When planning for employment requirements, what must be forecasted?
A) personnel needs
B) supply of inside candidates
C) Both A and B.
D) Neither A nor B.
The human resources department takes on the role of forecasting for future employment needs and fulfillment. The purpose of forecasting is to align the workforce with corporate strategy. It can be summarized as the act of planning how to fill a company's vacant position(s).
Answer and Explanation:
The answer is A) personnel needs
Employment requirements only require data regarding personnel. The needs may come from the resignation of an employee, death, and promotion of one employee to a higher rank, among other reasons. When the company's human resource department establishes such voids, they then present a forecast of the same and take necessary action to fill such voids.
The current supply of inside candidates is insignificant when forecasting for the future.
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fromChapter 1 / Lesson 14
In this lesson, we'll learn about one of the functions of the human resource department: forecasting. We'll look at some of the more common techniques as well as a step-by-step method companies use for forecasting.