Ratio-Trend Analysis in HRM: Example & Techniques
Forecasting human resource demand requires selecting appropriate techniques based on industry and business specifics. For industries with seasonal HR demand, quantitative methods like ratio and trend analysis are preferred. Trend analysis examines past employment data to predict future needs, while ratio analysis considers factors like production to forecast staffing requirements. Each method has its strengths and limitations, and HR planning should integrate these forecasts with additional factors for accurate staffing decisions.
References
Dessler, G., Chinzer, N., C., & Cole, N. (2015). Management of human resources: The essentials (4th ed.). Toronto, Canada: Pearson.
Reference
StudyCorgi. (2025, January 9). Ratio-Trend Analysis in HRM: Example & Techniques. https://studycorgi.video/ratio-trend-analysis-in-hrm-example-techniques/