Question

Discuss the Qualitative Approaches to Forecasting Human Resources Needs

2)  Discuss the Quantitative Approaches to Forecasting Human Resources Needs

3)  Your company have excess workers, how can the company respond to labour surplus

Answer 1

• FIRST QUESTION-

QUALITATIVE APPROACH-

the firm can estimate the requirement of human resource needs on the basis of its business operations, manner of production and skills required.

• If the production process needs updation,technical enhancement and innovation concerned with qualitative changes then the skills and efficiency of the existing workers can be increased by providing them proper training.
• This kind of planning is generally required in the top and middle level management which is termed as think tank.

SECOND QUESTION

QUANTITATIVE APPROACH-

• If business needs expansion then the firm can hire the efficient workers, this would increase the overall developing process of the firm.
• If business is planning to limit the management process then it can fire some workers who are inefficient or lacking skills.

THIRD QUESTION-

TREATMENT OF SURPLUS LABOR

The firm can utilize the surplus labor. Instead of firing the employees the firm can adapt the job batch system and provide the employment on several shifts.there is a very famous saying that efficient workers can be adjusted anywhere.

• This would prevent the workers from getting unemployed.
• This would enhance the goodwill of firm.