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Terms in this set (50)The goals that are set in the human resource planning process should come directly from: the analysis of the labor supply and demand. The following is true of the several options available to reduce expected labor surplus
Early retirement causes relatively less human suffering Yield Ratios express the: percentage of applicants who successfully move from one stage of the recruitment and selection process to the next. An advantages of relying on internal recruitment sources It generates a sample of applicants who are well known to the firm One of the reasons organizations engaged in downsizing is: Many firms changed the location of where they did for business for economic reasons The programs developed in the strategic-choice stage of the process are put into practice in the ___ stage. Program-Implementation T/F: An advantage of employing temporary workers is that it frees a firm from many administrative tasks and financial burdens associated with being the "employer of record" True Options for avoiding an expected labor shortage is a slow solution but has low revocability Technological Innovation T/F: Recruiters tend to be viewed by job seekers as more credible when they are personnel specialists rather than subject matter experts in the job being filled False In the face of demographic pressures dealing with aging workforce, many employers try to use ____ among their older workers through early retirement incentive programs Voluntary attrition Which of the following best explains why older people approaching retirement age have no intention of retiring Improved health of older people in general, combination with the decreased physical labor in many jobs has made working longer a viable option A special case of outsourcing where the jobs that move actually leave one country and go to another is called___ offshoring Which is true about temporary workers? Some full-time employees perceive the temporary help as a threat to their own job security T/F: Image advertising is often effective because job applicants develop ideas about the general reputation of the firm and then this spills over to influence their expectations about the nature of specific jobs at the organization True T/F: Baby boomers are fast approaching retirement, and early indicators show that this group will retire as expected. False How do statistical forecasting methods differ from judgmental forecasting methods with regard to the labor market Statistical methods are excellent for capturing historic trends. Which is not one of the forces that draw out an older worker's career? Insufficient younger workers to replace the older workforce The final step in the planning process is to____ evaluate results T/f: Employers prefer hiring and training new employees rather than having to pay existing workers extra for overtime production False ___ are people who apply for a vacancy without prompting from the organization Direct Applicants T/F: Recruiting advertisements in newspapers and periodicals typically generate more desirable recruits than direct applicants or referrals. False Which pairs of recruiter characteristics does an applicant tend to respond to most positively Warmth and informativeness ___ is a generic term used to refers to organizational decisions that affect the nature of the vacancies for which people are recruited Personnel policies T/F: Promote from within policies make it clear to applicants that there are opportunities for advancement within the company True Options for avoiding an expected labor shortage has the benefit of being a fast solution with high revocability Temporary employees T/F: The last step in the human resource planning process is forecasting False Executive search firms (ESFs) serve as an important confidentiality buffer between the employer and the recruit T/F: Hiring employees from external sources is a fast option to avoid an unexpected labor shortage plus its revocability is high False The purpose of setting specific quantitative goal is: to focus attention on a problem and provide a benchmark for determining the relative success of any programs aimed at redressing a pending labor shortage or surplus The first step in the human resource planning process is_____ forecasting ____ is the practice or activity carried on by an organization with the primary purpose of identifying and attracting potential employees. Human resource recruitment Statistical planning models almost always have to be complemented by____ subjective judgments T/F: Referrals are people who apply for vacancy without prompting from the organization False Recruiting advertisements in newspapers and periodicals: are likely to typically generate less desirable candidates than direct applicants or referrals T/F: The second step in human resource planning is goal setting and strategic planning True The approach that pays employees higher wages than what competitors pay their employees in similar roles is called the ____ lead-the-market approach Which of the following is an example of image advertising? Rain Inc. releases television advertisements that give an idea about the pleasant working conditions in the organization Which is true about outsourcing? Outsourcing is logical choice when a firm simply does not have a certain expertise and is not willing to invest time and effort into developing it. Options is considered a fast option for reducing an expected labor surplus but results in high human suffering? Demotions T/F: The purpose of setting specific quantitative goals is to focus attention on the problem and provide a benchmark for determining the relative success of any programs aimed by redressing a pending labor shortage or surplus True Jack is a maintenance supervisor at a large petroleum refinery in Texas. His friend, Ronald, who works at another refinery in Louisiana, informs Jack about a vacancy for a maintenance manager's position at the Louisiana refinery and asks him to apply for the position. Jack is an example of a(n)___. referral ____ forecast and monitor the proportion of various protected group members, such as woman and minorities that are in various jobs categories and career tracks affirmative action plans A disadvantage of employing temporary workers as a means of eliminating a labor shortage the low levels of commitment to the organization and its customers that temporary workers bring with them often reduces the level of customers loyalty T/F: A comparison of the proportion of workers in protected subgroups with the proportion that each subgroup represents in the relevant labor market is called a workforce utilization review True Policies that state that either party in an employment relationship can terminate that relationship at any time, regardless of cause, are called____. Employment-at-will policies Most likely to enable organizations to increase the impact that recruiters have on those they recruit Providing timely feedback
T/F: A leading indicator is an objective measure that accurately predicts future labor demand True T/F: Statistical planning models are useful when there is a long, stable history that can be used to reliably detect relationships among vehicles True The typical organization response to a labor shortage has been either hiring temporary employees or outsourcing, responses that are fast and high in revocability. True T/F: A reason why downsizing efforts often fall is that employees who survive the purges often become narrow-minded, self-absorbed, and risk-averse. True Recommended textbook solutions Principles of Economics8th EditionN. Gregory Mankiw 1,209 solutions Principles of Microeconomics6th EditionN. Gregory Mankiw 762 solutions Principles of Economics1st EditionTimothy Taylor 895 solutions Macroeconomics9th EditionN. Gregory Mankiw 279 solutions Sets with similar termsHRM ch. 534 terms madfox MIE 330 - Exam 2 - Chapter 536 terms lucky4what99 MGMT 365 Chapter 5100 terms ParapuppyPLUS HR Ch.535 terms Amanda_Cat27 Sets found in the same folderHRM Practice Exam 250 terms rebecca_kersey Gaining a Competitive Advantage HRM: CH 562 terms theAlyson_Miller MGMT 365 Chapter 5 Connect Test Questions90 terms petiteawkwardness HRM Ch. 5 Multiple Choice30 terms mcampagna01 Other sets by this creatorMGMT 4030 Final Exam BlueBook6 terms bglass22 Part IV P.A.S.S. C.A.S.H Management Midterm8 terms bglass22 Part III Blue Book Questions Management Midterm4 terms bglass22 Part II 18 Criticals Management Midterm18 terms bglass22 Verified questions
ECONOMICS What are the main advantages of a corporation? Verified answer ECONOMICS Leadbelly Co. sells pencils in a perfectly competitive product market and hires workers in a perfectly competitive labor market. Assume that the market wage rate for workers is $150 per day a. What rule should Leadbelly follow to hire the profit-maximizing amount of labor? b. At the profit-maximizing level of output, the marginal product of the last worker hired is 30 boxes of pencils per day. Calculate the price of a box of pencils. c. Draw a diagram of the labor market for pencil workers next to a diagram of the labor supply and demand for Leadbelly Co. Label the equilibrium wage and quantity of labor for both the market and the firm. How are these diagrams related? d. Suppose some pencil workers switch to jobs in the growing computer industry. On the side-by-side diagrams from part (c), show how this change affects the equilibrium wage and quantity of labor for both the pencil market and for Leadbelly. How does this change affect the marginal product of labor at Leadbelly? Verified answer ECONOMICS What factors contribute to a high population growth rate? Verified answer
ECONOMICS Make a case for why monopolistically competitive industries never reach long-run equilibrium. Verified answer Other Quizlet setsChapter 14 government41 terms emmagene5 ch 1451 terms altapryce1 Operations Management Final135 terms mikaelaappleby ETS EXAM29 terms KA129 Related questionsQUESTION The Culture of Poverty (COP) theory maintains that 3 answers QUESTION 25. The concept of diminishing marginal utility is embedded in the utilitarian rationale for 3 answers QUESTION If there is international trade and finance, output per worker will converge in rich and poor countries. Will consumption per worker converge? 3 answers QUESTION Suppose that in addition to labor capital, time required to make commodities differ. Under what circumstances can we predict relative prices from labor coefficients, and why? 2 answers Which of the following is an advantage of statistical forecasting methods?Which of the following is an advantage of statistical forecasting methods? They provide predictions that are much more precise than judgmental methods.
Which of the following is true of statistical forecasting methods that capture historic?Which of the following is true of statistical forecasting methods that capture historic trends? They provide predictions that are much more precise than judgmental methods.
Which of the following options for avoiding an expected labor shortage has the benefit of being a relatively fast solution?Hiring employees from external sources is a fast option to avoid an unexpected labor shortage; plus. its revocability is high.
Which of the following best explains why older people approaching retirement age have no intention of retiring?Which of the following best explains why older people approaching retirement age have no intention of retiring? a Many employers want to stay away from the costs of hiring a younger crowd and refuse to retire the older workers.
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