Forecasting human resource supply for specific managerial positions in the organization is referred to as:
A) labor forecasting
B) organizational charting
C) proxy planning
D) executive strategy
E) succession planning

Question

Quizplus · Accepted Answer

Succession planning involves identifying and developing internal employees for key leadership positions, which requires forecasting the supply of potential candidates for specific managerial positions in the organization. Therefore, E is the best choice. A, labor forecasting, is more general and does not necessarily focus on managerial positions. B, organizational charting, is a process of creating a visual representation of the organization's structure and hierarchy, and does not involve forecasting. C, proxy planning, is not a commonly used term and does not refer to HR supply forecasting. D, executive strategy, is a broad term that may refer to various organizational strategies, but does not specifically address HR supply forecasting for managerial positions.

Forecasting Human Resource Supply for Specific Managerial Positions in the Organization