With reference to HR forecasting,how is the envelope analogy used?
A)It is a visual depiction used for HR communications.
B)It projects current HR supply and demand.
C)It sets the upper and lower boundaries for HR projections.
D)It is an estimate for a variety of HR assumptions.

Question

Quizplus · Accepted Answer

The envelope analogy in HR forecasting refers to setting the upper and lower boundaries for HR projections. It helps in determining a range within which the actual HR supply and demand is expected to fall. Therefore, option C is the correct choice. Option A is incorrect because the envelope analogy is not used for HR communications. Option B is incorrect because it refers to projecting current HR supply and demand, but does not explain how the envelope analogy is used. Option D is incorrect because it is too general and does not specifically address how the envelope analogy is used in HR forecasting.

With Reference to HR Forecasting,how Is the Envelope Analogy Used