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Using statistics to forecast labor and pay

How well does your HR department forecast labor needs or pay trends? What types of statistical techniques might your organization use to improve its performance?

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How well does your HR department forecast labor needs or pay trends?

The HR department of the company I work for does not forecast properly manpower needs or pay trends. The result is that the HR department is hard pressed during the peak season to find suitable labor for the company. Similarly, my company often lags behind in pay ...

Solution Summary

The answer to this problem explains forecasting labor needs or pay trends. The references related to the answer are also included.

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