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  • Demand Forecasting Supply Forecasting Internal Sources:: Considerations

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    samgosh
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    This document discusses demand forecasting, supply forecasting, gap analysis, and HR planning strategies. Demand forecasting considers product demand, economics, technology, and financial resources. Supply forecasting examines internal skills and management inventory using techniques like trend analysis, managerial estimates, and the Delphi technique, as well as external sources. Gap analysis determines if there is a shortage, surplus, or no gap between demand and internal supply. HR planning strategies for surpluses include hiring freezes and attrition, while strategies for deficits include hiring, outsourcing, and increasing overtime.

    Descrizione originale:

    a structure of human resource planning

    Titolo originale

    HRP Mdel

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    © Attribution Non-Commercial (BY-NC)

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    This document discusses demand forecasting, supply forecasting, gap analysis, and HR planning strategies. Demand forecasting considers product demand, economics, technology, and financial resources. Supply forecasting examines internal skills and management inventory using techniques like trend analysis, managerial estimates, and the Delphi technique, as well as external sources. Gap analysis determines if there is a shortage, surplus, or no gap between demand and internal supply. HR planning strategies for surpluses include hiring freezes and attrition, while strategies for deficits include hiring, outsourcing, and increasing overtime.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Scarica in formato PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    12 visualizzazioni1 pagina

    Demand Forecasting Supply Forecasting Internal Sources:: Considerations

    Caricato da

    samgosh
    This document discusses demand forecasting, supply forecasting, gap analysis, and HR planning strategies. Demand forecasting considers product demand, economics, technology, and financial resources. Supply forecasting examines internal skills and management inventory using techniques like trend analysis, managerial estimates, and the Delphi technique, as well as external sources. Gap analysis determines if there is a shortage, surplus, or no gap between demand and internal supply. HR planning strategies for surpluses include hiring freezes and attrition, while strategies for deficits include hiring, outsourcing, and increasing overtime.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Scarica in formato PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    di 1

    DEMAND FORECASTING

    Considerations:
    * Product/service demand * Economics * Technology * Financial resources

    SUPPLY FORECASTING Internal Sources:


    Skills and management inventory

    Tecniques:
    * Trend analysis * Managerial estimate * Delphi technique

    External sources:
    employment agencies advertising campus recruiting walk-ins internships

    GAP ANALYSIS 1. Shortage/Deficit = Demand is more than internal supply 2. Surplus = Internal Supply is more than Demand 3. No Gap = Demand = internal supply

    HR PLAN/ACTION Strategies for Surpluses:


    Hiring Freeze Attrition Secondments/leaves Transfer Reduce over time and part time Job/work Sharing

    Strategies for Deficit


    Hires (Permanent or Temporary) Buy back vacation or holidays Outsourcing Calling retired employees Recalling layoff employees Retrain Promotions Increase in overtime/part time

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