Market-based manpower planning with labour market signals

In a market economy manpower planners must provide information that will serve to guide private training decisions, to improve the management of training systems, to identify impediments to competitive labour markets, and to rationalize public sector investments in education and training. Arguing that manpower planning techniques must take account of the dynamic nature of market economies, this article rejects manpower requirements forecasting and in its place proposes that use of labour market signals developed by monitoring movements in wages and employment and by evaluating training programmes. -from Authors