HR forecast

Forecasting is the practice of estimating the probability of an event occurring in the future using data from the past (Greener & Martelli, 2015). For instance, the human resources management can forecast labor needs and how they will impact corporate operations by using historical trends. The HR department may forecast both the long-term and short-term personnel demands using variables like office expansion, production levels, attrition, and anticipated sales. The human resources manager can also anticipate the number and kind of workers the company will need in the future by analyzing the administrative tasks that must be completed and their associated costs. According to the concept of forecasting, the assessment is based on historical data, which tends to be more arbitrary, and guesses hence cannot bring a real picture of the following situation in most cases (Greener & Martelli, 2015). For this reason, it is rarely used in business research where accurate information is required.

When presenting findings, it is important to put them in the correct manner to avoid confusing the consumers of your research. Do not just write for the sake, but ensure that every material needed is ready and used before presenting the findings to your audience (Greener & Martelli, 2015). Presenting findings in the correct way also helps in ensuring that every aspect of the research is included in the final report. Besides, it is better to stick to your personal presentation approach to prevent complications that would arise if you use an approach that you are not familiar with. In most cases, the findings of polling and surveys do not bring the same result. Unlike statistics which gives individuals opportunity to analyze surveys, other data, and experiments before coming up with a conclusion, polls merely depend on people’s opinions. Also, there is the margin of error left while presenting polls which makes the findings inaccurate.

Reference

Greener, S., & Martelli, J. (2015). An introduction to Business Research Methods.