Question

As a part of its human resource planning process, KRQ Consulting estimates the qualifications of all current employees as well as the qualifications of the available workers in the external job market. KRQ Consulting is engaging in ________.

Answer 1

Here KRQ consulting is engaging in supply forecasting.

Step-by-step explanation:

HR( human resource ) supply forecasting is very important in order to determine the characteristics of hiring sources with in the predetermined planning horizon, to estimate if the future supply is sufficient enough to match the future HR demands. The main objective of doing supply forecasting is to determine the number of employees required for each job and their abilities, skills, knowledge etc.