18 Questions
What is the primary purpose of forecasting in human resource planning?
To predict the company's future human resource needs
What is essential for managers to do regularly as part of their strategic planning activity?
Conducting a forecast of labor needs
Why is predicting a firm's demand for employees essential?
To indicate a company's progress
What is the primary objective of human resource planning?
To improve organizational effectiveness
What is the outcome of a thorough study of the strengths and deficiencies of the HR team?
Avoiding surpluses or shortages of people
What are the three major considerations in human resource planning?
Predicting demand, supply, and reconciling the gap between demand and supply of labor
What is the primary purpose of conducting a skills inventory each year?
To approximate the need for manpower for existing positions
What is the gap between demand and supply of human resources used to determine?
The possible increase or decrease in human resources
What is a factor that affects human resource planning according to the company's structure?
Structural design of the company
What is the consequence of having an oversupply of personnel?
The need to downsize
What is the purpose of determining the number of employees currently needed?
To study the gap between demand and supply
What is a source of supply of human resources?
All of the above
What is the primary objective of linking human resource planning with strategic planning?
To ensure HR activities are considered prior to formulating the corporate plan
What is the first step in the human resource planning process?
Understand the organizational mission, goals, objectives, and strategic requirements
What is human resource planning also defined as?
An HR undertaking that ascertains the company's present and subsequent HR needs
What is the relationship between human resource planning and strategic planning?
Human resource planning serves as a link between human resource management and the entire strategic plan of the organization
What is the purpose of forecasting HR demand and supply?
To identify the present and subsequent HR needs of the company
What is the outcome of effective human resource planning?
Ensuring HR activities are considered prior to formulating the corporate plan
Learn about the importance of forecasting in human resource planning, and how it helps organizations improve efficiency. Understand how predicting future human resource needs is crucial in today's competitive environment.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
