MHR 849 Lecture Notes - Lecture 6: Demand Forecasting, Headcount, Delphi Method
4 Apr 2016
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Document Summary
Hr demand: the organization"s projected requirement for human resources. Plans for technological change (lowers the need for as many ees) Demand is the organization"s projected requirement for human resources. Combine quantitative forecasts w/ more qualitative expert processes to achieve the most comprehensive forecasts possible. Attempts to forecast future personnel needs by extrapolating from historical relationship/changes in one or more organizational indices. Looks at the # of ees required by the org in the past. Index examples: sales, sales per employee more complex systems can combine. Calculating demand of workforce based on sales. Ratio/relationship between operational index and workforce size. Projecting hr demand by analyzing the relationship between an operational index and the number of employees required. Operational index: numerical scale used to compare variables with one another or with some reference number. Examples: # of sales per employee, # of units produced, # of clients served, production (direct labour) hours.
