What is the importance of human resource forecasting in developing the workforce for global competitiveness? Discuss the new mandate for effective human resource forecasting?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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 The Prime Manufacturing Company is a garment factory that employs about 1250 employees of varied skills. About 75 percent are women who are mostly in the production department. Men employees are assigned in the maintenance department and as operators of machines used in garment production. Women are mostly in the sewing department, packaging, and quality control.

            Mr. Duztin Fernando was hired to head the HR department. Prior to his assignment at Prime Manufacturing Company, Rod was in a construction firm, a medium-sized organization. His main concern was preparing the payroll and handling employees’ records.

            The Human Resource Department is composed of 5 employees, a payroll clerk, a personnel assistant, two supervisors, and Mr. Duztin Fernando as Manager. The record of Duztin Fernando in his academic achievements is quite satisfactory. His Bachelor’s degree is in the field of Engineering. Performance in the previous employment is quite satisfactory. The construction company of previous employment closed shop due to an economic slowdown

            The garment business is globally competitive and customer satisfaction is of prime importance. Employees’ commitments to performance standards are a high priority. In the three months span of Duztin Fernando employment, 20 percent of women employees and 12 percent of male employees resigned for unknown reasons as there was no exit interview conducted. The production schedule was delayed and foreign customers were alarmed.

            The General Manager, Mario Cruz, called Duztin Fernando regarding the problem. He noted Rod’s indecisive approach to the HR problem and actions that he failed to take. He pointed out to Duztin Fernando that he exactly did not know what to do regarding the current situation; His subordinates began to complain to Mr. Cruz about Duztin Fernando indecision.

            Duztin Fernando became more withdrawn from his subordinates and other managers in the plant. He showed little interest in his job and concentrated on menial jobs concerning the department. In general, he lost control of his job of managing the department.

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  • What is the importance of human resource forecasting in developing the workforce for global competitiveness?
  • Discuss the new mandate for effective human resource forecasting?
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