Decent Essays
Question-1: How would you forecast the manpower needs of Ya Kun?

There are few ways by which we can forecast the manpower needs of Ya Kun Kaya. They are: * Trend analysis * Ratio analysis * Scatter plot and * Computerized system
Based on trend analysis, we can find new recruit by studying the variation of their past employment levels which means that they can provide an initial estimate of future staffing needs, but employment levels rarely depend just on the passage of time. They looked their past performance of sales, productivity and so on to estimate their employee also because if their performance goes beyond their expectation like Ya kun that have many outlets throughout the world, they may required more
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However, to improve their recruiting process, Ya Kun’s managers may choose to: * Use more internal referrals as employees know what kinds of applicants will fit well with the prevalent company culture. * Hire a larger ratio of part-timers to full-timers as this allows them greater flexibility in scheduling. * Convert part-timers to full-timers if they perform well and if they are open to the switch. * Maintain contact with those employees who have left the company so that they can be informed of any new positions in the company.

Ya Kun can forecast the manpower needs by using ratio analysis to conduct a quantitative analysis of information in a company 's financial statements. Ratios are calculated from current year numbers and are then compared to previous years, other companies, the industry, or even the economy to judge the performance of the company. Based on the analysis, Ya Kun could increase their salesperson to run the business in their outlet. Ya Kun can even use trend analysis as an aspect of technical analysis that tries to predict the future movement of a stock based on past data. Trend analysis is based on the idea that what has happened in the past gives traders an idea of what will happen in the future. Based on trend analysis, Ya Kun can find new recruit by using their past experienced
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