Managers must _____ the supply of labor, which refers to how many and what types of employees the organization actually will have.

Question

Quizplus · Accepted Answer

To determine the supply of labor, managers must engage in workforce planning that involves forecasting the number and types of employees the organization will need in the future. Evaluating, recruiting, and training are important components of managing the supply of labor, but they come after the forecasting stage. Creating the supply of labor is not possible as it is based on external and internal factors, which the organization can only forecast and plan for.

Managers Must _____ the Supply of Labor, Which Refers to How