Forecasting Human Resource Needs or Requirements

1. Quantitative Assessments: Mathematical calculations to determine human resource needs. 

2. Qualitative Assessments: Based on judgment to determine cultural fit, skill qualifications, or desired personal and professional qualities. 

3. The Delphi Technique: Asking management to complete a survey and creating a report based on their combined responses. 

4. Managerial Judgment: Gut feeling based on experience to predict future outcomes. 

5. Trend Analysis: Looking at past trends to guess what might happen next. 

6. Regression Analysis: Using math & geometry to see how changes in one thing affect another. 

7. Econometrics Methods: Applying fancy math and economic models for predictions. 

8. Ratio-Trend Analysis: Compares data points [ratios] to past trends for future predictions. 

9. Work-study technique: Analyze tasks to estimate labour needs for production.

 

10. The Markov Model: Uses probabilities to predict employee movement within an organization. 

11. Nominal Group Technique: Structures a group discussion to gather diverse ideas anonymously. 

12. Supply Forecasting: Predicts future availability of resources or personnel.