Question: By comparing forecasts for labor supply and demand for specific jobs, planners can ascertain whether there will be a labor surplus or a labor shortage

By comparing forecasts for labor supply and demand for specific jobs, planners can ascertain whether there will be a labor surplus or a labor shortage for certain job categories. The second step in human resource planning is to define specific goals regarding a desired end and provide benchmarks for determining the relative success of a program aimed at addressing labor surpluses or shortages. There are a number of strategies for addressing the issue of a labor surplus that vary according to expense, speed, effectiveness, amount of human suffering, and irrevocability. There should be a specific timetable for achieving goals.

Each question below gives an option for reducing an expected labor surplus. For each question select correct answer based on the speed and amount of human suffering described in the question.

1. In 2015, Argo-Tech purchased the power accessories division of TRW Inc. All employees eligible to retire were encouraged and sometimes forced to do so.

(Click to select) Human Suffering: High; Speed: Fast Human Suffering: High; Speed: Slow Human Suffering: Moderate; Speed: Fast Human Suffering: Moderate; Speed: Slow Human Suffering: Low; Speed: Fast Human Suffering: Low; Speed: Slow

2. In September 2015, the Progressive Insurance Companies announced a reorganization to increase efficiencies and reduce cost. In November 2015, Progressive announced a reduction-in-force of 340 people.

(Click to select) Human Suffering: High; Speed: Fast Human Suffering: High; Speed: Slow Human Suffering: Moderate; Speed: Fast Human Suffering: Moderate; Speed: Slow Human Suffering: Low; Speed: Fast Human Suffering: Low; Speed: Slow

3. When GM downsized its Janesville assembly plant in Wisconsin, some employees were offered an opportunity to stay on board and share job responsibilities with other workers.

(Click to select) Human Suffering: High; Speed: Fast Human Suffering: High; Speed: Slow Human Suffering: Moderate; Speed: Fast Human Suffering: Moderate; Speed: Slow Human Suffering: Low; Speed: Fast Human Suffering: Low; Speed: Slow

4. Cedaredge Town Council trustees regularly hire new animal control officers. However. In February 2016, the trustees discussed the possibility of not hiring for the position for that calendar year.

(Click to select) Human Suffering: High; Speed: Fast Human Suffering: High; Speed: Slow Human Suffering: Moderate; Speed: Fast Human Suffering: Moderate; Speed: Slow Human Suffering: Low; Speed: Fast Human Suffering: Low; Speed: Slow

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!