What is a common technique used in HRP to assess future labor needs?Answer areaRatio-Trend analysisMarket segmentationSWOT analysisPEST analysis
Question
What is a common technique used in HRP to assess future labor needs?Answer areaRatio-Trend analysisMarket segmentationSWOT analysisPEST analysis
Solution
Ratio-Trend Analysis is a common technique used in Human Resource Planning (HRP) to assess future labor needs. This method involves making forecasts based on the historical ratio between some causal factor (like sales volume) and the number of employees needed (staffing levels). Here's a step-by-step explanation:
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Identify a Causal Factor: This is a factor that drives the need for labor. For example, a manufacturing company might identify the number of units produced as the causal factor.
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Historical
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