Analyzing the future hiring needs for an annual strategic plan is the best example of which of the following?

Question

Options

• AThe Delphi technique
• BThe nominal technique
• CForecasting
• DCost-benefit analysis

• A
  4% (2)
• B
  2% (1)
• C
  89% (41)
• D
  4% (2)

Explanation

Forecasting is correct because it is the process of predicting future organizational needs - including staffing levels - based on strategic goals and data analysis. Analyzing hiring needs for an annual plan is a classic example of workforce (or HR) forecasting.

Why the distractors are wrong:

• A. The Delphi technique is a structured method for gathering expert opinions through rounds of anonymous surveys - it's a tool that might support forecasting, not forecasting itself.
• B. The nominal technique (nominal group technique) is a group decision-making method where participants silently generate ideas and then vote - unrelated to predicting staffing needs.
• D. Cost-benefit analysis compares the financial costs and benefits of a decision - it evaluates whether to do something, not how many people you'll need.

Memory tip: Think of forecast like a weather forecast - you're looking ahead to predict what's coming. Any time a question mentions "future needs" + "planning period," that's your signal to pick Forecasting.

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