What does "forecasting supply of human resources" involve in HRP?

Estimating the number of employees required for new projects.

Allocating employees to different departments based on promotions.

Identifying the current job vacancies.

Creating a list of potential job applicants.

What is the purpose of forecasting the demand for human resources in HRP?

To determine the current job vacancies.

To assess the cost aspect of human resources.

To estimate the future skill requirements based on the organization's objectives.

To identify employees for promotion and transfers.

What is the outcome of matching demand and supply in HRP?

Identifying surplus employees for promotion.

Determining the current job vacancies.

Identifying overstaffing or understaffing situations.

Deciding on employee transfers.

What is the primary purpose of Human Resource Planning (HRP)?

To increase excessive labor turnover.

To create disruptions in the flow of work.

To improve productivity and achieve organizational objectives.

To complicate the management personnel's tasks.

What is the significance of estimating manpower gaps in HRP?

To determine the budget for employee compensation.

To identify the employees who need to be terminated.

To identify areas of potential skill development and training.

To create a list of potential job applicants.

Which step in HRP involves analyzing plans for technology, production, marketing, and other aspects of the organization?

Forecasting Demand for Human Resources.

Forecasting Supply of Human Resources.

Analysis of Organizational Plans and Objectives.

What is the potential consequence of faulty human resource planning in an organization?

Increased productivity and job satisfaction.

Improved cost control and efficient resource allocation.

Disruption in the flow of work and lower production.

Enhanced employee motivation and engagement.

What is the role of Human Resource Planning in dealing with surplus manpower?

Redeploying employees to other departments.

Recruiting more employees externally.

Offering voluntary retirement to employees.

Conducting performance appraisals.

What is the primary focus of Human Resource Planning in terms of future workforce needs?

Meeting the current job vacancies.

Identifying employees for termination.

Ensuring availability of necessary resources.

Which objective of Human Resource Planning focuses on ensuring the best utilization of current human resources?

Controlling the cost aspect of human resources.

Providing control measures for resource availability.

Avoiding imbalances in the distribution of human resources.

Formulating transfer and promotion policies.

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