ABSTRACT
Along with those already discussed, employee demand forecasting methods include:
The rule of thumb approach, which relies on simple guidelines a company develops internally.
The heuristics method, which forecasts needs using conceptual diagrams based on previous guidelines. An example might be opening a new store using the same number and positions of employees as an existing store.
The Delphi technique, which involves a judgment based on expert opinion. This qualitative method does not require historical data and is almost as accurate as a quantitative method.
Operations research and management science techniques, which are expensive and take into account various factors such as training requirements, or the time in a position necessary for promotion. Complicated computer programs are necessary.
Regression analysis, which is a complex technique for forecasting demand used mainly by organizations with large human relations departments.
