GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Work study technique
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Flow models
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Ratio trend analysis
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HR demand Forecast
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Detailed explanation-1: -This is the quickest HR forecasting technique. The technique involves studying past ratios, say, between the number of workers and sales in an organization and forecasting future ratios, making some allowance or changes in the organization or its methods.
Detailed explanation-2: -Trend analysis shows changes in a ratio over time, which helps the company to compare its current performance with the past and forecast future events.
Detailed explanation-3: -What is trend analysis? In a nutshell, it’s the process of examining past data to predict future demands. The collecting and evaluating of data identifies patterns that can affect future needs – but this is combined with other factors to build a more comprehensive picture to determine staffing requirements.