Forecasting the Supply of Labour Involves Two Tasks

question 177

Multiple Choice

Forecasting the supply of labour involves two tasks. The first task is to forecast

• A) future organizational plans.
• B) the number and type of employees who will be in the firm at some future date.
• C) general economic trends.
• D) trends in past HR usage.
• E) demand for certain types of employees.

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Definitions:

Planning Process

A systematic series of steps taken by organizations or individuals to achieve desired goals.

Road Map

A strategic plan that outlines the steps or milestones needed to achieve specific goals.

Planning Horizon

The future time period over which plans are made and predictions are considered for business decisions and strategies.

Plan's Maturity

The specified date at which the final payment for a financial instrument, such as a bond or loan, is due.