Which of the following statements about HR demand forecasting is MOST accurate?
A) HR managers do not typically engage in HR demand forecasting because the forecasting process requires an expert in research.
B) HR demand forecasting is an internal labour supply forecast.
C) HR demand forecasting uses census figures to calculate labour supply and demand for a particular industry.
D) HR demand forecast only involves forecasting a specific business's labour needs for some future time.

Question

Quizplus · Accepted Answer

HR demand forecasting is a process of estimating internal labour supply and demand by analyzing and forecasting the organization's current and future human resource needs. It helps HR managers to prepare for fluctuations in the workforce by predicting the demand for employees and identifying the skills and competencies required to meet those demands. Therefore, option B is the most accurate statement about HR demand forecasting.

Which of the Following Statements About HR Demand Forecasting Is