What sources of information do HR budgets take into consideration when used in forecasting human resource demand?
A)university researchers' and business consultants' data
B)professional associations and Statistics Canada
C)industry experts and management knowledge
D)union and industry associations

Question

Quizplus · Accepted Answer

HR budgets would take into consideration data from professional associations and Statistics Canada as they provide reliable and comprehensive data on labour market trends and employment statistics. While other sources such as university researchers, business consultants, industry experts, and management knowledge may also be helpful, they may not provide as much detail or accuracy as official sources like Statistics Canada. Union and industry associations may also be helpful for specific industries or companies, but HR budgets would likely consider a broader range of data sources.

What Sources of Information Do HR Budgets Take into Consideration