ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Forecasting demand and supply
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Estimating manpower gaps
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Analysing organization objectives
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None of the above
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Detailed explanation-1: -The first and foremost step is to determine the objective for the process to carried on. The objective should be defined precisely, so that right number of people for the right kind of job are selected. It varies across different departments of the organisation depending on their role and function.
Detailed explanation-2: -The planning process generally consists of four steps: assessing the present employee supply, forecasting the workforce, balancing labor supply and demand, and creating plans that support the firm’s objectives.
Detailed explanation-3: -What are the objectives of HRP? As a whole, Human Resources Planning is the driving force of any company. Proper planning helps to attract and retain the required quantity and quality of human resources. It also helps to forecast employee turnover and develop plans for limiting turnover and filling vacancies.
Detailed explanation-4: -Analysis of Organizational Plans and Objectives. Preparing a Human Resources Inventory. Assessing Future Supply and Demand. Matching Supply and Demand. Establishing an Action Plan. 29-Jul-2020