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Published:
Sep 24, 2014DOI:
10.4314/njt.v33i4.15Keywords:
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Main Article Content
A Markovian Study of Manpower Planning in the Soft-Drink Industry in Nigeria
Abstract
A Markovian approach to the analysis of data pertaining to recruitment, active staff wastage and retirement collected over a period of five years from a soft drink manufacturing company based in Lagos, Nigeria, is presented. Our results suggest that although the company studied has a long term employment policy, staff who retire from the system are disproportionately small 15 to 26 % compared to those who leave through wastage (74-85)%. This paper proposes a review of the current manpower policy to moderate the perceived imbalance in policy structure. The author is convinced that the method advocated is effective as a decision support instrument for solving manpower planning problems in industrial organizations.
