The chapter has covered the main manpower planning techniques – manpower requirements, rate of return, labour market information systems, pragmatic, key informants, labour market signalling and LAMs. There are, of course, overlaps between each of the techniques
suggested but none of the approaches has come to dominate in practice. Despite the lack of consensus on technique to be used, the demand for manpower projections runs unabated.
Indeed, the Bureau of Labor Statistics (BLS)3 in the USA uses a combination of MRA and economic forecasting while the author has recently completed a manpower analysis for the Asian Development Bank (ADB) in Vietnam where the authorities were keen to know the future demands for skilled manpower in their economy to revamp their vocational education system. This experience is described in the last chapter where it can be seen that a mixture of most of the techniques described in this chapter were used depending on the precise question addressed.
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CHAPTER II: AN OVERVIEW OF MAJOR THEORIES OF LABOUR MARKET