Human resource planning systematically forecasts an organization's future demand for and supply of workers, and matches the supply to the demand.

Question

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Human resource planning involves forecasting the future demand for and supply of workers and ensuring that the supply matches the demand. This helps organizations to avoid labor shortages, control labor costs, and ensure they have the right people in the right positions to achieve their goals.

Human Resource Planning Systematically Forecasts an Organization's Future Demand for and Supply