HR budgets are used to forecast the total HR demand requirement for operational or short-run time periods.

Question

Quizplus · Accepted Answer

HR budgets are typically used for planning the financial resources needed for HR activities over a certain period, including recruitment, training, salaries, and benefits, rather than specifically forecasting HR demand. Forecasting HR demand is more about predicting the number and types of employees the organization will need in the future, which is a part of workforce planning rather than budgeting.

HR Budgets Are Used to Forecast the Total HR Demand