Human resource planning involves the assessment of both the future demand and the future supply of the various types of labor needed by the organization.

Question

Quizplus · Accepted Answer

Human resource planning is a process that involves analyzing and forecasting the workforce's demand and supply for a particular time in the future. It helps organizations to align their human resource management strategies with their business objectives, and ensure that they have the right mix of skills and talent to achieve their goals. In this process, organizations also consider factors such as workforce demographics, turnover rates, and the availability of skilled workers in the labor market.

Human Resource Planning Involves the Assessment of Both the Future