ADM 2337 Lecture Notes - Lecture 5: Nominal Group Technique, Job Sharing, Markov Chain

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23 Feb 2015
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Involves three main steps: forecasting demand for labor, analyzing the labor supply, planning and implementing hr programs to balance supply and demand. Nominal group technique: decision-making technique that involves a group of experts meeting face-to-face, the generate ideas, have an open discussion. We go around the table each member presents. 2. one idea (no discussion at this point) 3. each member is given a copy of the results. 4. if there is difference in opinion, it is handled by feedback from other experts. 5. these last 2 steps are repeated until consensus is reach: this method can take a lot of time and tends to be expensive, there may be difficulty integrating diverse opinions, forecasting supply - Jobs that cannot be filled with internal candidates, such as entry- level jobs and jobs for which no current employees are qualified are usually supplemented by looking for external candidates: general economic conditions. The first step is to forecast general economic conditions and.

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