SUPPLY FORECASTING
TECHNIQUE
Name – Rohanjaiswal
Roll no: Bwu/Bba/16/042
Sub code: bba 403
Supply forecasting
• Human Resource supply forecasting is the
process of estimating availability of human
resource followed after demandfor
testing of human resource.
Supply Forecasting Techniques
• Trend analysis
• Competency model
• Replacement Charts
• Staffing table
• Succession Planning
• Markov Analysis
Trend analysis
Trend analysis involves collecting and
evaluating data to identify patternsof
information that might impact the future.
Competency Model
A future-oriented model that first
reviews competencies that are aligned with an
organization’s mission, vision, and
strategy, and then aims to identify an ideal
workforce in terms of these competencies .
Replacement chart
• A
• A chart used to estimate vacancies in
higher level jobsand identify how potential
HR supply can fill these vacancies via
internal movementsfrom lower levels
jobs .
Staffing table
Staffing tables are graphic
representations of all organizational jobs,
along with the numbers of employees currently
occupying those jobs and future employment
requirements, which can be derived from
demand forecasts.
Succession Planning
Succession planning is a longer-term process of
grooming a successor (selected from a
pool of candidates on the basis of perceived
competency) for management or critical
positions.
Markov analysis
Analysis that helps to predict internal
employee movement from one year to
another by identifying percentages of
employees who remain in their jobs, get
promoted or demoted, transfer, and exit out of
the organization
conclusion
• Human resource forecasting is all about
estimatingthe future demand and supply
of human resources in an organization.
Thank you !
&
have a nice day !

Supply forecasting technique

  • 1.
    SUPPLY FORECASTING TECHNIQUE Name –Rohanjaiswal Roll no: Bwu/Bba/16/042 Sub code: bba 403
  • 2.
    Supply forecasting • HumanResource supply forecasting is the process of estimating availability of human resource followed after demandfor testing of human resource.
  • 3.
    Supply Forecasting Techniques •Trend analysis • Competency model • Replacement Charts • Staffing table • Succession Planning • Markov Analysis
  • 4.
    Trend analysis Trend analysisinvolves collecting and evaluating data to identify patternsof information that might impact the future.
  • 5.
    Competency Model A future-orientedmodel that first reviews competencies that are aligned with an organization’s mission, vision, and strategy, and then aims to identify an ideal workforce in terms of these competencies .
  • 6.
    Replacement chart • A •A chart used to estimate vacancies in higher level jobsand identify how potential HR supply can fill these vacancies via internal movementsfrom lower levels jobs .
  • 7.
    Staffing table Staffing tablesare graphic representations of all organizational jobs, along with the numbers of employees currently occupying those jobs and future employment requirements, which can be derived from demand forecasts.
  • 8.
    Succession Planning Succession planningis a longer-term process of grooming a successor (selected from a pool of candidates on the basis of perceived competency) for management or critical positions.
  • 9.
    Markov analysis Analysis thathelps to predict internal employee movement from one year to another by identifying percentages of employees who remain in their jobs, get promoted or demoted, transfer, and exit out of the organization
  • 10.
    conclusion • Human resourceforecasting is all about estimatingthe future demand and supply of human resources in an organization.
  • 11.
    Thank you ! & havea nice day !