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For the HR planning process, how should goals be determined?

A. By analyzing labor supply and demand data.
B. By setting arbitrary targets.
C. By following industry trends.
D. By relying on intuition and gut feeling.

Answer :

Final answer:

In the HR planning process, goals should be determined by analyzing labor supply and demand data. (option A) This helps in accurately predicting and balancing workforce needs. It also takes into account factors like the state of the macro economy and the impact on a company's demand for labor.

Explanation:

For effective HR planning process, goals should be determined by analyzing labor supply and demand data (option A). This data-driven approach enables companies to accurately predict and balance their workforce needs, based on factors such as the annual salary or hourly wage received and labor metrics like the number of workers or the number of hours worked. Analyzing labor markets enables a company to understand market trends and workforce dynamics. Factors like state of the macro economy also impact companies' demand for labor. For example, if companies predict growth, they may increase their hiring efforts.

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