How do companies forecast human resources demand and supply?
Given that work in organizations is managed and done by people (human resources), every successful organization must spend time planning for its human resources needs. Before an organization can know what the need is, they must first have a clear idea of what work they need to have done...
HR professionals must assess work tasks and their importance to the organization, job positions required to complete these tasks, and the skills, competencies, experience, education, and training that will be required.