Posted: October 3rd, 2022
Why are the turnover numbers, overall hiring numbers, and year-end employment different?
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Read the case “Forecasting Exercise” attached and use the calculated Turnover numbers, Hiring numbers and Year End Employment for three years for the bank to answering the following questions.
1. Why are the turnover numbers, overall hiring numbers, and year-end employment different? Why is each set of numbers important to understand when engaged in Human Resource Planning? How would an HR professional and a manager utilize these numbers to better manage their workforce?
2. What were your assumptions when deciding how to handle the introduction of the ATM and the staffing problem it introduces? Describe the assumptions and calculations step by step as if you were explaining these to a senior manager.
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