ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -The human resource planning is time-consuming since it collects the complete information regarding the personnel requirements of each department and then finds the suitable sources to satisfy the needs. The human resource planning is an expensive process.
Detailed explanation-2: -Human resources planning ensures the best fit between employees and jobs while avoiding manpower shortages or surpluses. There are four key steps to the HRP process. They include analyzing present labor supply, forecasting labor demand, balancing projected labor demand with supply, and supporting organizational goals.
Detailed explanation-3: -2.1 1) Uncertainty of future. 2.2 2) Problems of surplus staffing. 2.3 3) Conservative attitudes of top-level management. 2.4 4) Time-consuming. 2.5 5) Expensive.
Detailed explanation-4: -Competitive Conditions. HR managers seek to maintain low costs, one of the most common factors affecting human resource planning. Regulatory Shifts. Whether it’s ensuring safety or labor laws, regulatory shifts impact HR practice. Advancing Technology. 01-Dec-2021