Which term describes the type and number of competitors' job openings when looking at supply and demand within HR?

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08-02-2021
Business

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Which term describes the type and number of competitors' job openings when looking at supply and demand within HR?

Sagot :

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Lanuel Lanuel · Answer 1 · 2021-02-11T19:33:13-05:00

Answer:

External labor demand

Explanation:

Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.

Hence, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.

External labor demand is the term which best describes the type and number of competitors' job openings when looking at supply and demand within human resources (HR).

Basically, an external labor demand gives a description of the number and type of employees that are required by a rival company in the same industry.

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