Submitted by

It

is also called HUMAN RESOURCE INVENTORY. Human Resources Inventory is an inventory of skills of human resources currently employed in the organization. It tells management what individual employees can do. The profile of the human resource inventory can provide information for identifying current or future threats to the organization's ability to perform .

 Determination

of personnel whose inventory is to be prepared. Cataloguing of factual information of each individual. Systematic and detailed appraisal of these individuals. Detailed study of those individuals who have potential for development

 Forecasting
Identifying

manpower requirements.

deficiencies in individual . optimum use of available

Determining

potential.
It

helps in identifying any short fall & surplus.

 Quantitative
Qualitative

In skills inventory , following type of information is included: Employees personal data Skills- education, job experience, training, etc. Special achievements, if any Salary and job history Length of service

Management inventory includes the following information: Personal data Work history Strengths and weaknesses Career plan Promotion potential Any special achievements, if any

 An

organization can be considered as a system of flows- both inflows and outflows of various resources. Based on this concept, a flow model of human resources has been developed which is known as MARKOV CHAIN ANALYSIS MODEL. The basic assumption of this model is that in a system, there are inflows and outflows of personnel during a period.

 Determination

of the period in which HR flows are measured. Establishment of categories, to individual can be assigned. Counting of annual flows of individuals among states for several time periods; a state may be absorbing or non-absorbing. Estimating the probability of transitions from one state to another based on the past trend; personnel supply is equivalent to nontransition.

Hypothetical Markov Analysis for a Retail Company