What type of information do HR budgets take into consideration when used in forecasting human resource demand?
A)industry experts and management knowledge
B)line employee and union staff records
C)historical company staffing trends and competitor staffing practices
D)university researchers' and business consultants' data

Question

Quizplus · Accepted Answer

HR budgets typically take into consideration historical company staffing trends and competitor staffing practices to forecast human resource demand. This information helps HR departments identify potential areas of growth, areas of weakness, and talent gaps that need to be filled. Industry experts, management knowledge, employee and union records, and university research can also be considered but are not typically the primary source of information for HR budget forecasting.

What Type of Information Do HR Budgets Take into Consideration