Asked by Allysa Restaino on May 01, 2024
Verified
Supply forecasting refers to the process of determining the source or sources of human capital to satisfy the organization's demand.
Supply Forecasting
The process of determining the source or sources of human capital to satisfy the organization's demand.
Human Capital
The collective skills, knowledge, and abilities of an organization's workforce that contribute to its economic value.
- Explain the concept of supply forecasting in HR.
Verified Answer
SB
Scott BurlinghamMay 02, 2024
Final Answer :
True
Explanation :
Supply forecasting is focused on identifying the potential sources of talent to meet the organization's staffing needs. It involves analyzing the current and future workforce requirements and determining the availability of talent both inside and outside the organization.
Learning Objectives
- Explain the concept of supply forecasting in HR.
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