What Is the First Step Taken in an Effective HR

question 18

Multiple Choice

What is the first step taken in an effective HR forecasting process?

• A) determining internal and external supply of labour
• B) identifying the gap between demand and supply
• C) forecasting demand for labour
• D) developing an action plan to address future needs

---

Definitions:

Purchasing Power

An individual's or entity's ability to buy goods and services, affected by inflation and personal financial situation.

Hourly Rate

The sum of money received or given out for every hour worked.

Toxic Waste Discharge

The release of harmful pollutants into the environment, usually from industrial operations.

Stringent Restrictions

Strict or severe limitations or rules that must be followed.