The estimate an organization makes regarding the number and quality of its current employees and the availability of workers externally is called a(n)
A)demand forecast.
B)job analysis.
C)environmental scan.
D)availability analysis.
E)labor supply forecast.

Question

Quizplus · Accepted Answer

The estimate an organization makes regarding the number and quality of its current employees and the availability of workers externally is known as a labor supply forecast. Option E is the only suitable answer among the given options. Option A (demand forecast) is incorrect because it refers to an estimate of future demand for employees. Option B (job analysis) involves a systematic process of gathering and analyzing information about a job's tasks, responsibilities, and context. Option C (environmental scan) refers to a process of analyzing the organization's external environment for opportunities and threats. Option D (availability analysis) is not an accurate term used in HR forecasting.

The Estimate an Organization Makes Regarding the Number and Quality