Short-Term and Long-Range HR Demand Forecasts Provide

question 39

Multiple Choice

Short-term and long-range HR demand forecasts provide

• A) half of the staffing equation.
• B) external supply forecasts.
• C) present employees who can be transferred or promoted to meet anticipated needs.
• D) internal supply forecasts.
• E) the full staffing equation.

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Definitions:

Labor Productivity

A measure of economic performance that compares the amount of goods and services produced with the number of hours worked to produce them.

Labor Deepening

An increase in the investment made in the education and training of the workforce, leading to a more skilled labor force.

Education Level

A measurement of the highest degree of schooling or training a person has completed.

Capital-labor Ratio

A ratio that measures the amount of capital available per unit of labor in the production process.