90
volume of operation is .
Planned Output
Standard Output Per Hour x Standard Hours Per Person
However, standard output per hour
is not always a constant
factor. Over a period of time it may increase due to training and higher
technology. In this way required personnel may be worked out.
Ratio – Trend Analysis
Under
this method, the main emphasis is on the ratios between
production/sales level and direct operatives; ratios between direct
operatives and other personnel say supervisory and managerial
personnel. These ratios are worked out for
a number of years based on
the past records of the organization and future trends are projected on
these ratios.
Such ratios can be worked out for various categories of personnel
such as ratio of supervisors and
middle management personnel, ratio
of middle management personnel and higher level management for a
comprehensive forecast of human resource needs.
Statistical
and Mathematical Models
Following are the models that could be used for HR forecast.
1.
Burack – smiter model
2.
Regression
analysis
3.
Econometric analysis
In fact combination of different methods could also be used.
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