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This can be done through use of different tools. Today more and more big companies tend to use sophisticated computer based systems which enable them to make the forecasting process more precise and efficient. On the other hand if the company doesn't have the actual need or resources needed to implement such system, their managers can follow several simple ways to forecast future personnel needs. They can use trend or ratio analysis, scatter plot method and last but not least managerial judgement. It means that they have to take into account important factors that may influence the future (e.g...
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