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Methods used in Manpower planning
MBA Students » Project / Internship

Chrm Message From: priyanshu2 Total Posts: 2 Join Date: 07/09/2009
Rank: Beginner Post Date: 07/09/2009 14:02:02 Points: 10 Location: India

hi all,

i am doing a project on various methods used in Manpower planning and would like to get your views on the following aspects:

1. Which is the most often used method for demand forecasting by the HR department in a company ? and Why ?

2. Are the following methods of demand forecasting redundant or are they used in the industry currently? If used then which industries use them ? also, please give me the relative advantages and disadvantages of these methods:

Managerial judgement

Ratio Trend Analysis

Work Study Techniques

Delphi Technique

Markov models (Flow Models)

New Venture Analysis

Mathematical Model

3. If Delphi Technique is used – even though the technique is costly why does a company use it compared to a managerial judgement technique in which you know the company inside out ?

thank you.

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