HR Forecasting Process in a Sequence of Steps

question 108

Multiple Choice

HR forecasting process in a sequence of steps.What is the first step in the HR forecasting process?

• A)the determination the source of human capital
• B)the availability of internal supply of workers
• C)the calculation of organizational requirements
• D)the availability of external supply of workers

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Definitions:

Qualitative Data

Non-numerical information that describes qualities or characteristics, often gathered through interviews, observations, or open-ended survey responses.

Primary Data

Marketing data that a business collects for its own specific purposes.

Marketing Research

The process of gathering, analyzing, and interpreting information about a market, including data on target markets or customers, to enhance decision-making.

Market Analysis

The assessment of a given market to understand its size, trends, growth potential, and competitive landscape, often used to inform business strategies and decisions.