FORECASTING: THE KEY TO SUCCESSFUL HUMAN RESOURCE MANAGEMENT

Authors

  • Eddy Madiono Sutanto Faculty of Economics, Petra Christian University

DOI:

https://doi.org/10.9744/jmk.2.1.pp.%201-8

Keywords:

Forecasting, human resource management

Abstract

In the age of competition, companies do not have any other choice than to compete better than their competitors. Human resource management has a critical role to play in supporting the corporate strategic plan. All the HR functions contribute positively to achieving the objective. The main task of human resource management is to support other departments to have the best people. Therefore, there is a critical need to get the best people in the right place at the right time. Forecasting helps to match the requirements and the availabilities of employees. There are two kinds of forecasting methods: qualitative and quantitative methods. On the other hand, the Miles and Snow typology could be used by companies as a tool to identify their positions. This paper discusses how typology and forecasting are valuable for successful human resource management to function in a company.

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Published

2004-06-04

Issue

Section

Articles