Question

1-Workforce planning is about finding the __________ employee, with the _________ skills for the __________ job.

2- Labor demands refer to the availability of current or potential employees to perform a company's jobs.

True

False

3- List two ways in which hiring managers can quantify the applicant.

4-There is a visible and invisible organizational culture.

True

False

Answer 1

1. Right, Right, Right

2. False

The Labor Demand of an employer is the number of labor-hours that the employer is willing to hire based on the various exogenous (externally determined) variables it is faced with, such as the wage rate, the unit cost of capital, the market-determined selling price of its output, etc.

3. Ways in which hiring managers can quantify the applicants are:

• Total Cost per Hire - It is the money a company is spending on each hire they bring onboard. This includes costs such as agency fees, advertising costs, internal recruiting costs, assessment tools, hours spent at each stage of the recruiting process, travel expenses, and relocation.
• Qualifications of the Candidate - This would refer to the basic qualifications as per the Job Description and the number of certifications a candidate may possess to increase his/her professional expertise.

4. True

Visible cultural elements include artefacts, symbols, and practices such as: art and architecture; language, colour, and dress; social etiquette and traditions.

Invisible culture is defined as the intangible parts of a culture. Examples of types of invisible culture are belief systems, values and unspoken practices.