HR planning approaches

Question 1

What is trend analysis?

Answer 1

(Quantitative) Collecting data from previous years for future employment requirements

Question 2

What is management forecast?

Answer 2

(Qualitative) Opinions + judgments of managers to determine future requirements

Question 3

Marklov analysis

Answer 3

(Quantitative) Analyze the movements of employees through various jobs

Question 4

Staffing tables

Answer 4

(Quantitative) Graphic representation of internal jobs with the number of employees

Question 5

Skills inventory

Answer 5

(Qualitative) information on current employees (KSA)

Question 6

What are the steps of HR planning?

Answer 6

1. Identify demand for labour
2. Determine supply (internal + external)
3. Identify the gap between demand and supply
4. Develop actions to eliminate the gap

Question 7

What are the strategies when there’s oversupply?

Answer 7

• leave without pay
• job sharing (2 workers for one job)
• reduced hours
• attrition (natural leave of employees)

Question 8

What are the strategies when there’s a shortage?

Answer 8

• part-time/full-time hiring
• overtime
• independent contractors (short term)
• retention strategies