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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light <strong>of</strong> changing environment. Such views are collected and summarized by HR<br />
department to arrive at a decision about the types <strong>of</strong> personnel needed in future.<br />
Work study technique<br />
Work study technique is based on the volume operation and work efficiency <strong>of</strong><br />
personnel. Volume <strong>of</strong> operation is derived from the organizational plan documents and<br />
increase/decrease in operation can be measured. Work efficiency or productivity is<br />
measured by time and motion study which specifies standard output per unit <strong>of</strong> time, say<br />
per hour. Thus, the number <strong>of</strong> operatives required to complete specified volume <strong>of</strong><br />
operation is<br />
Planned Output<br />
Standard output per hour x Stadnard hours per<br />
.<br />
person<br />
However, standard output per hour is not always a constant factor. Over a period <strong>of</strong><br />
time it may increase due to training and higher technology. In this way required personnel<br />
may worked out.<br />
Ratio <strong>–</strong> Trend Analysis<br />
Under this method, the main emphasis is on the ratios between production/sales<br />
level and direct operatives; ratios between direct operatives and other personnel say<br />
supervisory and managerial personnel. These ratios are worked out for a number <strong>of</strong> years<br />
based on the past records <strong>of</strong> the organization and future trends are projected on these<br />
ratios.<br />
Such ratios can be worked out for various categories <strong>of</strong> personnel such as ratio <strong>of</strong><br />
supervisors and middle management personnel, ratio <strong>of</strong> middle management personnel and<br />
higher level management for a comprehensive forecast <strong>of</strong> human resource needs.<br />
Statistical and Mathematical models<br />
Following are the models that could be used for HR forecast.<br />
1. Burack <strong>–</strong> smiter model<br />
2. Regression analysis<br />
3. econometric analysis<br />
In fact combination <strong>of</strong> different methods could also be used.<br />
Forecasting <strong>of</strong> HR supply<br />
Forecasting <strong>of</strong> human resource supply is another important ingredient <strong>of</strong> HRP.<br />
After forecasting human resource needs, it is only logical to determine how these needs<br />
can be met. For a new organization all personnel that are needed have to be procured from