UNIT – I Lesson 1 HRM – AN OVERVIEW Lesson Outline Nature of ...
UNIT – I Lesson 1 HRM – AN OVERVIEW Lesson Outline Nature of ...
UNIT – I Lesson 1 HRM – AN OVERVIEW Lesson Outline Nature of ...
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The following techniques are usually used.<br />
1. Managerial judgement method<br />
2. Delphi Technique<br />
3. work-study technique<br />
4. Ratio-trend analysis<br />
5. Statistical and mathematical models.<br />
Managerial Judgement Method<br />
This is a conventional method <strong>of</strong> human resources forecasting method. In this<br />
method mangers prepare the forecast <strong>of</strong> human resource needs <strong>of</strong> various categories in<br />
their own departments on their past experiences. This method can be applied in two<br />
alternatives, top-down approach or bottom-up approach. In top-down approach, top<br />
management prepares human resource plan for the organization as a whole with the<br />
assistance <strong>of</strong> HR department. This plan is circulated among various departments with an<br />
advice to make necessary amendments whenever required with justification. After<br />
receiving the document from various departments, human resource needs <strong>of</strong> various<br />
departments are finalized usually in a committee meeting <strong>of</strong> department heads.<br />
Delphi Technique<br />
This technique is named after the ancient Greek Oracle at the city <strong>of</strong> Delphi where<br />
greek used to pray for information about the future. In the present world Delphi<br />
Technique is used in group decision making in small groups. The problem and questions<br />
relating to HR requirement and related issues will be circulated to the expert group. Their<br />
suggestions and replies will be sent to others and if needed queries made and final decision<br />
taken. This exercise is repeated until some consensus is reached. Delphi technique is<br />
quite useful where the problem cannot be solved by using analytical technique but its<br />
solution requires subjective judgements on a collective basis.<br />
Delphi technique can be used for forecasting human resource needs in two forms.<br />
First, it can be used to know the trends for changing job pr<strong>of</strong>ile and consequently, the<br />
changing personnel pr<strong>of</strong>ile across the country or at international level secondly, this<br />
technique can be used to solicit views <strong>of</strong> experts in different functional areas <strong>of</strong> an<br />
organization about the changing pr<strong>of</strong>ile <strong>of</strong> personnel in their respective departments in the