Anticipating Future Needs
Forecasting is used to assess past trends, evaluate the existing situation, and project future events. Forecasting and planning are complementary in that forecasts identify expectations, whereas plans establish concrete goals and objectives. An agency must consider how to allocate people to jobs over long periods and try to anticipate expansions or reductions in programs or other changes that may affect the organization. Based on these analyses, HR leaders can make plans for the recruitment and selection of new employees, the shifting of employees to different programs or units, or the retraining of incumbent employees.
A demand forecast anticipates the workforce that will be needed to accomplish future functional requirements ...
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