Professional Documents
Culture Documents
SEEMA RAWAT-
REVIEW
What are the Barriers to HRP? What are the elements of effective HRP? What is Forecasting? What are the considerations and techniques of Demand and Supply forecasting?
HR PROGRAMMING HR IMPLEMENTATION
SURPLUS
SHORTAGE
HRP PROCESS
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Forecasting Demand
Considerations
Techniques
Product/Service Demand Economics Technology Financial Resources Absenteeism/turnover Organizational growth Management philosophy
Mathematical Trend Analysis Ratio Analysis Time Series of Ratios Linear/Multiple Regression Managerial Estimates Delphi technique
Time series analysis deals with the analysis of a data recorded over equal intervals of time
3500 3000 2500 2000 1500
t i s o p d n a m e D
Collection of data Plotting graph of the data Determination of trend by the methods described Deriving forecasts of monthly or quarterly trend values for the year(s) for which the forecast(s) is (are) required. Calculation of trend values by the method of moving averages, described in Annexure-II on Moving Averages. Obtaining seasonality indices for months or quarters of a year Deriving forecasts for monthly or quarterly values by multiplying trend values obtained in the step (iv) , with seasonality indices obtained in step (vi).
REGRESSION ANALYSIS
Studies the relationship among two or more variables. The relationship can be described and measured in a functional form. If the relationship between two variables, one dependent and the other independent or explanatory variable, is a linear function or a straight line, then the linear function is called simple regression equation, and the topic under study is referred to as simple regression analysis. Multiple Regression Analysis deals with more than two variables,
Forecasting Supply
External considerations Techniques
Demographic changes Education of workforce Labour mobility Government policies Unemployment rate
Staffing Tables Markov analysis Skills inventory Management Inventory Replacement charts Succession planning
Skill inventories info about non-managers. 1. Personal data 2. Skills 3. Special qualifications 4. Salary and job history 5. Company data 6. Capacity of individual 7. Special preference of individual
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Contd..
Management inventories
1. 2. 3. 4. 5. 6. 7. 8. 9. Work history Strengths Weakness Promotion potential Career goals Personal data Number and types of employees supervised Total budget managed Previous management duties.
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Inflows and outflows IS= current supply outflow + inflow Turnover rate No of separations during one year 100 Avg no of employees during the year
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Contd
Conditions of work and absenteeism. Absenteeism is given by no of persons days lost Avg no of persons no of working days
100
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