Question 49 Why is a bottom-up approach for compensation budgeting favoured by the textbook author? O it supports the strategic pay notion O it ensures strategy fits with other strategic aspects of the organization O it is more compatible with new human resource information systems for its simplicity
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- 6. Which of the following is true of HR forecasting methods? a Organizations should try to use both statistical and judgmental methods in forecasting labor and supply. b In statistical methods, a "leading indicator" is an objective measure that accurately predicts future labor supply. c Statistical methods are poor at capturing historic trends in labor demands. d The predictions made via statistical methods are always more precise than those made via judgmental methods..17-6 Hiring The HR department is trying to fill a vacant position for a job with a small talent pool. Valid applications arrive every week or so, and the appicants all seem to bring differnt levels of expertise. For each applicant, the HR manager gathers information by trying to verify various claims on resumes, but some doubt about fit always lingers when a decisions to hire or not is to be made. What are the type I and II decision error cost? Which decision error is more likely to be discovered by the CEO? How does this affect the HR manager's hiring decisions?Q: Job Analysis is a significant activity Organizations perform to maintain competent workforce.How will you conduct Job Analysis for a newly established Software House? Your answer must contain: Reasons of conducting Job analysis Types of Job Analysis Method
- Mangement Staffing is a critical component of any organization's success. It involves the process of identifying, recruiting, and placing the right individuals in the right positions to achieve the company's goals and objectives. Effective staffing ensures that a company has the necessary talent and skills to carry out its operations efficiently and adapt to changing market demands. It's not just about filling job openings, but about finding the best fit for both the organization and the individual. Question: How can organizations ensure that their staffing process aligns with their long- term strategic goals and fosters a culture of diversity and inclusion?12 Assuming you are a manager at an organization, and you are conducting an analysis of the human resource needs in order to determine how to best fill them. You are utilizing ________. Strategic management. Human resource planning Management by objectives. Placing new employees on the organization chart. Identifying job factors for all positions.1. Recommendation the HRM issues of safety and health in logistic service organization. 2. Recommendation the HRM issues of compensation in logistic service organization. 3. Recommendation the HRM issues of rewards in logistic service organization.
- Question 13 Organizations that pay less than market leaders do so because they are "market driven." True False Question 14 Compensation surveys provide the data for translating a policy into pay levels, pay mix, and structures. True False Question 15 Grades and ranges offer managers the flexibility to deal with pressures from external markets and within the organization. True False Question 16 A pay range includes a minimum, a midpoint, and a maximum. True False6. Which one of the following is one of the oldest and most popular employee benefits? OA. Vacation days. OB. Group term life insurance OC. Leave without pay OD. Extended health coverage Mark for review (Will be highlighted on the review page) 7 Next Gueconduct a compensation survey with a company ofyour choice.This project gives you an opportunity to become familiar with the collection ofcompensation data and its utilization in developing compensation packages. Copies of Job descriptions for 6 positions from 3 different job families• Staff benefit information• Information on Job Evaluation Methods used by the organization• Information on Job Analysis exercises conducted by the organization• Information on Performance Appraisal systems used by the company • Analyze the information collected using information taught in the course/class as aguide.• Justify the theories, policies, and procedures used and recommendations suggested• Reference the information in the assignment.