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

Example of insurance - reducing risk, The Value of Title Insurance While Bu...

The Value of Title Insurance While Buying a House *  A Scenario: - Price of house is $200,000 - 5% chance that seller does not own house *  Risk neutral buyer would pa

Sources of external economies of scale, Sources of external economies of sc...

Sources of external economies of scale: Economies of Skilled Labour: This involves upgrading the skills of labour through the provision of education and training faci

Shifts in supply and demand, Shifts in Supply and Demand When supply an...

Shifts in Supply and Demand When supply and demand vary at the same time, the impact on the equilibrium price and quantity is known by: 1. The shape of the supply and dema

Explain the industrial revolution, The Industrial Revolution The centur...

The Industrial Revolution The century after 1750, saw the industrial revolution proper: invention of steam engine, spinning jenny, power loom, hydraulic press, railroad locomot

Strategic planning for enhancing exports, Strategic Planning for Enhancing ...

Strategic Planning for Enhancing Exports: Strategic Planning for Enhancing Exports need to be undertaken at the national level. It is necessary  to undertake a separate and

Profit margin, Profit Margin A measure of organization performance, pro...

Profit Margin A measure of organization performance, profit margins measure the percentage return an organization is earning over the cost of production of the items sold.

Law of cardinal utility approach, ??????? ??? ???? ??? # 100 ?????? #Minimu...

??????? ??? ???? ??? # 100 ?????? #Minimum ?????? ?????

Elasticity deman, use the concept of the income elasticity of demand to exp...

use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods

Economic models, the general characterictics of economic models,its limitat...

the general characterictics of economic models,its limitations and verification

Durability of the commodity, Durability of the Commodity: With some comm...

Durability of the Commodity: With some commodities, we require one at a time and they are used for a very long time before they get spoilt. Examples of such goods are cars, tele

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