Asked by Botle Jacqueline on Jul 15, 2024
Verified
HR forecasting will determine the supply of human resources but not the demand.
HR Forecasting
The process used by human resources to estimate the future demand and supply of employees needed to achieve the company's objectives.
Human Resources
The department within an organization responsible for hiring, administering benefits, and managing employee relations.
- Distinguish between the supply and demand of human resources in forecasting.
Verified Answer
BD
Breshay DennisJul 19, 2024
Final Answer :
False
Explanation :
HR forecasting determines both the supply and demand of human resources. It involves analyzing historical data, current trends, and future projections to predict the organization's need for employees, along with the current and anticipated workforce size, demographics, and availability. Therefore, HR forecasting considers both supply and demand factors.
Learning Objectives
- Distinguish between the supply and demand of human resources in forecasting.
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