Timor has been asked to determine the supply and demand for professional executives with social justice experience. he will most likely use which planning strategy?personnel forecasting
What is personnel forecasting?
- Personnel forecasting or forecasting in human resources, or HR, is a crucial task for expanding companies.
- Growth-oriented companies must regularly evaluate their short- and long-term employment needs based on their predicted sales, new product releases, market expansion, and other variables that may have an impact on their labor requirements.
- An HR forecast should contain the number of employees needed, the kinds of skills needed to cover any gaps, and any costs or administrative duties that will be involved in expanding or contracting your workforce.
- Using data, insights, analytics, and experience to generate predictions and take action in order to satisfy a particular business requirement is the process of forecasting, whether it be in the context of business, human resources, or financial planning.
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