Human Resources Forecasting
Question
Are you or your immediate supervisor involved with staffing decisions? If so, describe how staffing forecasts are prepared.
I work in a nonprofit and I am involved in hiring any new employees. We hire based on projected growth and as we see need arise.


Solution
Human Resources
Forecasting
Human resources are
critical in running operations efficiently and effectively in a given
organization. There is a need to manage them well via many functions that
dictate the domain. An effective plan
and strategy must be in place for success in any function. Hiring personnel is
the first direct step in Human resource management (HRM), but some are
necessary predecessors. An important approach to HRM is forecasting the need to
hire and when to do it. There are various forecasting techniques, but we use
two methods; personnel are hired based on the growth of the organization and
whenever necessary.
The organization prioritizes
making effective and strategic decisions in HRM. It is also important for the
organization to better understand the industry in the present and its projected
trends (Scheffler et al., 2018). It helps identify where and when to
strategically adjust inputs for superior efficiency and performance. There are
times when tasks and their difficulty significantly increase while performance
is on a plateau phase. A compromise to increase the workforce is then
necessitated to ensure the organization does not fall back in production. The
HRM department evaluates performance and trends to predict these periods. The
evaluation yields forecast on when to hire and how much.
The organization
constantly performs evaluations and audits to provide feedback on progress and
growth. Growth within the organization is defined by financial gain, which
dictates an increment incapacity. Growth and expansion dictate capacity
increase by adding more inputs. They also coincide with when hiring new
employees is necessary. We hire during these periods to ensure no operational
bottlenecks in the organization. Forecasting growth relies on continuous
analytics and projection of operations. Growth predictions are made based on
trends and how the company has performed with respect to the underlying
conditions in the industry.
Reference
Scheffler,
R. M., Campbell, J., Cometto, G., Maeda, A., Liu, J., Bruckner, T. A., ...
& Evans, T. (2018). Forecasting imbalances in the global health labor
market and devising policy responses. Human
resources for health, 16(1),
1-10.




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