State weather the following Statement is True in terms of Limitations in Human Resource PlaningIt is difficult to prepare long range of forecasts accurately because of challenges in economic conditions and technology

HUMAN RESOURCE MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

State weather the following Statement is True in terms of Limitations in Human Resource Planing"It is difficult to prepare long range of forecasts accurately because of challenges in economic conditions and technology”

A	False
B	True
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -The human resource planning is an expensive process. All the activities carried out from the time the manpower need arises till the final placement of employees, consumes lot of time and is very expensive.

Detailed explanation-2: -Demand forecasting is one of the most difficult parts of human resources planning. Recruitment involves decisions about whom to hire. The majority of companies perform drug testing on all applicants. Employment-at-will means that an employee may be terminated for any reason.

Detailed explanation-3: -HR forecasting is the process of predicting how a company’s staffing needs change with time so that it can remain prepared to operate successfully. Organizations use HR forecasting to decide to hire more people, reduce their staffing or adjust how they divide responsibilities.

Detailed explanation-4: -Inaccuracy of Forecasts. Support of Top Management. Resistance from Employees. Forceful Adoption. Uncertain. Requires Coordination From All Managers. Expensive and Time-Consuming. 27-Mar-2022

There is 1 question to complete.

ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

HUMAN RESOURCE MANAGEMENT