SOCSCI 2HR3 Lecture Notes - Lecture 3: Nominal Group Technique, Delphi Method, Scatter Plot
26 Sep 2016
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Ontario commits . 1b in additional funding to repair and upgrade aging schools. Ontario government, businesses & educators plan to institute mandatory work ex- perience for all high school and post-secondary students. Forecasting availability of internal and external candidates (supply) Planning and implementing hr programs to balance supply and demand. Ratio analysis: ratio of business activity (eg. sales) and number of employees needed. Scatter plot: used to determine whether two factors (business activity and staffing levels) are related. Regression analysis:: examines the statistical relationship between business activi- ty and employees. Decision making technique that involves a group of experts meeting face to face. Steps include independent idea generation, clarification and open discussion and private assessment. Judgmental forecasting method used to arrive at a group decision, typically involv- ing outside experts as well as organizational employees. Ideas are exchanged without face to face interaction and feedback is provided and used to fine-tune independent judgements until a consensus is reached.
