HRMT 300v3 Assignment 2: Human Capital Forecasting Insights

HRMT 300v3: Assignment 2 Due: After completion of Units 1 and 2 (Lessons 1–7) Credit weight: 30% of your final grade Summary: Three short essays Instructions You are required to respond to Question 1 and two questions from questions 2–4. All of your responses should be written in short essay format, adhering to the word count provided. Be sure your answers clearly address all aspects of the question. Each question has multiple parts. This assignment requires you to apply what you have learned to the scenarios given. You are not expected to do research and find new information from additional sources. Use only your course materials and the resources provided to you in the assignment question to formulate your answers. When referring to the textbook, use your own words (paraphrase) as much as possible. Cite your sources via in-text citations using APA Style, and include a References page at the end of your assignment. You will lose marks for failing to correctly cite sources in APA Style. APA Style resources:  Athabasca University Write Site: Resources: APA  Purdue Online Writing Lab: APA Style (7 th ed.) Format Prepare your assignment in a format that is compatible with Microsoft Office. When naming your assignment file for submission, be sure to include your last name, the course name, and the assignment number, as in this example: Smith_HRMT300v3_Assign2.docx When your assignment is complete, return to the Assignment 2 link on the course home page and follow the instructions for submitting it. HRMT 300v3 Assignment 2 November 9, 2023

Answer question 1 in 300–500 words. (15 marks) 1. Imagine you are an HR consultant who has been hired by the CEO of a company with very little HR forecasting expertise. (The hypothetical company can be in any industry of your choice.) Using what you learned in Lesson 4 (textbook Chapter 4), address the following: a. Explain why companies often group their human capital requirements into categories as part of their HR forecasting process, such as paying special attention to specific jobs and/or types of employees. b. List and briefly define the four categories of job/employee that are often a focus within HR forecasting. c. Provide one example of each category in (b) that could apply at the company. d. For each of the four examples you identify, explain the rationale for giving special attention to these types of employees. e. Explain whether or not these employee categories are mutually exclusive and provide an example to illustrate your point. HRMT 300v3 Assignment 2 November 9, 2023

Answer any two of the following three questions in 500–700 words each. (25 marks each) 2. To forecast the future demand for online courses, Athabasca University (AU) has asked you to contribute to a scenario planning exercise (see Lesson 5) to assess the following question: “Will enrollment in online courses at AU increase or decrease over the next five years?” To begin, AU wants you to provide one sample scenario that could impact enrollment over the next five years for each of the five factors listed below (see textbook, pp. 62–72). Explain how your examples might increase or decrease enrollment.  political/legislative factor  economic/competitive factor  social factor  technological factor  demographic factor Next, AU asks you to choose the two factors that you think will have the greatest impact on enrollment in online courses over the next five years. For each of your two chosen factors, identify both the best-case and worst-case scenarios that could occur. Once identified, uniquely combine the best- and worst-case scenarios into the four possible combinations (see textbook, pp. 119–120). For each of the four combinations you present, briefly explain the projected impact on online course enrollment and how Athabasca University’s human capital needs would need to change or adapt to fit the scenario. HRMT 300v3 Assignment 2 November 9, 2023

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3. The HR manager in your workplace asks you to write the content for a short training video on talent management that will be used to educate new HR recruits at your company. The manager wants the content to be based on the slides within the following video lecture by Dr. David Collings (available via the AU Library): Collings, D. (2012, January 23). Talent management [Video]. HSTalks: The Business & Management Collection . https://0-hstalks-com.aupac.lib.athabascau.ca/t/2206/talent-management/? business . [56:00] Using the information provided on the slides from the video lecture, write a short essay summarizing the key points Dr. David Collings makes. Address the following items in your answer: a. Define the terms talent and talent management. b. Define and explain the difference between A-positions and A-performers c. Discuss three assumptions companies often have about talent. d. Explain why talent matters to organizations but why talent management can be difficult. e. Discuss how writing this essay may influence how you intend to pursue your own career objectives. 4. When the CEO of Microsoft unexpectedly resigned in 2013, the company discovered that succession planning for this executive position was lacking. Microsoft’s search for a new CEO began with only external candidates. When that search was unsuccessful, they hired an internal candidate. Using your course resources and the article provided below (accessible via the AU Library), write a short essay that addresses the questions below. HRMT 300v3 Assignment 2 November 9, 2023

Fernandez-Araoz, C., Nagel, G., & Green, C. (2021). The high cost of poor succession planning . Harvard Business Review, 99 (3), 98–107. http://0- search.ebscohost.com.aupac.lib.athabascau.ca/login.aspx? direct=true&db=bth&AN=149750562&site=eds-live a. According to your textbook, what are two advantages of hiring external candidates and two advantages of hiring internal candidates? b. Based on the article below, discuss the negative outcomes that can result from poor succession management practices, and explain how companies can improve their succession planning. c. Describe how succession planning for your own role and hiring an executive search firm might generate a conflict of interest. HRMT 300v3 Assignment 2 November 9, 2023

Grading Criteria Listed below are the primary criteria that will be used to evaluate your assignments.  Relevance: Does the submitted assignment address the assigned topic?  Definition and precision of terms: Have you clearly stated the meaning of the terms used and used them consistently?  Use of evidence: Have you supported your arguments with credible evidence?  Accuracy of information: Have you made a clear distinction between supportable facts and your own opinions?  Logical consistency: Does the evidence you present support your conclusions?  Writing: Is the writing clear, comprehensible, and generally free from major writing errors (grammar, usage, spelling, punctuation, diction, etc.)?  Compliance: Does the submitted assignment follow the instructions? (It uses assigned sources and proper citations, adheres to word count indicated, etc.) HRMT 300v3 Assignment 2 November 9, 2023

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