In: Finance
3. As a manager, you must either review or prepare required data, your responsibility is to recall and apply the elements of consistency. Why?
4. If you reviewed a budget at your workplace do you think the major increases and decreases could be explained? Why or why not?
Staffing- It is the process of hiring human resource in company.
Staffing decision is one of the most important decisions of company, company runs because of its people so a staffing process brings best human resource for company.
Answer(3): Staffing forecast- It is a process of anticipating the need of human resource and the number of employees in the future. It is done so that suitable and best employees may be recruited and company can achieve its goals with the help of its human resource.
Staffing forecast process: Elements that are considered in staffing forecast process:
Answer(4): If you review a budget at your workplace, there may be major increases and decreases, that depend upon the current job market scenario. If there is recession in economy or slowdown then requirement for staffing will be lower and on the other hand, if economy is in boom and there are job creators then company will need more human resource in the future.