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Forecasting
Human Resources
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Managerial Judgment
Trend Analysis
Ratio Analysis
Scatter Plot
Computerized Forecast
Work Study Technique
Delphi technique
Regression Analysis
Econometric Models
cont..
Managerial Judgment
This techniques is very simple. In this,
manager sit together, discuss and arrive
at a figure which would be the future
demand for labor. The technique may
involve a bottom-to-top or top-to-bottom
approach.
Trend Analysis
Method which forecast employments
requirements on the basis of some
organizational index and is one of the
most commonly used approaches for
projecting HR demand.
Business Factor Annual Volume of
Sales.
Total Number of Employees.
Compare the Productivity Ratio.
Calculate Human Resources demand.
Forecasted
Human
Resource
Requirements.
Ratio Analysis
Another approach , Ratio analysis , means
making forecasts based on the ratio
between.
1.Some causal factor (like sales volume)
2.The number of employees required
Scatter Plot
A graphical method used to help identify
the relationship between two variables. A
scatter plot is another option. HR planner
can use scatter plots to determine whether
two factors measure of business activity
and staffing levels are related.
Computerized Forecast
The determination of future staff needs by
projecting a firms sales, volume of
production,
and personnel required to
maintain this required volume of output,
using computers and software packages.
Employers also used computerized system
to personnel requirements .
Delphi Technique