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Comparing the human resource demand forecast with the internal supply forecast lets a firm determine what?
AThe pay grade that each new position should carry
BThe training method best suited to a new recruit
CWhether it faces a personnel surplus or shortage
DWhether its wages match those paid by competitors
Answer & Solution
Correct answer: C. Whether it faces a personnel surplus or shortage
1. The demand forecast gives the number of people the firm will need.
2. The internal supply forecast gives the number of people it will already have.
3. Setting one against the other shows whether the firm will be carrying too many people or too few.
4. Pay grades and competitor wages belong to compensation decisions, which come much later in the process.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 8 "Managing Human Resources and Labor Relations", section 8.1 Achieving High Performance through Human Resources Management_
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