HR Forecasting Assignment

Deadline for Submission 11 Aug 2024 during OGL hours

I. OBJECTIVES:

To practice forecasting an organization's human resource needs.

To familiarize with some of the factors which affect an organization's future human resource needs (growth, automation, and
turnover).

To familiarize with the complexities involved in making human resource forecasts.

To point out that all human resource forecasting is based on assumptions and that these assumptions are critical to the accuracy
of the forecast. Incorrect assumptions lead to erroneous forecasts.

II. INSTRUCTIONS:

You have been given the assignment of forecasting human resource needs of the National Bank and Trust Company which
employs approximately 1400 people. The bank currently has 50 branch offices located through the greater Vancouver area each
of which employs approximately 18 individuals. The bank expects to add 38 branches during the next three years. Branches
within the bank differ considerably in size, so the figures represent averages.

During the past month, the bank has placed an order for 40 automated teller machines to be placed in its former branch offices.
These machines are scheduled to be in operation December 31,
one year from now. The bank has found that for each new machine purchased, one less teller is needed, on
average. A breakdown of the bank's current staffing is shown in Table: present staffing.

The bank has asked you to perform three human resource forecasting tasks. First, based
on the assumptions given below, you are required to determine employee turnover for the main office, the former branches,
and the new branches. Your boss would like to know this information for each of
the next three years and for each of the major personnel categories (i.e., supervisors, tellers/clerical, and main
office). Your job is to complete Table 1.

Second, your boss would like to know the number of new employees the bank will need to hire for each major personnel Category
for each of the next three years. Your job is to complete Table 2.

Table: Present Staffing

Total Employees 1400

No. of Branches 50

Supervisors per Branch 6

No. of Supervisors 300

Tellers per Branch 12

Number of Tellers 600

Branch Employees 900

Main Office Employees 500

Table 1

Turnover
Employee Category Year 1 Year 2 Year 3
Old Branch Supervisors
Old Branch Tellers
Main Office
New Branch
Supervisors
New Branch Tellers
Totals

Table 2

Number of Employees To Be Hired

Employee Category Year 1 Year 2 Year 3
Old Branch Supervisors
Old Branch Tellers
Main Office
New Branch
Supervisors
New Branch Tellers
Totals

Table 3

Year End Employment

Employee Category Year 1 Year 2 Year 3
Old Branch Supervisors
Old Branch Tellers
Main Office
New Branch
Supervisors
New Branch Tellers
Totals

Finally, your boss would like to know the total number of employees who will be working for the bank as
of the end of each of the next three years. Your job is to complete Table 3. In order to complete your assignment,
your boss has told you to make a number of assumptions. They are:

A. You are making all projections in December for subsequent years ending December 31.
B. With regard to former branches, assume
 • The 50 former branches employ six supervisors and twelve clerical personnel/ tellers each.
• On December 31 (one year hence), 40 tellers are placed in operation and replace 40 tellers.
• The bank does not terminate any employees because of the new teller machines. Rather,
as tellers quit throughout the year, 40 are not replaced.
• Turnover is 25 percent for tellers/clerical personnel, and 18 percent for supervisors.

C. With regard to new branches, assume

• New branches are added as follows: 10 in Year 1, 12 in Year 2, and 16 in Year 3.

• Each new branch employs 18 individuals (6 supervisors and 12 tellers/ clerical)
• New branches are added evenly throughout the year. Thus, for the purpose of calculating turnover, on
average, there are 5 new branches in Year 1 (50% 10); 16 in Year 2 [10 in Year 1 plus (50% 12)]; and 30 in
Year 3 [22 plus 8 (50%16)].

4. Turnover is 25 percent for tellers/clerical personnel, and 18 percent for supervisors.

D. With regard to main office, assume that turnover will be 15% per year.

Organization:

Write an executive summary

Include a section to conduct literature review on the importance of HR Forecasting as a strategic component in
achieving business objectives. Make sure your logical argumentation bears critical thinking and is supported by
academic inputs from scholarly articles.

Run your analysis (complete tables) and provide a description on key assumptions and key analyses to support your
calculations.
You may include a conclusion at the end

Organise your paper with proper APA headings and adhere to APA 7th edition guidelines.

No abstract nor table of contents is necessary.

Support your paper with 4-6 scholarly research sources, with one being your textbook.

The paper should be between 1,200 and 1,400 words (not including cover page and references) and written using
APA format. Adhering as closely as possible to the word count target is part of the exercise, requiring you to be
selective with the information you include and ensuring everything you include adds value.

Submit your paper to the Indidivual Assignment – HR Forecasting inbox on Brightspace

Before you get started, please carefully review the marking rubric below.
 Appendix - A
Assessment Rubric for HR Forecasting (Grades = 25%)
1-4 Scale 1 2 3 4

Percentage Score 0-59 60-67 68-71 72-75 76-79 80-84 85-89 90-100

Grades F C B- B B+ A- A A+
Weight
Mastery Level Beginning Developing Competent Mastery

Approaching
Standard Level Below Standard At Standard Exceeds Standard
Standard
Executive summary Executive Summary Executive Summary
Executive Summary Executive summary
5 missing or Executed Executed in
inadequate
poorly constructed Adequately Superior Fashion
Demonstrates Demonstrates Demonstrates thorough
Demonstrates poor
Subject knowledge – Evaluation inadequate evaluation adequate evaluation evaluation and analysis of
40 evaluation and
and Analysis and analysis of and analysis of subject
analysis of subject
subject subject

Key elements are Key elements are Key elements are Key elements are
not adequately mostly covered. adequately completely covered.
Answering questions and conduct 15 covered. Content is mostly covered. Content is
of research Content is not accurate but lacks Content is accurate comprehensive, accurate
comprehensive, has persuasiveness. and persuasive. and persuasive.
inaccuracies and is Displays some Displays adequate Displays superior
not persuasive. understanding of understanding of understanding of relevant
Displays lack of relevant theory. relevant theory. theory.
understanding of Points mostly Points supported by Points fully supported by
relevant theory. supported by references. specific references.
Points not references. Research is Research is superior in
adequately Research is lacking adequate in content content and quality.
supported by in content and and quality.
references. quality.
Organization & Critical
Thinking

Introduction provides
Introduction provides
Introduction provides background of Introduction provides
good level of
poor level of presentation missing superior level of
background of
background of some key elements background of
presentation Structure
presentation Structure Structure of presentation Structure
of presentation is
of presentation is not presentation is not of presentation
clear, and train of
clear and is difficult to clear, and it is not very clear and easy to
thought process is
follow train of easy to follow train of follow train of
understandable
Demonstration of thought process thought process thought process thought process
Conclusion mostly
and analysis of problem and Conclusion does not Conclusion follows Conclusion follows
10 follows logically
resolution using own thoughts follow logically from from body of logically from body
from body of
and ideas body of presentation presentation but of presentation
presentation Critical
Critical Thinking is misses key points Critical Thinking is
Thinking is present:
lacking, missing Critical Thinking is present through:
logical argumentation
logical argumentation not fully present: logical argumentation
& reasoning shows,
& reasoning, concrete missing key points of & reasoning, concrete
reasonable examples
examples & valid logical argumentation examples & valid
& valid inferences are
inferences & reasoning, concrete inferences
made
examples & valid
inferences

Style & Mechanics

7th Ed. APA Manual 7th Ed. APA Manual
7th Ed. APA Manual 7th Ed. APA Manual
is not followed or is followed with no
is followed with is followed with
APA there are significant errors including:
significant errors in: minor errors in:
errors in: properly formatted
title page & formatted title page,
Application of the requirements title page & title page, properly
10 references pages. In- formatted references
of the 7th APA manual to create references pages. In- formatted references
text citations, pages, in-text
a standardized formatted text citations, pages, in-text
paraphrasing and citations,
presentation paraphrasing and citations are correctly
direct quotes are paraphrasing and
direct quotes are quite used, paraphrasing
lacking but do not rise direct quotes are
inadequate but and direct quotes are
 do not rise to the to the level of adequately used in the properly used in the
level of plagiarism plagiarism correct context correct context
Grammar and Grammar and
Grammar and
sentence structure has sentence structure has Grammar and
Grammar/Punctuation/Spelling sentence structure
major problems problems following sentence structure
mostly follows
following standard standard English follows standard
Use of proper English language standard English rules
10 English rules and rules and reads with English rules and
grammar, spelling and and reads reasonably
reads with difficulty some difficulty with reads well with
punctuation to create a readable well with few errors
with major errors in errors in punctuation excellent punctuation
presentation. in punctuation and
punctuation and and and spelling
spelling
spelling spelling
Sentences are
consistently
Sentences need to be Sentences are mostly
Sentences are lacking complete, clear,
more complete, clear, complete, clear,
in completeness, concise and well-
concise and well- concise and well-
clearness, conciseness constructed with
constructed. constructed.
and are not well- strong, varied
Transitions do not Transitions mostly
structured. structure.
Readability & Style maintain flow of maintain flow of
Transitions do not Transitions
thought well. thought.
maintain flow of consistently maintain
Clarity of thought and Words are not precise Words are mostly
thought. flow of thought.
appropriate level of language 10 and have some precise with little
Words are Words are quite
use that brings the author's ambiguity. ambiguity.
ambiguous. precise and
thoughts and ideas to the reader. Tone is not Tone is mostly
Tone is inappropriate unambiguous.
appropriate to appropriate to
to Tone is completely
audience/assessment. audience/assessment.
audience/assessment. appropriate to
Colloquial language or Colloquial language or
Colloquial language or audience/assessment.
inappropriate use of inappropriate use of
inappropriate use of paraphrasing is used paraphrasing is used No colloquial
paraphrasing is used. language or
too much. sparingly.
inappropriate use of
paraphrasing used.

Additional Comments
Marks 100