When Forecasting Demand, Industry Comparisons Are Mandatory

question 13

Short Answer

When forecasting demand,
industry comparisons are mandatory.
the company forecasts the number and type of people who will be available for hiring from the labour market at large.
employees are interviewed and asked how long they think they will remain with the company.
employees sign a contract stating the number of years they will stay.
a company must assess trends in past HR usage, future organizational plans, and general economic trends.

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Definitions:

Free Association

Technique in psychoanalysis in which the patient says whatever comes to mind at the moment.

Rational Emotive Therapy

A form of psychotherapy that identifies irrational beliefs, challenges them, and encourages the development of more rational and adaptive thoughts and behaviors.

Cognitive Therapy

Form of psychotherapy that focuses on how a person’s thoughts lead to feelings of distress, with the aim of helping them change these irrational thoughts.

Transference

Process in psychoanalysis in which the patient transfers all of the positive or negative emotions associated with the patient’s other relationships to the psychoanalyst.