ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This qualitative approach avails of the opinion of department managers on their future staffing needs.
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Statistical approach
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Judgmental approach
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Both statistical and judgmental approaches
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None of the above
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Explanation:
Detailed explanation-1: -Managerial Judgement: This technique is very simple. In this, managers sit together, discussand arrive at a figure which would be the future demand for labour. The Technique may involve a “Bottom-Up” or a “Top-Down” approach.
Detailed explanation-2: -Judgmental forecasting relies on human experience to predict future business needs. This may be input from sales managers to identify business growth or from production managers predicting worker needs.
Detailed explanation-3: -(e) Delphi Technique: Delphi technique is also very important technique used for estimating demand of human resources. This technique takes into consideration human resources requirements given by a group of experts i.e. mangers.
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