ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Terminates existing employees
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Recruits new employees
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Either A or B
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None of the above
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Detailed explanation-1: -The basis of organization (e.g. Department, function etc.) plays a key role in assessing the manpower need of the tasks that are to be done. The growth of organization can have a considerable influence on HRP as the internal development of individuals also needs to be contemplated in order to keep up with the growth.
Detailed explanation-2: -Human resource planning (HRP) is the continuous process of systematic planning to achieve optimum use of an organization’s most valuable asset-quality employees. Human resources planning ensures the best fit between employees and jobs while avoiding manpower shortages or surpluses.
Detailed explanation-3: -The difference between projected labor needs and your current labor supply represents the “gap” that must be addressed to arm your organization with an adequate workforce.