Directorate of distance education master of business administration

Techniques For Forecasting Resource Needs
The following techniques are usually used. 
1. 
Managerial Judgment Method
2. 
Delphi Technique 
3. 
Work-study Technique
4. 
Ratio-trend Analysis
5. 
Statistical and Mathematical Models.
Managerial Judgment Method 
This is a conventional method of human resources forecasting 
method.  in this method managers prepare the forecast of human 
resource needs of various categories in their own departments on their 
past experiences.  this method can be applied in two alternatives, top-

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down approach or bottom-up approach.  in top-down approach, top 
management prepares human resource plan for the organization as a 
whole with the assistance of HR department.  this plan is circulated among 
various departments with an advice to make necessary amendments 
whenever required with justification.  after receiving the document from 
various departments, human resource needs of various departments are 
finalized usually in a committee meeting of department heads.