Forecast the new Workforce Scheduling of JP Morgan Chase & Co.
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- What are the HR forecasting techniques? Discuss each using your own understanding.As a HR professional, explain the methods of forecasting HR demand and supply. Support your answer with examples.Distinguish among job analysis, job descriptions, and job specifications. How do they relate to planning in human resources management?
- 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..Maria, the HR Head of ‘Aztec Tech Solutions Ltd’ assigned the task of assessing the human resource planning to the HR Department. However, his team informed him that this assessment is not going well as they had expected. Keeping this context in mind, answer the following: a. Explain the process of human resource planning. Give some examples also. b. Discuss the qualitative methods for Human Resource Demand forecasting, that the company can utilize. Which one do you think is best suited for this company?Forecasting, and Queuing model are examples of management science tools Explain why they are important List three positive and three negative outcomes from these application of management science. Be sure to consider outcomes for workers and society as a whole, not just the monetary and nonmonetary impacts on business stakeholders.
- Ratio or trend analysis can be a very effective method for determining HR demand. Identify a wide variety of relevant indices that can be used for this demand-forecasting technique in different organizational contexts, including public not-for-profit organizations, as well as in diverse industrial settings in the private sector.What are the major challenges and considerations in workforce planning and forecasting for staffing purposes?What is meant by a compressed workweek?
- One of the company's managers did not meet her quotas and forecast by the year-end annual performance review. How should the HR department deal with this issue?develop a ranking job evaluation system for non-managerial employees(housekeepers,valets,front-desk,phone operators,wait staff,groundskeepers,and security guards)of that hotel.you can use any two compensable factors of your choice e.g level of effort etc.in order to rank jobs in comparison to each other.34 - Which of the following is the type of wage that represents the payments that the employee does not receive regularly, such as premiums, stock bonuses? a) Side Rights B) Basic wage NS) Social assistance and services D) variable fee TO) Minimum wage