ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Recruitment
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Human Resource Planning
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Human Capital Management
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Human Resource Management
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Detailed explanation-1: -HUMAN RESOURCE PLANNING. In simple words, HRP is understood as the process of forecasting an organization’s future demand for, and supply of, the right type of people in the right number.
Detailed explanation-2: -Organization forecasting includes the following processes: Defining Prerequisite Forecast Information. Submitting Calculation Processes. Creating Versions and Generating Amounts.
Detailed explanation-3: -HR forecasting is the process of predicting demand and supply-whether it’s the number of employees or types of skills that are needed and available to get the job done. Basic forecasting techniques include: Yearly sales or production projections.
Detailed explanation-4: -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.