Human Resource Planning Refers to the Forecasting of Human Resource

question 163

True/False

Human resource planning refers to the forecasting of human resource needs and the projected matching of individuals with expected job vacancies.

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Definitions:

Human Capital

Human Capital represents the skills, knowledge, and experience possessed by individuals, considered in terms of their value to an organization.

Skills Gap

A situation in which the supply of a particular form of human capital available to the firm is inadequate to address the demand.

North America

A continent entirely within the Northern Hemisphere and almost all within the Western Hemisphere; it is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the east, the Pacific Ocean to the south and west, and South America and the Caribbean Sea to the southeast.

Human Capital Flow

Encompasses the movement of employees' skills, knowledge, and abilities across different roles, organizations, or geographies.