Lecture 2 .docx

Lecture 2 .docx - Human Resource Management Lecture 2 Jan...

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Human Resource Management Lecture 2 Jan. 15 2018 Quantitative Approach; trend analysis o Forecasting labour demand based on an organizational index Select Factor (“Index”) that this is a good predictor of HR needs Plot historical trend Calculate ratio and multiply by index Qualitative Approach; management forecasts o Experienced personnel making informed estimates o Ex; Nominal Group Technique (sample question; what factors are most important determining the number and type of people needed. In a nominal group technique, they would ask a group of people a question, they answer on their own, select top answers o Ex; Delphi Technique Typically done by HR/consultant, survey a bunch of people, collect results, determine verdict These methods revolve around getting more peoples’ opinions o SEE FIGURE OF STAFFING TABLES 2. Forecasting the Supply of employees (internal) Staffing Tables Markov Analysis (P.60) Skill Inventories & Management Inventories – types
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