Shahid Hossain MGT 351
Shahid Hossain MGT 351
Shahid Hossain MGT 351
MGT 351
1
Shahid Hossain
MGT 351
-Ratio analysis
-Forecasting technique for future staff need by using
ratios of sales volume and number of employees
needed
-E.g. if 200,000 dollar sales were generated by 100
sales people than the
ratio is $2000 sales: 1 sales man. From here we can
calculate how many people we need for 8 million
dollar sales
-Shortfall
-Like trend analysis ratio analysis also
assumes that productivity remains static
and salespeople cannot be motivated to
increase sales when actually the can be
motivated
-Scatter diagram
-Graphical method used to identify relationship
between two variables
-Computerized forecast
-There software packages available to determine the
firm’s future personnel needs using the forecast
number on sales and personnel
-Required data
-This method is very helpful to find the staff need for
clerical positions, assembly line workers etc.
2
Shahid Hossain
MGT 351
-Managerial judgment
-Judgment may include
-Decisions to enter into new market or venture
new opportunity
-Technological and administrative changes
-Qualification inventory
-This info helps HR to promote employees
3
Shahid Hossain
MGT 351
-Problems:
-Many managers may know well in advance who they
will hire internally
-Those who don’t get the promotions may become
disloyal
-Personnel record
-This record may uncover employees who already have
education and skills beyond but are underutilized
-Skill banks
-Computerized stored database on employees’ skills can be
very useful for inter department transfer where a dept. may
require additional skills for a task that their depts.. may not
have.
-Succession planning
-Big companies usually have plans for suitable replacement if
the CEO gets sick
-Some qualified senior managers are selected for this
contingency plans and they are given advance training
-Sometimes they are even kidnapped
4
Shahid Hossain
MGT 351
-Legal challenge
-Many believe that ads that are gender specific should be
made illegal
-Employers should not be age specific
-Employment agencies
-Privates agencies for personnel is a new concept in BD
-They conduct the initial interviews and then they send them
to the client’s company to be further interviewed
-Firms may use these agencies if in the past they had
difficulties to pool candidates
-For every hire using the help of the agency, they agency will
charge a commission
5
Shahid Hossain
MGT 351
-Headhunters
-Also known as executive recruiters
-Usually they deal with higher paid jobs
-HCEs and NHCEs
-Qualification of a headhunter
-Make sure the firm is capable to search extensively
-Choose a recruiter you can trust
-Talk to some of their clients