ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Demand forecasting
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Supply forecasting
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Environmental forecasting
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None of the above
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Detailed explanation-1: -Explanation: Human resource (HR) demand forecasting is the process of estimating the future quantity and quality of people required.
Detailed explanation-2: -Human Resource Demand Forecasting is the process of estimating the future human resource requirement in right quality and right number.
Detailed explanation-3: -Demand forecasting is the process of estimating the future quantity and quality of people required. The basis of the forecast must be the annual budget and long-term corporate plan, translated into activity levels for each function and department.
Detailed explanation-4: -Demand forecasting is a quantitative aspect of human resource planning. It is the process of estimating the future requirement of human resources of all kinds and types of the organization.