Asked by Genna Greco on Jul 07, 2024
Verified
In reference to HR forecasting,contingency plans are implemented when severe,unanticipated changes to organizational or environmental factors completely negate the usefulness of the existing HR forecasting predictions or projections.
Contingency Plans
Preparatory measures designed to help organizations rapidly respond to unexpected events or emergencies.
HR Forecasting Predictions
Estimations made about future human resources needs based on current data, trends, and analysis to guide hiring and workforce development practices.
- Comprehend the principle and significance of contingency planning within Human Resources.
Verified Answer
BS
brittany searsJul 08, 2024
Final Answer :
True
Explanation :
Contingency plans are put in place when HR forecasting predictions or projections become irrelevant due to unforeseen changes in organizational or environmental factors.
Learning Objectives
- Comprehend the principle and significance of contingency planning within Human Resources.