hello please help me breakdown and understand each bullet. thank you :)

Some toples that would be helpful to know for HR EXAM 2 Chapters 5. (Note: This list is not comprehensive!!! You need to study from the book and lecture notes) Chapter 5 * Know what forecasting is, why it is used, and the benefits of statisticat forecasting methods Understand trend analysis and leading indicators Understand downsizing and the potentially negative consequences sociated with this strategy Understand ways of determining labor supply as well as handling labor shortages and surpluses including the benefits and consequences of reducing hours, early retirement program phased retirement programs, employing temporary and contract workers outsourcing, as well as avertine and expanded hours * Know how to differentiate an independent contractor from an employee and reputations regarding an organization's employment relationship with contract workers. Understand what recruiting is and how it differs from selection Understand the section on "Personnel Policies including the internal versus external recruiting, lead the-market pay strategy, employment-at-will, and image advertising * Understand the different rocnaitment sources including the benefits and downsides sociated with job posting and internal recruitment Understand external sources including referrals and nepotism. Understand how organizations evaluate the quality of a source including yield ratios and cost per hire calculations Understand recruiter traits and behaviors as well as realistic job previews