Forecasting Stage of Human Resource Planning Determining Labor Demand derived from product service demand ◆external in nature ■ Determining Labor Supply internal movements caused by transfers, promotions,turnover,retirements,etc. transitional matrices identify employee movements over time Determining Labor Surplus or Shortage ©2004 by UIBE Liu yuxin 4-8© 2004 by UIBE Liu yuxin 4-8 Forecasting Stage of Human Resource Planning ƒ Determining Labor Demand ‹derived from product / service demand ‹external in nature ƒ Determining Labor Supply ‹internal movements caused by transfers, promotions, turnover, retirements,etc. ‹transitional matrices identify employee movements over time ƒ Determining Labor Surplus or Shortage ƒ Determining Labor Demand ‹derived from product / service demand ‹external in nature ƒ Determining Labor Supply ‹internal movements caused by transfers, promotions, turnover, retirements,etc. ‹transitional matrices identify employee movements over time ƒ Determining Labor Surplus or Shortage