lor IN MUS SCICHUNE Hanageeneny cae for doing a standard work. Based on ‘ork is worked out. In this method, as used by Fredrick Winslow ‘Tayl & motion study are used to ascertain standard time this , the number of workers required to do standard w 4 Ratio-trend analysis der this method, forecasting for future HR Quickest forecasting technique. Un | : requirement is made on the basis of time series data. Involves studying past ratios & based on those forecasting is made for future ratios. r Delphi Method Named after ancient Greek oracle at the city of DELPHI. This is judgmental methods of forecasting HR needs. Complex & time consuming, does not require the physical presence of the group members. It solicits estimates of personnel needs from a group of experts. The HRP experts act as a intermediaries, summarize the various responses & report the findings back to the experts. This is repeated until the experts opinions begin to agree. Mathematical method Express relationship between independent various(e.g. , production, sales, etc.) & dependent variable(e.g. number of workers required.) - SUPPLY FORECAST ermines whether the HR department will be able to procure the required number of ple. oply forecast measures the number of people likely to be available from within & outside organisation oply analysis covers isting/ present HR ernal sources of supply ternal sources of supply ting Employees- mee of present employees is facilitated by HR. s audit summarizes each employees skills & abilities,