MHR 849 Chapter Notes - Chapter 6: Demand Forecasting, Brainstorming, Headcount
25 Mar 2015
School
Department
Course
Professor
Document Summary
Worksheets: hotel chain, downsview dating, national credit union. Financial resources i need 10 ees next year (demand), but i can only afford 8. Hr demand: quantitative or qualitative approaches: demand is the organization"s projected requirement for human resources, successful orgs. Combine quantitative forecasts w/ more qualitative expert processes to achieve the most comprehensive forecasts possible: consider current and future demand. Quantitative approaches: trend analysis, 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. Known to have direct influence on org demand, subjected to future forecasting use: track the business index over time. Go back at least 4-5 years, longer better, to record the quantitative/numerical levels of the index: track the workforce size over time. Historical total # of ees or amount of direct/indirect labour.
