2. Chapter two
Human Resource Planning
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Demand Forecasting
▬ The process of estimating the future quantity and quality of manpower
requirement
▬ There are two approaches to HR demand forecasting: quantitative and
qualitative
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Work study techniques
▬ Is the investigation, regular system of the work done in an
organization in order to attain the best utilization of resources( Materials,
Machines, Men and Money)
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▬ All the technologies and management systems are related with
productivity
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Managerial/Executive judgment
▬ The approach to manpower forecasting is to prepare estimates of future
needs based on the individual opinions of departmental or line
managers
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Trend analysis
▬ It involves studying past ratio, say, between the number of workers and
sales in an organization and forecasting future ratios
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▬ Internal supply
The techniques generally used for the purpose are:
Inflows and outflows
Conditions of work and absenteeism
Productivity level
Movement among jobs
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▬ External supply
External sources are important for specific reasons:
New blood and new experience will be available
Organization needs to replenish lost personnel
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Organizational growth and diversification create the needs to use
external sources to obtain additional number and type of employees
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Determining Manpower Gaps
The demand and supply must be reconciled or balanced in order that
vacancies can be filled by the right people at the right time