Question: Which of the following is the first step in human resource planning?
A Assessing Organizational Objectives and Strategy
B Job Analysis
C Forecasting
D Workforce Gap Analysis
Answer: Forecasting
| Steps in human resource planning | Description | |
| 1 | Forecasting | Projecting future workforce needs based on factors like business growth, technology changes and trends. |
| 2 | Assessing organizational objectives and strategy | Aligning HR planning with the organization’s strategic goals. |
| 3 | Job analysis | Identifying and documenting job roles, responsibilities and required skills. |
| 4 | Workforce gap analysis | Identifying the gaps between current and future workforce capabilities. |
| 5 | Recruitment and talent acquisition | Developing plans to attract and hire the right talent to fill workforce gaps. |
| 6 | Training and development | Creating programs to improve skills and competencies of existing employees. |
| 7 | Succession planning | Identifying and developing potential future leaders and key personnel within the organization. |
| 8 | Performance appraisal and feedback | Assessing employee performance and providing feedback for improvement. |
| 9 | Retention strategies | Developing plans to retain top talent and reduce turnover. |
| 10 | Monitoring and evaluation | Continuously reviewing and adjusting HR plans to ensure alignment with changing organizational needs. |