What are some various resources that HR professionals might use to help with forecasting?
Please include references and include at least 300 words.© BrainMass Inc. brainmass.com October 2, 2020, 1:09 am ad1c9bdddf
There are several resources HR professionals can use to help with forecasting:
Sales: Use last years, period, or quarter sales to help determine labor needs. While calculating labor needs one would need to take into consideration holidays, the first and fifteenth (typically paydays) and the difference in when weekends fall compared to previous years. Sales growth (or decline) would also need to be accounted for.
Economic status should be considered as well. An HR professional could utilize government sites to help forecast ...
The following problem helps with a human resources management problem. This detailed solution outlines various resources that a human resources professional might use to help with forecasting employee need. It includes several links as well an attachment from an actual company. The explanation is given in 311 words.