MHR 849 Lecture Notes - Lecture 5: Tradesman, Proportional Representation, Visible Minority
4 Apr 2016
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Document Summary
Ascertaining the net requirement for personnel by determining. Demand and supply now and for the future. Right # of people, right ksas, right place, right time. Compares current ksa/experience level in the organization to the level of ksa/experience needed in the future. Transaction based forecasting: focuses on tracking internal change instituted by the organization"s managers. Event based forecasting: concerned with changes in the external environment. Process based forecasting: not focused on a speciic internal organization event, but on t he low or sequencing of several work activities. Forecasting is more accurate when you use a variety of the techniques (both quantitative and qualitative data) Align with overall business goals of the organization. Personnel policies will align with operating and production policies. Business forecasting organizational objectives hr forecasting: ensures that organizational requirements take precedence over issues of resource constraint and scarcity (hr supply and hr.
