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Forecasting Labor Surplus
The process of predicting periods during which the number of employees exceeds the number needed by the organization.
Forecasting
The process of making predictions based on past and present data and analyzing trends to anticipate future outcomes.
Labor Shortages
A situation where the demand for workers exceeds the supply in a particular market or industry.
Surpluses
Instances in which supply exceeds demand, resulting in excess goods, services, or resources.
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