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

Mangerial Economics, A portion of the demand schedule for wax candles (per ...

A portion of the demand schedule for wax candles (per case) is shown below. Px $50 $30 $10 Qx 500 600 700 What is the demand curve (straight line) that corresponds to the schedu

Selective in exports, Selective in Exports: There are many industries ...

Selective in Exports: There are many industries where India has an advantage because of relatively lower costs of all forms of manpower whether it is professional or factory l

Claudia, Directions: You should legibly handwrite or type the answers to th...

Directions: You should legibly handwrite or type the answers to the following questions on a separate sheet of paper. These must be submitted in class (not via email unless you hav

The market supply of labour, graphical illustration describing the influenc...

graphical illustration describing the influence of an increase in immigrants on the market supply of labour

Elasticity of demand, the price of a laptop increases by 20% and there is a...

the price of a laptop increases by 20% and there is a 40% drop in the quantity demanded

#Monopoly, How to prepare an assignment of Monopoly in economics#Minimum 10...

How to prepare an assignment of Monopoly in economics#Minimum 100 words accepted#

HCA586, how do cooperative and noncooperative games differ

how do cooperative and noncooperative games differ

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