Forecasting the supply of labour involves two tasks. The first task is to forecast
A) future organizational plans.
B) the number and type of employees who will be in the firm at some future date.
C) general economic trends.
D) trends in past HR usage.
E) demand for certain types of employees.

Question

Quizplus · Accepted Answer

Forecasting the supply of labour involves predicting the number and type of employees that will be present in the firm at some future date. This is essential for organizations to plan for their future HR needs and make important HR decisions. Though forecasting demand for certain types of employees is also crucial for effective HR planning, it is not the primary task involved in forecasting the supply of labour.

Forecasting the Supply of Labour Involves Two Tasks