Which of the following statements best describes HR demand forecasting?
A) HR managers do not typically engage in HR demand forecasting because the forecasting process requires an expert in research.
B) HR demand forecasting is an internal labour supply forecast.
C) HR demand forecasting uses census figures to calculate labour supply and demand for a particular industry.
D) HR demand forecast only involves forecasting a specific business's labour needs for some future time.

Question

Quizplus · Accepted Answer

HR demand forecasting is an internal labour demand forecast, that is, predicting how many employees will be needed in the organization in a specific period. It involves analyzing historical data, industry trends, economic conditions, and other factors to project future workforce needs.

Which of the Following Statements Best Describes HR Demand Forecasting