33
Through the Looking Glass: Transitioning from Student to Practitioner Abha Khandelwal MS, MD Rush University Medical Center Department of Cardiology
| Date post: | 29-Mar-2015 |
| Category: |
Documents |
| Upload: | jonathon-saffell |
| View: | 297 times |
| Download: | 20 times |
Chapter 6
Determining HR Demand
1Copyright © 2013 by Nelson Education Ltd.
22
Learning Outcomes
After reading this chapter, you should be able to:
• Understand the importance of demand forecasting in the HR planning process
• Recognize the linkages between the HR plan, labour demand forecasting techniques, and the subsequent supply stage
Copyright © 2013 by Nelson Education Ltd.
33
HR Demand
HR demand: The organization’s projected requirement for human resources
Copyright © 2013 by Nelson Education Ltd.
Thinkstock
4
Two Approaches to HR Demand
Quantitative
1. Trend/Ratio analysis
2. Regression analysis
Qualitative
1. Envelope/scenario planning
2. Impact analysis
3. Delphi technique
4. Nominal group technique
Copyright © 2013 by Nelson Education Ltd.
Trend Analysis
Trend analysis: Reveals the historical relationship between an operational index and the number of employees required by the organization (demand for labour)
Copyright © 2013 by Nelson Education Ltd. 55
Ratio Analysis
• Ratio analysis: A quantitative method of projecting HR demand by analyzing the relationship between an operational index and the number of employees required
Copyright © 2013 by Nelson Education Ltd. 6
©at
m20
03/S
hutte
rsto
ck
7
Trend/Ratio Analysis
Copyright © 2013 by Nelson Education Ltd.
Regression Analysis
Regression analysis: Very effective, quantitative forecasting technique for short-, medium-, and long-range time horizons
• Can be easily updated and changed• Uses SPSS or SAS
Copyright © 2013 by Nelson Education Ltd. 88
HR Budgets
HR budgets: Quantitative, operational, or short-run demand estimates that contain the number and types of personnel required by the organization as a whole and for each sub-unit, division, or department
Copyright © 2013 by Nelson Education Ltd. 99
HR Budgets: Staffing Table
• Staffing table: Total HR demand requirements for operational or short-run time periods
Copyright © 2013 by Nelson Education Ltd. 1010
Thi
nkst
ock
11
HR Budgets: Staffing Table
Copyright © 2013 by Nelson Education Ltd.
12
Two Approaches to HR Demand
Quantitative
1. Trend/Ratio analysis
2. Regression analysis
Qualitative
1. Envelope/scenario planning
2. Impact analysis
3. Delphi technique
4. Nominal group technique
Copyright © 2013 by Nelson Education Ltd.
Envelope/Scenario Forecasts
Envelope/scenario forecasts: Projections, or multiple-predictor estimates, of future demand for personnel predicated on a variety of differing assumptions about how future organizational events will unfold
Copyright © 2013 by Nelson Education Ltd. 1313
14
Envelope/Scenario Forecasts
Copyright © 2013 by Nelson Education Ltd.
15
Impact Analysis
Impact analysis: A forecasting method in which past trends are analyzed by a panel of experts to predict future HR demand
Copyright © 2013 by Nelson Education Ltd.
1616
Delphi Technique
Delphi technique: A process in which the forecasts and judgments of a selected group of experts are solicited and summarized in an attempt to determine the future HR demand
Usually do not meet in person; predictions anonymously circulated and revised
Copyright © 2013 by Nelson Education Ltd.
1717
Nominal Group Technique
Nominal Group Technique: Long-run forecasting technique utilizing expert assessments
Usually do meet and jointly determine forecast
Copyright © 2013 by Nelson Education Ltd.
