Explain environmental and organizational factors affecting HR forecasting.

Factors Affecting Human Resource Planning

Type and Strategy of Organization.

Organizational Growth Cycles and Planning.

Environmental Uncertainties.

Time Horizons.

Type and Quality of Information.

Labor Market.

FACTORS AFFECTING HR DEMAND FORECASTING -

Human Resource Demand Forecasting depends

on several factors, some of which are given below. ➢ Employment trends; ➢ Replacement needs; ➢ Productivity; ➢ Absenteeism; and ➢ Expansion and growth.

Factor # A. External Forces:

Political and Legal Environment: The environment includes the impact of the political institutions on the HRM department.

Economic Environment: Economic environment refers to all the economic factors which directly or indirectly affect the HRM.

Globalisation: ...

Technological:

Cultural Forces:

factor affecting hr fire forecasting

Employment.

Technological changes.

Organizational changes.

Demographic changes.

Culture.

Shortage of skill due to labor turnover.

Pressure groups.

Economic factors.

Explanation:

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c

explanation:

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