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HR Demand Forecasting Techniques

This document discusses several methods for strategic human resource planning to determine labor demand, including index/trend analysis, expert forecasts, the Delphi technique, nominal group technique, HR budgets, staffing tables, envelope/scenario planning, and regression analysis. Index/trend analysis uses historical relationships between operational metrics like sales and employee numbers. Expert forecasts gather qualitative input from managers and analysts. The Delphi technique and nominal group technique gather expert opinions anonymously or through group discussions. HR budgets and staffing tables provide quantitative, short-term estimates of personnel needs. Envelope/scenario planning models multiple assumptions. Regression analysis predicts demand based on linear relationships with causal variables.

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3 views9 pages

HR Demand Forecasting Techniques

This document discusses several methods for strategic human resource planning to determine labor demand, including index/trend analysis, expert forecasts, the Delphi technique, nominal group technique, HR budgets, staffing tables, envelope/scenario planning, and regression analysis. Index/trend analysis uses historical relationships between operational metrics like sales and employee numbers. Expert forecasts gather qualitative input from managers and analysts. The Delphi technique and nominal group technique gather expert opinions anonymously or through group discussions. HR budgets and staffing tables provide quantitative, short-term estimates of personnel needs. Envelope/scenario planning models multiple assumptions. Regression analysis predicts demand based on linear relationships with causal variables.

Uploaded by

sonia_hun885443
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Chapter 7

HR Demand
Strategic Human Resource Planning
Index/trend analysis
It reveals the historical relationship between the operational
index and number of employees required by the
organization( demand of labor) [ can also be called employee
requirement ratio]
Sales level is most commonly used other operations include the
following:
1) the number of units produced
2) the number of clients served
3) the production hours
 Organizations use trend analysis to ascertain demand
requirements for
1) Direct Labor 2) Indirect labor
Experts Forecasts
Direct managerial input is widely used method for
determining workforce requirements
It is a qualitative process of determining the future
labor requirements
Wide variety of individuals are considered while
making decisions which include line managers , HR
business planning staff , business consultants, financial
analysts, university researchers, Industry
spokespersons , and federal, provincial and local
government
Delphi Technique
A carefully designed program of sequential, individual
interrogations( usually conducted through
questionnaires) interspersed with information feedback
on the opinions expressed by the other participants in
previous rounds.
 does not employ face-to-face meetings
Costs are higher to adopt this technique
Careful selection of experts should be done
Nominal Group Technique
Long run forecasting technique utilizing expert
assessments
Experts interact in face-to-face meetings
Each demand estimate is considered to be the property
of entire group and to be impersonal in nature, which
minimizes the potential for dominance, personal
attacks, and defensive behavior in support of estimates
presented in the group forum
Expert forecast is determined by a secret vote of all the
group members on their choice on the tabled demand
forcasts
HR Budgets: Staffing Table
HR Budgets: Quantitative, operational or short run
demand estimates that contain the number and types of
personnel
( i.e. personnel classes such as bank clerks, loan
officers, and branch managers) required by the
organization as a whole and for each subunit, division
or department.
Staffing table: Total HR demand requirement for
operational or short run time periods.
Envelope/scenario Planning
Projections, or multiple predictors estimates, of future

demand for personnel based on a variety of differing

assumptions about how future organizational events

will unfold.
Regression Analysis
Presupposes that a linear relationship exists between

one or more independent(causal ) variables, which are

predicted to affect the dependant(target) variable-in

our instance, future HR demand for personnel( i.e. the

number of the personnel)


Questions…

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