Exam 2: Strategy and Human Resources Planning

From an organization's perspective,what is an important shortcoming of having to rely on part-time employees?

Over time,organizations may try to reduce their workforce by relying on attrition.

In general,contract labour possesses skills and knowledge of less strategic value to the organization than core knowledge workers.

Under the umbrella of layoff strategies are several work reduction options: reduced workweek,reduced shifts,transfers to related companies,and so on.

National and regional unemployment rates are often considered a general barometer of labour supply.

Core capabilities are integrated skills and knowledge sets within an organization that distinguish it from its competitors and deliver value to customers.

Describe the three key elements of the HRP model.

Manning Logistics laid off nine employees from data-entry positions in its finance division.Two weeks later,it hired 15 employees into data-entry positions in the inventory division.What mistake has the company committed?

Human resources planning plays a key role in organizational strategy implementation because organizational leaders must make decisions regarding resource allocations to human capital,among other things.

Replacement charts are listings of current jobholders who are potential replacements if an opening occurs.

The mission statement of an organization is a description of the organization's vision and values.

Benchmarking is the process of comparing the organization's processes and practices with those of other companies.

What is the first step in the strategic planning process?

Value creation is what the firm adds to a product or service by virtue of making it; it's the amount of benefits provided by the product or service once the costs of making it are subtracted.

Severance pay is a lump-sum payment given to terminated employees.

What is an HR "dashboard"?

On the entrance to Mac Pencils' factory are the words "to provide the world with high-quality and dependable pencils." What is this an example of?

A cultural audit may examine how people are empowered.

Organization Y is a unionized textiles manufacturing company that is downsizing.What will Organization Y most likely use when deciding whom to lay off first?

Vindal Fabrics has determined that its organizational strength is being an industry leader in producing upholstery fabrics for automobiles.The company believes its weakness is its performance in Southeast Asia.It has also determined that it is missing an opportunity by not yet branching into upholstery for public transit seats.In order to complete a SWOT analysis,does Vindal Fabrics need to do next?