ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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determining the jobs to be done / identifying the skills / estimating the exists likely / filling up the requirements
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identifying the skills
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Estimating the turnover of employees likely to happen in near future
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None of the above
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Detailed explanation-1: -Manpower planning is the process of estimating the optimum number of people required for completing a project, task or a goal within time. Manpower planning includes parameters like number of personnel, different types of skills, time period etc.
Detailed explanation-2: -Manpower Planning : It is a plan relating to requirement of people. Estimating how many employ-ees and what type of employees an organisation require at some time in the future. Demand Forecast : It is the process of estimation of future resource requirement of employees.
Detailed explanation-3: -There are four general steps in the HRP process: identifying the current supply of employees, determining the future of the workforce, balancing between labor supply and demand, and developing plans that support the company’s goals.
Detailed explanation-4: -It is obvious that the basis of the manpower estimation should be the annual budget and also long-term corporate plan. For this purpose, certain techniques such as managerial judgement, ratio-trend analysis, and Delphi technique can be used.