Importance of Manpower Forecasting
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In spite of highly modernized industrial trend, manpower requirement play a vital role. An organization should be prepared well in advance to face the need, or else all its operation will come to a grinding halt. Some specialized equipment are operated by certain trained skilled personnel and if they are expected to retire in the month of November, then the organization should be aware of it and forecast it to prepare new comers with adequate training to carry on the job without break.