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Asked by Abigail Ferguson on Jun 28, 2024

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HR budgets are used to forecast the total HR demand requirement for operational or short-run time periods.

HR Budgets

Financial plans that outline the expected costs related to the management and development of human resources within an organization, including recruitment, training, salaries, and benefits.

HR Demand Requirement

The specific need or quantity of human resources that an organization requires to meet its objectives.

Short-Run Time Periods

A duration in which at least one input (like capital) in the production process is fixed, and only some costs can be varied.

  • Recognize the assorted intentions and applications of HR budgets in projection.
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Zybrea KnightJul 03, 2024
Final Answer :
False
Explanation :
HR budgets are typically used for planning the financial resources needed for HR activities over a certain period, including recruitment, training, salaries, and benefits, rather than specifically forecasting HR demand. Forecasting HR demand is more about predicting the number and types of employees the organization will need in the future, which is a part of workforce planning rather than budgeting.

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