Demand modeling uses predictive analysis to forecast workforce demand and adapt it to an organization’s goals.
The common models used by HR professionals for demand modeling are:
1) The Markov model
2) Workload analysis
3) Managerial analysis
4) Nominal group technique
5) Delphi technique
Internal factors that affect demand modeling include:
External factors that affect demand modeling include:
Creating an accurate HR demand forecast isn’t a matter of gut instinct and guesswork — it’s about having comprehensive data and insights drive workforce planning and transformation.