HRM1008 Lecture Notes - Lecture 3: Nominal Group Technique, Markov Chain, Delphi Method
12 Jul 2017
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Human resource planning: forecasts an organization"s future demand for and supply of employees, and matches supply with demand, hr department contributes to success: Successful tactical plans require hr plans (operational plans) Hr planning can vary (levels 1-5: human resource planning can vary from capturing basic information to a more sophisticated, higher the number, the more significant the planning approach. Level 2: minimal; focus on headcount (e. g. , we have five people, someone resigned now we have four) Level 3: long term forecasts (ranges from 3-5 years small to medium sized organization) Informal and instant forecast: formal expert surveys. May use questionnaires or focused discussions (e. g. nominal group technique: delphi technique. Solicits estimates from a group of experts, usually managers until opinions converge. Trend projection forecasts: extrapolation: extending past rates of change into the future. The supply of human resources: external supply estimates: labour market analysis, community attitudes. Study of the firm"s labour market to evaluate the present or future availability.
