PHR Exam Prep™

Workforce Planning: What Will We Need to Get There?

Determining what and who the organization needs to achieve its goals is more involved than it might appear. Accurate forecasting requires selecting from among numerous non-mathematical (qualitative) as well as mathematical (quantitative) analyses.

Non-mathematical Forecasting Techniques

In most organizations, qualitative judgments are made all the time. These judgments can relate to a whole host of issues—marketing, product development, philanthropy, staffing, or any other business-related issues. These judgments can be structured or unstructured, informal or formal.

Management Forecasts

Sometimes, individuals who perform qualitative analysis draw upon the knowledge and experience of the organization's ...