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Forecasting Essay

751 words - 4 pages

CERTIFICATE IN HUMAN RESOURCE MANAGEMENT HUMAN RESOURCE FORECASTING ASSIGNMENT I. OBJECTIVES A. To give you practice in forecasting an organization's human resource needs. B. To familiarize you with some of the factors that affect an organization's future human resource needs (growth, automation, turnover). C. To familiarize you with the complexities involved in making human resource forecasts. D. To point out that all human resource forecasting is based on assumptions and that these assumptions are critical to the accuracy of the forecast. Incorrect assumptions lead to erroneous forecasts. II. TIME REQUIRED TO COMPLETE: One to two hours. III. INSTRUCTIONS You have been given the assignment ...view middle of the document...

Second, your boss would like to know tl1enumber of new employees tl1ebank will need to hire for each major personnel category for each of tl1enext three years. Your job is to complete Table 3. Finally, your boss would like to know the total number of employees who will be working for the bank as of the end of each of the next three years. Your job is to complete Table 4. TABLE 1 TOTAL EMPLOYEES 1,100 NUMBER OF BRANCHES 50 SUPERVISORS PER BRANCH 4 NUMBER OF SUPERVISORS 200 TELLERS PER BRANCH 10 NUMBER OF TELLERS 500 BRANCH EMPLOYEES 700 MAIN OFFICE EMPLOYEES 400
TABLE 2 - TURNOVER EMPLOYEE CATEGORY YEAR 1 YEAR 2 YEAR 3 OLD BRANCH SUPERVISORS OLD BRANCH TELLERS MAIN OFFICE NEW BRANCH SUPERVISORS NEW BRANCH TELLERS TABLE 3 – NUMBER OF EMPLOYEES TO BE HIRED EMPLOYEE CATEGORY YEAR 1 YEAR 2 YEAR 3 OLD BRANCH SUPERVISORS OLD BRANCH TELLERS MAIN OFFICE NEW BRANCH SUPERVISORS NEW BRANCH TELLERS TOTALS TABLE 4 YEAR-END EMPLOYMENT EMPLOYEE CATEGORY YEAR 1 YEAR 2 YEAR 3 OLD BRANCH SUPERVISORS OLD BRANCH TELLERS MAIN OFFICE NEW BRANCH SUPERVISORS NEW BRANCH TELLERS TOTALS In order to complete your assignment, your boss has told you to make a number of assumptions. They...

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