After reading this article you will learn about:- 1. Meaning of Forecasting 2. Features of Forecasting 3. Elements 4. Techniques 5. Advantages 6. Limitations. Meaning of Forecasting: Since planning is "a systematic economic and rational way of making decisions today that will affect tomorrow", then forecasting becomes an integral part of the planning process, specially, strategic planning which is long-range [...]
After reading this article you will learn about:- 1. Definition of Manpower Planning 2. Factors Affecting Manpower Planning 3. Objectives 4. Principles. Definition of Manpower Planning: Manpower planning may, be defined as, "the replacement planning which analyse labour turnover, recruitment policy, promotion, development and maintenance of employee programmes and assess the future needs of the organization so that sufficient number [...]
After reading this article you will learn about the Selection of Candidates:- 1. Meaning of Selection 2. Procedure for Selection 3. Importance. Meaning of Selection: Selection is the process in which candidates for employment are divided into two classes, those who are to be offered employment and those who are not. Selection is a process of choosing the right candidate [...]