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About Human Resource Forecasting Techniques
Human resource forecasting is the process of estimating future staffing needs. It involves analyzing factors like productivity, growth, and replacement needs. Forecasting techniques include ratio trend analysis, regression analysis, work study, Delphi technique, and managerial judgment. Ratio and regression analysis use historical data on relationships between staffing levels and metrics like sales volumes. Work study calculates standard labor hours needed based on production budgets. Delphi technique surveys expert opinions iteratively until consensus is reached. Managerial judgment incorporates input from both top-down and bottom-up approaches within an organization. Accurate forecasting helps ensure appropriate staffing levels and prevents shortages.
Detailed Information
| Author: | ['Hannah Vaniza Napoles'] |
|---|---|
| Publication Year: | 2022 |
| Pages: | 14 |
| Language: | English |
| Format: | |
| Price: | FREE |
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