What are the two approaches used to gather qualitative data in order to forecast HR demand (or supply)?
The scatter plot and Delphi techniques are two approaches used to gather qualitative data to forecast HR demand or supply.
Scatter Plot Technique
A scatter plot is a graphical representation of data points on a horizontal and vertical axis to show the relationship between two variables. It visually displays the patterns and trends in the data points, helping analysts to interpret the correlation between variables. In HR forecasting, scatter plots can be used to identify potential relationships between different factors affecting HR demand or supply.
Delphi Technique
The Delphi technique is a structured method of obtaining information from a panel of experts through a series of questionnaires or surveys. This approach allows experts to provide their opinions anonymously, reducing the influence of dominant personalities and encouraging unbiased input. The Delphi technique is useful in forecasting HR demand or supply as it gathers diverse perspectives from experts in the field.
When combined, the scatter plot and Delphi techniques provide valuable qualitative data for forecasting HR demand or supply. By visually analyzing relationships in data points and gathering expert opinions, organizations can make informed decisions about their HR planning strategies.