Companies should plan for labor supply and labor demand issues by:

Question

Quizplus · Accepted Answer

Evaluating the internal and external environment is the most effective way for companies to plan for labor supply and demand issues. This includes analyzing the current workforce, forecasting future demand, and identifying potential labor gaps or shortages. Contacting the local unemployment office and letting HR handle workforce planning initiatives may be part of the solution, but they should not be the only strategies. Similarly, keeping management focused on daily operations and executives focused on workforce issues may be helpful, but it may not address the root causes of labor supply and demand problems.

Companies Should Plan for Labor Supply and Labor Demand Issues