Week 8 (human resource planning) part 2 Flashcards
people who apply for a vacancy because someone in the organization prompted them to do so
what is this ?
referrals
the practice of hiring relatives
what is this ?
nepotism
a ratio that expresses the percentage of applicants who successfully move from one state of the recruitment and selection process to the next
what is this ?
yield ratio
the total amount of money spent to fill a vacancy. the number is computed by finding the cost of using a particular recruitment source and dividing that cost by the number of people hired to fill that type of vacancy
what is this ?
cost per hire
background information about a jobs positive and negative qualities
what is this ?
realistic job preview
What are these ?
1. determining labor demand
2. determining labor supply
3. determining labor surplus or shortage
4. determine appropriate actions to take to address labor issues
elements of forecasting HR needs
What are these examples of ?
- downsizing
- pay reductions
- demotions
- transfers
- work sharing
- hiring freeze
- natural attrition
- early retirement
- retraining
ways to reduce an expected labor surplus
what is this ?
a scenario where a company stops hiring new employees or creating new positions to be filled
hiring freeze
what is this ?
the natural process of turnover in a company where employees leave due to retirement, resignation, or moving to a different job
natural attrition
What are these examples of ?
- overtime
- temporary employees
- outsourcing
- retrained transfers
- turnover reductions
- new external hires
- technological innovation
Ways to reduce an expected labor shortage
what are these ?
1. individual development planning (IDP)
2. talent review
3. human resource planning (HRP)
3 broad elements of human resource planning
which of the 3 elements of human resource planning is this ?
- discussion between the employee and his/her manager
individual development planning (IDP)
which of the 3 elements of human resource planning is this ?
- discussion–manager reviews talent with 2nd level supervisor and HR
- in teams whenever possible
- one to ones where appropriate
talent review
which of the 3 elements of human resource planning is this ?
- presentations
- information used for action planning, forecasting
- higher level
human resource planning (HRP)