Explain the status of quantitative aspect of Human resources.
Answers
Explanation:
Quantitative aspect of human resource planning involves demand forecasting and supply forecasting.
1. Demand forecasting: as discussed above demand forecasting means estimating the future requirement of the employees. It can be done on the basis of estimating sales, number of proposals company get or on the basis of estimating the number of orders the company has.
The main three methods of demand forecasting are:
a) Statistical techniques: it is one of the reliable source for long range forecasting of employees. The important tools for forecasting are:
i) Regression analysis: it is used to estimate the future requirement of the employees on the basis of sales, output, etc., when dependent and independent variable are related to each other.
ii) Burkes- smith model: this model uses the equation
En = [ (Lagg+G)1/X]/Y
where En is the estimated demand of employees in n planning period
Lagg is overall turnover of business
G is total growth of business
X is the average productivity improvement
Y is conversion figure relating today’s overall activity to personnel required
Answer:
explain the quantitative aspect of water scarcity.
Ans. 1. Large growing population:- India is the second largest country of the world in terms
of population. This causes greater demand for water and unequal access of water
resources.
2. Overexploitation of water resources:- To expand irrigated areas and dry season
agriculture farmers have their own well and Tube well to irrigate their fields and increase
their produce. As a result the groundwater level is falling.
3. Industrialisation and urbanisation:- Increasing number of industries and housing societies
have exerted the pressure on existing freshwater resources. Mostly all the housing societies
have their own ground water pumping devices to meet their water needs and water tables
are falling consistently.