Human resource management practice I also available by michael armstrong

Supply forecasting

Supply forecasting measures the number of people 

likely to be available from within and outside the 

organization.  The  internal  supply  analysis  covers 

the following areas:

 

●

existing number of people employed  

by occupation, skill and potential;

 

●

potential losses to existing resources  

through attrition (employee turnover);

 

●

potential changes to existing resources 

through internal promotions;

 

●

changes to the organization structure,  

new methods of working (including  

flexible working) more part-time  

working and different working hours;

 

●

effect of increases in productivity;

 

●

sources of supply from within the 

organization – existing employees  

and the outputs of talent management  

or training programmes.

The external supply analysis examines the local and 

national labour markets to assess implications for 

the  availability  of  future  people  requirements.  It 

will also take account of environmental changes as 

revealed by scenario planning.

---