Explain the Manpower Requirements Approach and Its Limitation.
Manpower Requirements Approach:
A systematic approach is required to provide the strong fundamental support needed for the effective delivery of the services. Recruitment through advertisement reaches out to a wide pool of candidates. Recruitment positions are advertised based on specific job requirements advised by the client. The consultants then go through a detailed screening, interviewing and selection process before presenting the best-fit candidates. Since the company’s inception, there has been a huge database of candidates from various industries through constant media exposure and referrals by both candidates and clients.
From this database, the identification of the candidates with the relevant experience and skill match the specific needs with the shortest turnaround time. The aim of future requirement of manpower to fulfill specific target of industrial production is taken care of after this planner indicates the direction of development of the educational sector.
For this, the following steps are envisaged:
- To anticipate the growth of the individual sector and the kind of magnitude it has.
- Rules are to be developed for employing manpower in each sector of the economy.
- physical targets for the development of each individual sector to be translated into manpower requirements using sector specific manpower norms.
- The educational’ equivalents of the manpower requirements to be estimated.
Limitations of Manpower Requirements Approach.
The substitutes amongst various categories of educated manpower is very less. The educated manpower of various kinds is used in fixed proportion. In case of departure of a high rise employee it gets very difficult to find the replacement.
There exists a definite link between an industrial task and an educational level.
Relationship between human resources and capital is so close that optimal increases in output and hence optimal economic growth is not possible through increase in one of them either human resources or capital at the cost of the other.
Some growth of course can be had from the increase in more conventional capital even though the labor that is available is lacking both in skill and knowledge. But the rate of growth will be seriously limited. It simply is not possible to have the fruits of modern agriculture and the abundance of modern industry without making large investments in human beings. There is an optimal ratio of human resources to capital which has to be maintained to reach the attainable rate of economic growth.
Given the endowment of capital and other material resources, human resources could accelerate the production process and hence economic growth.
At the same time, unprecedented growth in human resources, disproportionate to the pattern of accumulation of capital and other material resources could hinder development.