Workforce Planning in Human Resource Management Quiz

HRM is the strategic approach to the effective management of employees.

A workforce plan involves considering the number of employees and the skills they will need to successfully operate.

Labor turnover is measured by dividing the number of employees leaving in one year by the average amount of employees currently employed, and multiplying by 100.

<p>High levels of labor turnover can be very expensive, so managing it is crucial for efficient resource allocation.</p> Signup and view all the answers