Asked by Louis Padilla on Jul 15, 2024
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Since it takes human capital to develop human capital,HR forecasting must take into account both the stock and flow of human capital.
HR Forecasting
The practice of predicting future human resources needs of an organization based on current data and trends.
Human Capital Stock
The accumulated skills, knowledge, experience, and abilities that the workforce possesses, which can contribute to an organization's performance and productivity.
Human Capital Flow
The movement and development of employees' skills and knowledge within and between organizations, which can impact innovation and economic growth.
- Recognize the contribution of HR forecasting in guaranteeing the availability of human resources.
- Appreciate the methodologies and tools used in forecasting human capital needs and their relevance to strategic organizational challenges.
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Learning Objectives
- Recognize the contribution of HR forecasting in guaranteeing the availability of human resources.
- Appreciate the methodologies and tools used in forecasting human capital needs and their relevance to strategic organizational challenges.
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