Techniques of manpower forecasting, Microeconomics

Assignment Help:

Techniques of Manpower Forecasting

Parnes, an American economist, observed that it is possible to assess the optimum number of educated manpower required for attaining specific targets of economic growth. The concretisation of this idea resulted in the form of several techniques of manpower forecasting. In one of its reports the UNESCO observed that during the reference year 1968, 60 countries were using one or the other type of manpower models for planning and providing education in their countries. Over the years, there have been improvisations/refinements in manpower forecasting.

As of now, five distinct methods used in this field have been identified.

  1. Rule of Thumb Method
  2. Employer’s Estimates of Future Manpower Requirements
  3. International Comparisons Method
  4. Manpower-Population Ratios
  5. Mediterranean Regional Project (MRP) Technique

 


Related Discussions:- Techniques of manpower forecasting

Price change, 1.  Seller has ample time to adjust to price change. 2.  B...

1.  Seller has ample time to adjust to price change. 2.  Buyer's response to small price change is significant. 3.  Buyers are faced with many options when deciding to make a

Is there a trade-off between inflation and unemployment, Is there a trade-o...

Is there a trade-off between inflation and unemployment? The Keynesian side posits that policies can indeed be used to stimulate demand - demand-side policies - and those mar

Sub-contracting and investing, The demand for one of Parsons products has i...

The demand for one of Parsons products has increased over the last few years and, despite the extensive use of overtime and weekend working, the company has been forced to sub-cont

The basics, the basics in micro economics

the basics in micro economics

Factors of production, The process of production needs several inputs. Thes...

The process of production needs several inputs. These inputs are known as the factors of production. In most cases, firms own some of the factors of production while some have to b

What is endothermic reaction, What is endothermic reaction? 3. Draw a gener...

What is endothermic reaction? 3. Draw a generalised energy graph for an endothermic reaction.

Determine the amount of composite commodities, a)  Joan's utility function ...

a)  Joan's utility function can roughly be estimated as : U = 60Q 1 3/4 Q 2 2/3 She chooses from two composite commodities Q 1 and Q 2 whose prices per unit are kshs 20

Atoms and molecules, who proposed the law of chemical combinations?

who proposed the law of chemical combinations?

Price Elasticity, About four years ago, Kanye West performed at the UIC Pav...

About four years ago, Kanye West performed at the UIC Pavilion. General admission tickets were priced at $30. Concert promoters say that price elasticity of demand for general admi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd