Monday, February 8, 2010

Chapter 5 Discussion

  1. I got reading the chapter and thought it was very interesting. It is the 1st step in human resource planning. In personal forecasting , the HR professional tries to find the supply and demand. The primary goal is to predict what area of the company will experience labor shortage or surplus.
  2. I used to work for a Bakery and I feel that there HR was not very good. Especially their forecasting. I'm sure it can be hard but it is important for a business to do well. We always had too many people or not enough. We never had the right amount. Sometimes we would have tons of leftovers and other times we were having problems selling stuff because we only had like a dozen donuts.
  3. I think you should map out what has gone on in the future but also be flexible to change and have it not be exactly how it was last year or the year before that. I think it is also important to know that every business is going to be different and so you need to figure out a way that works for your company. Also make sure to keep records so that you can figure it out as you go or have future reference.
  4. How might someone go about fixing this problem? How can someone keep from forecasting wrong and losing lots of money? How can you stay in control of your company instead of it taking hold of you?

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