HRM Module 4
HRM Module 4
HRM Module 4
2. Organizational decisions
3. Workforce factors
Forecasting techniques
The manpower forecasting techniques commonly employed by modern organizations are given
below:
Disadvantages
o Time consuming
o Integration problem
Ratio- Analysis
This method involves comparing the number of employees to
a workload index.
• The level of activity in each job may vary from department
to department in the same organization
Mathematical technique
Forecasts the availability of internal job
candidates
In this analysis, various job classifications can
be predicted from past movements
Its use is restricted to very large organisations.
Markov Analysis for a Retail Company
Methods of Supply Forecasting
Once the demand forecasting is made, the planners have to
go out and find the kind of work force needed.
• Transfer
• Promotion
External supply
• Educational institutes
• Advertisement
• Placement agencies
• telecasting
Determining Manpower Gaps
HR HR
Practices System
Ensuring the Fit between HR and
Organisation Strategy
• External Fit (or External Alignment)
– Focuses on the connection between the
business objectives and the major initiatives in
HR.
• Internal Fit (or Internal Alignment)
– Aligning HR practices with one another to
establish a configuration that is mutually
reinforcing.
Strategic Flexibility
• Organizational Capability
– Capacity of the organization to act and change in
pursuit of sustainable competitive advantage.
– Coordination flexibility
• The ability to rapidly reallocate resources to new or
changing needs.
– Resource flexibility
• Having human resources who can do many different
things in different ways.