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Figure 4-6
-Refer to Figure 4-6.Suppose that the federal government is concerned about obesity in the United States.Congress is considering two plans.One would require "junk food" producers to include warning labels on all junk food.The other would impose a tax on all products considered to be junk food.If the warning labels are successful,we could illustrate the plan as producing a movement from
HR Demand
Refers to the number and type of employees an organization needs to meet its current and future goals.
Forecasting
Estimation of future occurrences or trends using statistical methods and historical data.
HR Demand Forecasting
The process of estimating the future human resource requirements of an organization to achieve its goals.
Replacement Demand
The need to fill job positions that become vacant due to retirement, resignation, or dismissal, rather than due to the creation of new jobs.
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