Human resource ______ and labor requirements planning are the core of human resource managers' ability to analyze future employment needs for our organizations.

Question

Quizplus · Accepted Answer

Human resource forecasting involves estimating future labor needs based on factors such as growth projections, turnover rates, and changes in industry trends. This allows HR managers to identify potential gaps in staffing and develop recruitment or training strategies to address them. Regression analysis and expansion planning may be used in conjunction with forecasting to further refine HR strategies, but forecasting is the primary tool used for labor requirements planning. Simplification is not a relevant concept in this context.

Human Resource ______ and Labor Requirements Planning Are the Core