Question: By comparing forecasts for labor supply and demand for specific jobs, planners can ascertain whether there will be a labor surplus or a labor shortage

By comparing forecasts for labor supply and demand for specific jobs, planners can ascertain whether there will be a labor surplus or a labor shortage for certain job categories. The second step in human resource planning is to define specific goals regarding a desired end and provide benchmarks for determining the relative success of a program aimed at addressing labor surpluses or shortages. There are a number of strategies for addressing the issue of a labor surplus that vary according to expense, speed, effectiveness, amount of human suffering, and irrevocability. There should be a specific timetable for achieving goals

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