2. HR Forecasting
● HR forecasting is the process of predicting demand and supply.
● Whether it’s the number of employees or types of skills that are needed
and available to get the job done.
3. Basic forecasting techniques
● Yearly sales or production projections.
● Quantitative assessments, using mathematical calculations, that examine
how many employees are needed and when.
● Qualitative assessments, based on judgment, that determine culture-fit
and skill qualifications or desired personal and professional qualities.
4. Benefits of HR forecasting
HR forecasting enables your business to determine skill requirements,
evaluate demand, assess labor supply, understand workforce needs, and
develop a strategy to meet your goals and growth objectives.
