MHR 523 Study Guide - Final Guide: Delphi Method

• School: Ryerson University
• Department: Human Resources
• Course: MHR 523
• Professor: Danielle Lamb

Document Summary

Hr demand numbers must include not only the numbers of staff required to achieve objectives but also replacement for all types of losses: Adding or closing parts of the operation. Trend analysis: the study of a firm"s past employment levels over a period of years to predict future needs: the historical relationship between an operational index and the number of employees required by the organization. Regression analysis: a statistical technique involving the use of a mathematical formula to project future demands based on an established relationship between an organization"s employment level (dependent variable) and some measurable factor of output (independent variable). Nominal group techniques: a 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. Delphi technique: a careful 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.