HR 401: MANPOWER PLANNING, RECRUITMENT

& SELECTION

METHODS & TECHNIQUES

A Session by : Prof. Abhijit Malakar [Industry & Domain Expert]

[MBA(Mktg.), MCOM(A&F), EPHRMA(HR), PGDBA(IT/Systems), PGACS(Computer Science)]
Email: abhijit.malakar@gmail.com
TABLE OF CONTENTS
 Demand Forecasting :
◦ Managerial judgement
◦ Ratio-Trend Analysis
◦ Work Study Techniques
◦ Delphi Technique
◦ Regression Analysis
◦ New Venture analysis
◦ Markov Analysis
 Supply Forecasting :
◦ Analysis of existing Manpower
◦ Analysis of internal supply
◦ Inflows and Outflows
◦ Turnover rate
TABLE OF CONTENTS (Contd.)
 Supply Forecasting (Contd.) :
◦ Productivity Level
◦ Movement among jobs
◦ Analysis of external supply
◦ Balancing Supply & Demand
◦ Issues of Shortage and Surplus

 Thank You :
◦ Q-A Sessions
HR Forecasting Concepts
Demand Forecasting
 Forecasting: Process of predicting future event
based on historical data
 Educated Guessing.
 Underlying basis of all Business Decisions »
Production » Inventory » Personnel » Facilities
 Importance of Forecasting: All Departments
throughout the Orgnanization depends on
Forecasts to formulate & execute their plans
 Finance needs forecasts to project cash flows
and capital requirements
Demand Forecasting (Contd.)
 Human resources needs forecast to anticipate hiring
needs
 Production needs forecast to plan production levels,
workforce, material requirements, inventories, etc.
 Demand isn’t the only variable of interest to forecasters
 Manufacturers also forecast worker absenteeism,
machine availability, material costs, transportation &
production lead times, etc.
 Besides demand, service providers are also interested in
forecasts of population, of other demographic variables,
of weather etc.
Forecasting HR Demand
Factors affecting Demand Forecasting
Primary Methods
Managerial Judgement
Work Study
Econometrics
Supply Forecasting
Factors affecting HR Supply
Factors affecting HR Supply
 Supply Forecasting Methods

Note: Refer to Slide No. 32 to 36 for Competency Model & Replacement Chart
Forecasting during Lifecycle
Benefits of Forecasting
Forecasting HR Demand
Managerial Judgement
Managerial Judgement
Managerial Judgement (Contd.)
Naïve Approach
Trend Analysis
Trend Analysis (Contd.)
Trend Analysis (Contd.)
Work Study Techniques
Delphi Technique
Characteristics of Delphi Method
Delphi Method
Delphi Technique Diagram
Regression Analysis
Econometric Models
Nominal Group Technique (NGT)
Workforce Analysis
Workforce Analysis
Workload Analysis
Forecasting HR Demand
Competency Model
Replacement Chart
Replacement Planning
Replacement Planning (Contd.)
Replacement Chart
Succession Planning
Succession Planning (Contd.)
Succession Prism
Markov Analysis
Markov Analysis (Contd.)
Markov Analysis (Contd.)
Markov Analysis (Contd.)
Transition Sums
Work-Study Technique Sum
Ratio – Trend Analysis Sum
 Thank you

For any query on this document you may drop an Email here: abhijit.malakar@gmail.com