What are the techniques of forecasting human resources of an organisation?

Several techniques of forecasting human resource requirements and availability are currently used by those in the profession.   • Zero Based Forecasting This method uses the organization’s current level of employment as the starting point for determining future staffing needs. The key to zero-base forecasting is a thorough analysis of human resource needs. • Bottom-Up Approach A forecasting method in which each successive level of the organization, starting with the lowest, forecasts its employee requirements in order to, ultimately, provide an aggregate forecast of employment needs.   • Use Of Mathematical Models Mathematical models can assist in forecasting HR requirements. The relationship between sales demand and the number of employees needed is a positive one.   • Simulation Simulation is a technique for experimenting with a real-world situation through a mathematical model representing that situation.  Forecasting Human Resource Requirements A requirements forecast is an estimate of the numbers and kinds of employees the organization will need at future dates in order to realize its goals. Forecasting Human Resource Availability Determining whether the firm will be able to secure employees with the necessary skills and from what sources these individuals may be obtained is called an availability forecast.

 

 

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