Labor forecasting is important to help ensure companies have the right talent at the right time and place. In the past, people were seen simply as a head count to fill cogs in a production system. In today's world, talent needs may be complex and come with various skills and abilities. Having a method of understanding and procuring those human capital assets is beneficial. I generally look at the mid to long-term market, current needs, internal resource supply, and the strategy of an organization to determine how to hire in preparation of likely change. In any strategic plan, there should be some planning on the type of skills employers need to fill current and future positions. Putting Forecasting in Focus This is an actual study on demand forecasting. A Human Resource Demand Forecasting Method Based on Improved BP Algorithm If you have a little free time you can consider reading this article by U.S. Bank on the current labor market. The effect of the job market on the economy
It appears from a few economists and news outlets that the economy is moving into a homeostasis. Read this article and think about the mixed data but also the trends of normalization. Finding a new normal in economic development means we can better manage that economy. Adding new benchmarks and increased big data metrics also leads to stronger economic development through understanding and fine tuning long tail choices that can lead to higher stable economic performance ( Geopolitical issues fall into a different basket and predictive method. ) 11 charts that show how covid changed the U.S. economy The articles below discuss change in the economy as changing of patterns as seen from the many micro transactions and choices that make up an economy and a people. When market disruptions occur at a time there are digital growth and other changes there is an adaptation that occurs. Economy Evolutionary Change Post Covid If those adaptations, as based in internal and external pressures, c