What is the first step taken in an effective HR forecasting process?
A) determining internal and external supply of labour
B) identifying the gap between demand and supply
C) forecasting demand for labour
D) developing an action plan to address future needs

Question

Quizplus · Accepted Answer

The first step in an effective HR forecasting process is to forecast the demand for labour, as this provides the foundation for subsequent steps such as determining the internal and external supply of labour and identifying the gap between demand and supply. Without an accurate forecast of demand for labour, it is difficult to plan and prepare for future HR needs.

What Is the First Step Taken in an Effective HR