Forecasting the Supply of Labour Involves Two Tasks

question 33

Short Answer

Forecasting the supply of labour involves two tasks. The first task is to forecast
future organizational plans.
the number and type of employees who will be in the firm at some future date.
general economic trends.
trends in past HR usage.
demand for certain types of employees.

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Definitions:

Temperature Switch

A device that activates or deactivates based on a specific temperature threshold being reached.

Proximity Sensor

A device that detects the presence or absence of a nearby object without physical contact, often using electromagnetic fields, light, or sound.

Photoelectric Sensor

A device that uses light to detect the presence, absence, or distance of an object.

Transmitter

A device that sends signals, often converted from physical measurements, to other instruments or systems for monitoring or control purposes.