This slides have information regarding Human Resource Forecasting. Students who are involved in HRM courses this would be a great help by my side. Properly explained data are available in these slides
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A STUDY TO REDUCE EMPLOYEE ATTRITION IN IT INDUSTRIESIAEME Publication
The research project entitled ‘Reduction of Employee Attrition’ is an attempt to understand the opinion and attitudes of the various categories of employees of IT sector towards the reduction of employee attrition in the organisations. Employee attrition is a serious issue, especially in today’s knowledge-driven marketplace where employees are the most important human capital assets, attrition directly or indirectly impacts on organization’s competitive advantage.
A STUDY TO REDUCE EMPLOYEE ATTRITION IN IT INDUSTRIESIAEME Publication
The research project entitled ‘Reduction of Employee Attrition’ is an attempt to understand the opinion and attitudes of the various categories of employees of IT sector towards the reduction of employee attrition in the organisations. Employee attrition is a serious issue, especially in today’s knowledge-driven marketplace where employees are the most important human capital assets, attrition directly or indirectly impacts on organization’s competitive advantage.
Evolution Of Hrm, Difference b/w PM & HRM, Functions, Wheels Of HRM, Harvard framework of HRM, Challenges faced by HRM, 5- P Models of strategic HRM-- By Akio Morita, Founder, Sony Corporation.
Objective of this presentation is to get quick insight on different aspects of human resource management. This talks about the fundamental as
What is HRM?
Why HRM?
What is authority and its types?
The human resource process begins with a sound Human resource planning. Forecasting the Human Resource Demand and appropriately balancing the deficiency or surplus either from the internal environment or from the external environment lays down the foundation of a sound human resource planning. Explore More!
This unit has a clear description about "HUMAN RESOURCE PLANNING" -employee training, Socialization, Induction, Importance of HRP, Objectives of HRP,HRP Process, HR Demand Forecasting techniques, HR supply forecasting, Recruitment process, internal and external recruitment, Differences between Selection and recruitment, Selection process, types of employment tests, types of interviews, Recruitment policy, Methods of recruitment
Evolution Of Hrm, Difference b/w PM & HRM, Functions, Wheels Of HRM, Harvard framework of HRM, Challenges faced by HRM, 5- P Models of strategic HRM-- By Akio Morita, Founder, Sony Corporation.
Objective of this presentation is to get quick insight on different aspects of human resource management. This talks about the fundamental as
What is HRM?
Why HRM?
What is authority and its types?
The human resource process begins with a sound Human resource planning. Forecasting the Human Resource Demand and appropriately balancing the deficiency or surplus either from the internal environment or from the external environment lays down the foundation of a sound human resource planning. Explore More!
This unit has a clear description about "HUMAN RESOURCE PLANNING" -employee training, Socialization, Induction, Importance of HRP, Objectives of HRP,HRP Process, HR Demand Forecasting techniques, HR supply forecasting, Recruitment process, internal and external recruitment, Differences between Selection and recruitment, Selection process, types of employment tests, types of interviews, Recruitment policy, Methods of recruitment
session_5_human_resource_plann ing ng.pptMdjunaidAli3
info to session he objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding manpower shortages or surpluses. The three key elements of the HR planning process are forecasting labor demand, analyzing present labor supply, and balancing projected labor demand and supply.he objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding manpower shortages or surpluses. The three key elements of the HR planning process are forecasting labor demand, analyzing present labor supply, and balancing projected labor demand and supply.he objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding manpower shortages or surpluses. The three key elements of the HR planning process are forecasting labor demand, analyzing present labor supply, and balancing projected labor demand and supply.he objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding manpower shortages or surpluses. The three key elements of the HR planning process are forecasting labor demand, analyzing present labor supply, and balancing projected labor demand and supply.he objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding manpower shortages or surpluses. The three key elements of the HR planning process are forecasting labor demand, analyzing present labor supply, and balancing projected labor demand and supply.he objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding manpower shortages or surpluses. The three key elements of the HR planning process are forecasting labor demand, analyzing present labor supply, and balancing projected labor demand and supply.he objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding manpower shortages or surpluses. The three key elements of the HR planning process are forecasting labor demand, analyzing present labor supply, and balancing projected labor demand and supply.he objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding manpower shortages or surpluses. The three key elements of the HR planning process are forecasting labor demand, analyzing present labor supply, and balancing projected labor demand and supply.he objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding manpower shortages or surpluses. The three key elements of the HR planning process are forecasting labor demand, analyzing present labor supply, and balancing projected labor demand and supply.he objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding manpower shortages or surpluses. The three key elements of the HR planning process are forecasting labor d
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This ppt is covering lease finance in detail, covering advantages & disadvantages. Types of lease. Instead of doing hard work rely on smart work. Time you devote on copy pasting. Channelize that time in understanding topic via reading it.
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Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
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Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
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unwillingness to rectify this violation through action requires accountability.
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• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
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Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
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2. What is human resource 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.
Basic forecasting techn
iques include: Yearly
sales or production
projections.
3. Condition Action on condition
Surplus of worker.
Demand=Supply
Shortage of worker
Restrict hiring , early
retirement, layoff etc.
No action
Recruitment, Selection
, Recall ,etc.
Impact of Human Resource Forecasting
4. Techniques of Human Resource Forecasting
Demand forecasting
Supply forecasting
6. Managerial Judgement:
The managerial judgement technique includes the bottom up
approach and top down approach. In the bottom up approach, line
managers communicate human resource requirements to top
management.
Applying the information received directly from their line
managers, top management forecasts human resource
requirements. The end result of the bottom up approach is a
demand forecasting process that incorporates input from various
departments.
In the top down approach of the managerial judgement technique,
top management begins the demand forecasting process. After
their human resource forecasting is completed, top management
sends the forecast to departments for them to analyze and accept.
7. contd
A combination of the top down
and bottom up approach is
referred to as the participative
approach. The participative
approach allows department
heads and top management
professionals to forecast
human resource requirements
collectively.
The participative approach is
generally preferable to the top
down and bottom up
approach.
8. BRAINSTORMING
Brainstorming is a popular method for encouraging
creative thinking in groups of about five to eight people
(Ivanceivich, 1998).
Brainstorming is a group or individual’s creativity
technique by which efforts are made to find a conclusion
for a specific problem by gathering a list of ideas
spontaneously contributed by its member.
9. Guidelines in brainstorming
Generate as many ideas as
possible.
Be creative, freewheeling
& imaginative.
Build upon extending or
combine earlier ideas,
Withhold criticism of
others’ ideas.
10. DELPHI TECHNIQUE
Delphi is a structured approach for reaching a consensus
judgment among experts about future developments in
any area that might affect a business, for example, a firm’s
future demand for labor.
Experts are chosen based on their knowledge of internal
factors that might affect a business (e.g., projected
retirement), their knowledge of the general business plans
of the organization, knowledge of the external factors that
might affect demand for the firm’s product and service
and hence its internal demand for labor.
11. contd
These experts prepare
reports . Then this report
provided to HR
department.
If everyone agree with
report it’ll be considered
as final decision
If someone disagree
again, expert have to do
conduct discussion.
12. Econometrics Models
The econometrics model analyzes the
relationship of an dependent variable
with an independent variable. An
example of an dependent variable are
human resources and an example of an
independent variable are sales.
Statistical and mathematical techniques
used throughout the econometrics
model allows human resource
management professionals to estimate
future demand with significant
accuracy.
13. Work study technique
Commonly referred to as
workload analysis, the work
study technique predicts
comprehensive activities and
production for a specified
future time period. The end
result of the work study
technique is an estimation of
the work hours required per
unit produced.
14. Example:
Total annual production required=3,00,000
Time required to produce 1 unit= 2 hour
Time required to produce 3,00,000=300000*2
=6,00,000
Work ability per employee=1500hour/p.a.
Estimated worker needed to produce 3,00,000 units
=6,00,000/1500
=400 workers
16. contd
TREND ANALYSIS:
Examining the trends of the past, identify pattern & predict the
future .
For ex: Work from home etc.
COMPETENCY MODEL:
Competencies are the knowledge , skills & attitude(KSA) required for
successful performance. Competency model is a future oriented model
that focus on matching the right skills or competencies needed for each
job with the skills available with the organization.
REPLACEMENT CHART:
A chart used to estimate vacancies in higher level job and identify
how potential HR supply can fill . These vacancies via internal
movements from lower level jobs.
17. SUCCESSION PLANNING/ANALYSIS
It is the process of identifying and tracking high
potential employee who will be able to fill top
management positioners when they become vacant .
18. MARKOV ANALYSIS/FLOW ANALYSIS
A transition matrix, or Markov matrix, can be used to
model the internal flow of human resources. These
matrices simply show as probabilities the average rate of
historical movement from one job to another.
The technique is named after Russian
mathematician Andrei Andreyevich Markov,