Human Resource Planning 10step Process: Delphi Technique. A: Forecasting for the next year 1.

Number of Skills/workers required as per the KPI = 2. Seasonal Requirement during the year= 3. Total requirement during the year= 1+2 -----------------------------------------------------------------------B: Actual Inventory 4. No. permanent (confirmed) employees available during the last year financial Year. 5. Additions during the year= Temporory/permanent {Promotions, Transfers-in, Deputations, Laterals} 6. Deletions during the year {Natural reasons, Terminations, Retirements,} = 7. Total available number at the end of the year=4+5+6 8. Deficit/Surplus=3-7 9. Current losses/attrition = 10. Total requirement if deficit=8+9

Explanation of step no.7 The above Headcount is needed for the following reasons:
1. Skill forecasting. 2. Headcount and Skill Inventory balance. 3. Budgeting for the Deficit of the last Financial Year. 4. Budgeting for the next Financial Year.

Step 7: Step 4 figure (eg.100) represents actual confirmed employees, who are right-sized in the ratio 0f 1:2:5. -That is the base figure (100) needed for the Organisation as per the requirement of headcount for the Job Requirements. This figure is a constant. -Irrespective of Attrition or Turnover the vacancies (20) need to be imperatively filled up internally/ Externally, and the Jobs need to be completed (100=80+20). -So we assume the base figure as it is and do not subtract the deletions. Because this right-sized figure needs to be a base for the next year requirement of Manpower. However
-The

deletions are actual vacancies (20) of the past financial year. Essentially these vacancies are to replaced, which need to be budgeted for. So in step no.4, the base figure is inclusive of actual employees plus the vacancies.-Breakup can be shown.

-The Step no.6 constitutes deletions/vacancies which also reflect the past attrition rate and (future) predictive attrition rate(PAR).So the deletions are added.

-This PAR will help us to budget the vacancies for the next year. -So deletions included in the base figure constitutes actual vacancies -1,ie 20 which would be filled immediately, while the deletions added constitute PAR which are vacancies-2,ie 20 which may arise due to Separations in the next Financial Year.Both need to be budgeted.So total vacancies budgeted are 40. 20 actual and 20 futuristic or predicted. -Remember using the Delphi Technique, the Senior Management allots, sanctions and disburses the Budget, based on the attrition and need basis. Generally budgets increase by 15% every year*subject to many factors.