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Home > QFINANCE Dictionary > Definition of human resource forecasting

Definition of

human resource forecasting

General Management

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. Human resource forecasting forms part of the human resource planning process.

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Definitions of ’human resource forecasting’ and meaning of ’human resource forecasting’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’human resource forecasting’ and other financial terms with our online QFINANCE Financial Dictionary.

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