HR/ Labor Forecasting
Labor forecasting helps businesses determine where, when, what kind, and how
many employees are needed to meet predicted customer demand.
Together, demand forecasting and labor modeling make up what is known as
labor forecasting.
Labor forecasting lowers labor costs, reduces burnout, improves customer
satisfaction, and improves hiring.
PREDICTING FUTURE WORK FORCE NEEDS
Two Important Questions:
1. What positions should be included within the scope of the workforce
planning efforts?
2. What positions will need to be filled and when?
EMPLOYEES ARE LEAVING?
Determine when positions need to be filled.
Current workforce data
- Timeframe for projects
-Retirement eligibility
- DROP (Deferred Retirement Option Program) participation
Benefits of HR forecasting
Labor forecasting helps businesses determine where, when, what kind, and how
many employees are needed to meet predicted customer demand.
Together, demand forecasting and labor modeling make up what is known as
labor forecasting.
Labor forecasting lowers labor costs, reduces burnout, improves customer
satisfaction, and improves hiring.
PREDICTING FUTURE WORK FORCE NEEDS
Two Important Questions:
1. What positions should be included within the scope of the workforce
planning efforts?
2. What positions will need to be filled and when?
EMPLOYEES ARE LEAVING?
Determine when positions need to be filled.
Current workforce data
- Timeframe for projects
-Retirement eligibility
- DROP (Deferred Retirement Option Program) participation
Benefits of HR forecasting
