Professional Documents
Culture Documents
Delphi Technique: This is one of the most effective forecasting approaches for human
resource demand. A group of pre-selected specialists is in charge of forecasting demand
in this strategy. These professionals make recommendations on human resource needs.
These experts' responses are summarized, and a report is generated. This procedure
will continue until all experts have reached an agreement on the anticipated human
resource requirements. The Delphi method seeks to decrease subjectivity in predicting
and is appropriate for organizations where frequent technical changes have a significant
impact on workforce requirements.
We have stated above the Qualitative Methods, Let us now decide Quantitative
Methods:
Trend Analysis Method: This strategy assumes that past employee movement trends
in an organization are stable and predict future employee movement trends. This
research is based on data about employee patterns, such as hiring, retirements,
productivity, and turnover, among other things. HR professionals use historical data to
forecast future trends. For example, according to an organization's prior personnel
statistics, 10% of its employees retire, 5% of its employees resign, and 5% of its
employees are fired each year. HR personnel can estimate future employee HR
demands using these tendencies. Let's have a look at the stages involved in forecasting
demand utilizing the trend analysis method:
1. To begin, a relevant business element is chosen and HR needs are examined.
Sales or value addition are examples of business factors. Its sales aim
determines an organization's HR requirements.
2. The number of employees is displayed against the historical trend of the
business factor. A labor productivity ratio, i.e., sales per employee, can be
calculated by dividing total number of employees by total sales.
3. The workforce productivity ratio is compared to the ratios from the previous five
years, and any inconsistencies or changes are documented in this phase.
4. HR demand is calculated by dividing total sales (business factor) by the labor
productivity ratio in this phase.
5. HR demand is forecasted for the target year in the final stage.
Ratio trend analysis method : This is a method for forecasting HR demand based on
the ratio of production capacity to worker availability. It forecasts future ratios by taking into
account recent ratios.
Work Study Method : This method, also known as work-load analysis, is used to
forecast overall production and activity for a specific time period. When the projected
workload is easily measured, this strategy is applied. This method involves assessing
human resource capabilities and turning workload into the number of person hours
necessary to create each unit. As a result, this strategy aids in forecasting HR needs by
estimating total production and each employee's contribution to the creation of each unit
item.
The above techniques are practically applied to forecast demand for HR’s. These help
address the issues which might propel if forecasting is not done which would impact
workforce requirements at the workplace.
2. Before we dive in on how I would design the induction for new employees in an
innovative way, let us understand what induction is.
Building up an engaging, interactive, informative but also fun Induction program is very
important. Below are some innovative ways that I would use to build an induction
program for new employees:
Keeping the desk ready for the new joinees: This will undoubtedly make the
employees feel more at ease and welcomed. The company is ready to greet him and his
inventiveness by setting up their desk even before they arrive. This gesture
demonstrates that the organization is enthusiastic about the new hires.
Give them a welcome gift : Everyone enjoys receiving gifts, there’s nothing better than
welcoming someone who is worried with a surprise gift. We can be as kind or as creative
as we want: I would give them branded pens and a great notepad, some candy to
munch on for the induction day, or even monthly goodie subscriptions depending on the
company’s budget.
Get them involved in the social side : It’s a great way to get the new employees
comfortable. You do not only bring them on board in the company but also connect with
them socially, on social sites, apps, connecting with unofficial terms. This is a great way
which I would use to get the new joinees confidence.
Unlimited Food: Yes, depending on the company’s budget, unlimited food can be
offered to new employees. Even though there are organizations that offer free food for all
at all times, it is not possible for all the companies to enroll the same. Hence, it is a great
initiative to get the employees to enjoy unlimited free food for the induction day. Who
doesn’t like Food? Food makes people happy and it would make new joinees look
forward to work for the company.
These are some methods I would enroll to make the induction innovative and fun and
informative.
3. A . Career planning is a never ending process in which people seek out new chances
for professional advancement. The length of career planning is not set in stone and
varies from person to person.
It may only happen once in a lifetime for some people, while others may continually
redefine their aims and ambitions as they acquire experience.
To help the new HR manager understand the career planning, the following process can
be followed:
5. Evaluating the process: This is the final step in the career planning process,
and it ensures that individuals are on the right track. This enables individuals to
assess whether their chosen vocation is pushing them toward growth and
development, and to take corrective action if there are any deviations.
The new HR manager can adopt the above mentioned ways to be successful in
his career planning initiative.
3.B. Succession Planning is the process of identifying essential jobs within your
company and generating action plans for persons to fill those positions is known
as succession planning.
The key goals of succession planning that the HR manager should bear in mind
are as follows:
1. To identify critical roles in the organization and assess the talents and
abilities of people who would be qualified to fill them.
2. To develop urgent contingency plans for filling short-term vacancies.
3. To respond quickly to organizational changes that may occur in the future.
4. Employee development through extensive training and performance
management initiatives
5. To aid individual career advancement within the organisation