hrm ppt-group 2
TRANSCRIPT
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Manpower Supply Models in HumanResource Planning
By Group 2:
Athira P PillaiAparna JPravin R Pillai
Santeep J
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Human Resource Planning
y Human resources
- Important Corporate Asset which have an impact on overall
performance of a Company .
y Human Resource Planning
- process of getting the right number of qualified people into
the right job at the right time to meet Organizational objectives .
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Process of HRP
y Forecasting the demand for Human Resources
y Forecasting Man Power Supply
y Determining Man Power Gaps
y Formulating Human Resource Plans
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Forecasting Man power Supply
y Basic purpose is to find out size and quality of personnel
available within the organization to occupy various
positions.
y Manpower(labour force)
Manpower supply is the totality of manpower employed and
manpower unemployed but seeking jobs
y
Two sources of man power supplyInternal
External
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Internal Labor Supply
Forecasting Models :
y Staffing Tables
y Markov Analysis
y Skill Inventories
y Succession Planning
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Forecasting Internal Labor Supply
y Staffing Tables
It shows the number of employees currently occupying each job
and future (monthly or yearly) employment requirements.
y Markov Analysis
The technique uses historical rates of promotions , transfer,
turnover to estimate future availabilities in the work force .
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Markov Analysis for a Retail Company
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Forecasting Internal Labor Supply
Skill Inventories
An assessment of knowledge , skills , abilities and Career
aspirations of each of the current employees .
Succession Planning
The process of identifying, developing, and tracking key
individuals for executive positions.
Listings of current jobholders and persons who are potentialreplacements if an opening occurs.
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Succession Planning
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Rule-based forecasting Method
y Type of expert system that allows one to integrate managers
knowledge about the domain with time-series data in a structured
and inexpensive way.
y Used to adjust data and estimate short and long range models.
y Most useful when substantive domain knowledge is available,
patterns are discernable in the series, trends are strong and
forecasts are needed for long horizons.
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External Labor Supply
y Recruiting new employees
y Restructuring
y Outsourcing
y Reassigning shifts
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References
y Human Resource Management Text and Cases , Second
Edition by V.S.Rao.
y Management Information System-Ninth edition, Author-
OBries, Marakas, Behl.
y www.management.uta.edu.
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