Read the Opening Case at the beginning of Chapter 5: Forecasting the Future.
Answer the two critical-thinking questions at the end of the case. Since much of this assignment will
incorporate your insights with the reading of the case, you will also be expected to demonstrate your
comprehension of the HR concepts, trends, issues, and practices that you have been learning in this
course in the way that you answer the question.
Below is a brief summary (without prominent details) of the case:
Case Summary
Information plays a vital role in all organizational activities. Marketing managers need information about
customer preferences and competitorâs products. Operations managers need information about
inventories and product demand. Financial managers need information about interest rates and cash
flows. And human resource managers need information about all of these areas so they can ensure they
have the right employees with the right skills in the right places at the right times.
Consider, for example, three recent developments related to employment in the United States. In one,
major employers in the U.S. pharmaceutical, financial services, and energy sectors cut more than
100,000 jobs in 2014 and 2015. these cuts were due to industry slowdowns and corporate
restructuring. But surprisingly, some of the cuts were also related to improvements in the economy. On
the other hand, during the last three months of 2015 and again in 2016, following an annual ritual, major
U.S. retailers and related businesses announced that they were planning to hire hundreds of thousands of
temporary workers for the holiday season. Finally, Starbucks recently announced a long-term plan of
increasing its global workforce from around 200,000 now to over 500,000
Think It Over
1) What industry sectors are most likely to add jobs during a down economy? What industry sectors
are most likely to add jobs during an improving economy? In each instance, explain your
reasoning.
Read the Opening Case at the beginning of Chapter 5: Forecasting the Future.
Answer the two critical-thinking questions at the end of the case. Since much of this assignment will
incorporate your insights with the reading of the case, you will also be expected to demonstrate your
comprehension of the HR concepts, trends, issues, and practices that you have been learning in this
course in the way that you answer the question.
Below is a brief summary (without prominent details) of the case:
Case Summary
Information plays a vital role in all organizational activities. Marketing managers need information about
customer preferences and competitorâs products. Operations managers need information about
inventories and product demand. Financial managers need information about interest rates and cash
flows. And human resource managers need information about all of these areas so they can ensure they
have the right employees with the right skills in the right places at the right times.
Consider, for example, three recent developments related to employment in the United States. In one,
major employers in the U.S. pharmaceutical, financial services, and energy sectors cut more than
100,000 jobs in 2014 and 2015. these cuts were due to industry slowdowns and corporate
restructuring. But surprisingly, some of the cuts were also related to improvements in the economy. On
the other hand, during the last three months of 2015 and again in 2016, following an annual ritual, major
U.S. retailers and related businesses announced that they were planning to hire hundreds of thousands of
temporary workers for the holiday season. Finally, Starbucks recently announced a long-term plan of
increasing its global workforce from around 200,000 now to over 500,000
Think It Over
1) What industry sectors are most likely to add jobs during a down economy? What industry sectors
are most likely to add jobs during an improving economy? In each instance, explain your
reasoning.
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