps
The final component to the strategic process is__________. It is extremely important for the company to constantly monitor the effectiveness of both the strategy and the implementation process.
Strategy Evaluation and Control
Human Resource Role in Providing Competitive Advantage
a. Emergent Strategies
b. Intended Strategies
consist of strategies that evolve from the grassroots of the organization and can be thought of as what the organizations actually do.
a. Emergent Strategies
the results of the rational decision-making by top management as they develop strategic plans.
b. Intended Strategies
- is any organized approach to obtaining relevant and timely information on which to base human resource decisions. It is designed to provide information that is –SMART
Human Resource Information System (HRIS)
It is designed to provide information that is
SMART
-Systematic
-Management-Oriented
-Applicable
-Result-Oriented
-Time Bound
information must be systematically arranged and contain the needed data.
Systematic
data and information are essential tools for effective manpower planning, retention, development and separation of employees.
Management-Oriented
data and information stored in file must be applicable in making human resource decision.
Applicable
the results from the information and the decisions derived thereat must be both acceptable to management and the employees’ concern.
Result-Oriented
relevant human resource information are necessary for effective decision-making.
Time Bound
the process of attracting the best individuals to join the company on a timely basis in sufficient numbers and meeting the qualification requirements, thereby encouraging them to apply for the jobs in the organization.
Recruitment
Sources of Manpower
a. Internal Source
b. External Sources