Sagar P SonawaneDiv –A Roll No – 59

HRM

Manpower Estimation

DefinationEstimating or projecting the number of personnel

with different skills required  over time or for a project, and detailing  how and when they will be acquired

Manpower Estimation/Forecasting which is also called as Human Resource Planning consists of putting right number of people, right kind of people at the right place, right time, doing the right things for which they are suited for the achievement of goals of the organization

Importance Of Manpower EstimationKey to managerial functions- The four managerial

functions, i.e., planning, organizing, directing and controlling are based upon the manpower. Human resources help in the implementation of all these managerial activities. Therefore, staffing becomes a key to all managerial functions.

Efficient utilization- Efficient management of personnel becomes an important function in the industrialization world of today. Setting of large scale enterprises require management of large scale manpower. It can be effectively done through staffing function.

Motivation- Staffing function not only includes putting right men on right job, but it also comprises of motivational programmes, i.e., incentive plans to be framed for further participation and employment of employees in a concern.

Better human relations- A concern can stabilize itself if human relations develop and are strong.

Forecasting of Manpower Need/Demand estimates of future employment needs and

supply the prediction of future levels of demand for, and supply of, workers and skills at organizational, regional, or national level. A variety of techniques are used in manpower forecasting, including the statistical analysis of current trends and the use of mathematical models. At national level, these include the analysis of census statistics; at organizational level, projections of future requirements may be made from sales and production figures. Manpower forecasting forms part of the manpower planning  process

Factors Determining forecasting DemandAnticipated growth of the organisationBudget constraints & allocationIntroduction of technologyMinority hiring GoalsAnticipated turnover in personnel due to

Retirement ,Death ,Transfers , Promotions , etc..

Factors Determining Forecasting Supply

Promotions of employees from within organisation

Availability of required Talents in the external Labour Market

Competition for talent with the IndustryPopulation Movement Trends

Basic Consideration In Establishing Manpower Forecasting System

Organisational SizeOrganisational ComplexityOrganisational GoalsOrganisational Plans & StrategiesForecasting Time Frame

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