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Management · Q236

HRM (Human Resource Management)

Graduate and Post Graduate · Management · question 236

Q236

The first step in the human resource planning process is

A.
Preparing a job analysis
B.
Forecasting future human resource needs
Answer
C.
Assessing future demand
D.
Assessing future supply

Answer: Option B

Solution

Answer: Option B
Solution:
The first step in the human resource planning process is forecasting future human resource needs. Human resources (HR) forecasting involves projecting labor needs and the effects they'll have on a business. An HR department forecasts both short- and long-term staffing needs based on projected sales, office growth, attrition and other factors that affect a company's need for labor.