(a) Why must managers have a good understanding of workforce demand and supply?
(b) How does this understanding impact their organization's strategic planning process?
Workforce is a term used to describe the individuals engaged in or available for work in a specific company, region, sector or industry.
Answer and Explanation:
A good understanding of workforce demand and supply is essential to understand the level of compensation that should be paid to attract and retain...
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fromChapter 6 / Lesson 2
Learn what workforce planning is. Identify the definition of workforce planning, and discover how to conduct a workforce analysis by reviewing examples.