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An Overview of employment generation in the export processing zone in Sri Lanka

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dc.contributor.advisor Wickramsinghe, V
dc.contributor.author Dammage, PT
dc.date.accessioned 2011-07-14T06:06:26Z
dc.date.available 2011-07-14T06:06:26Z
dc.date.issued 7/14/2011
dc.identifier.uri http://dl.lib.mrt.ac.lk/theses/handle/123/1610
dc.description.abstract Workforce planning is a process of identifying the quantity and quality of employees required to achieve strategic goals and objectives, ensuring that the right number of people is in the right jobs at the right time. At the national level, a well-planned workforce is seen as the foundation for economic growth. The government of Sri Lanka has drafted a ten year development plan from 2006 to 2016 targeting an approximated Gross Domestic Product of 8.5%. This demands a systematic forecasting of the workforce based on investments. For effective workforce planning, the foundation is the identification of supply and demand of labour. Then measures could be taken to address surplus and shortage in the short-run and long-run. Though forecasting quantity and quality of human resource based on a model is essential, up to date, no study has been carried out to estimate workforce requirements at the national level in Sri Lanka. Therefore, this study is an attempt to address this research gap. It is expected that the findings of the study will have broader relevance at national level policy planning. The purpose of the research was to estimate workforce demand of the industrial sector for the years 2007 to 2011 based on past investment and employment generation-data. A model was developed to forecast work,force for the years 2007 to 2011 based on the investment and employment generation data for the years 1985 to 2006. Investment and employment generation data were collected from the Ministry of Enterprise Development and Investment Promotions. Investment and employment generation data for the years 1985 to 2006 was used for the modeling and forecasting of the required workforce at export processing zone level and industrial sector level for the years 2007 to 2011. For the study an indicator called Employments Created per Investment was created (ECI) and. investment and employment generation data were correlated with ECI. The least square method was employed to derive the best fitted model. Both linear and quadratic models and double exponential smoothing method were derived. It is found that double exponential smoothing method give the best performance. en_US
dc.description.abstract Workforce planning is a process of identifying the quantity and quality of employees required to achieve strategic goals and objectives, ensuring that the right number of people is in the right jobs at the right time. At the national level, a well-planned workforce is seen as the foundation for economic growth. The government of Sri Lanka has drafted a ten year development plan from 2006 to 2016 targeting an approximated Gross Domestic Product of 8.5%. This demands a systematic forecasting of the workforce based on investments. For effective workforce planning, the foundation is the identification of supply and demand of labour. Then measures could be taken to address surplus and shortage in the short-run and long-run. Though forecasting quantity and quality of human resource based on a model is essential, up to date, no study has been carried out to estimate workforce requirements at the national level in Sri Lanka. Therefore, this study is an attempt to address this research gap. It is expected that the findings of the study will have broader relevance at national level policy planning. The purpose of the research was to estimate workforce demand of the industrial sector for the years 2007 to 2011 based on past investment and employment generation-data. A model was developed to forecast work,force for the years 2007 to 2011 based on the investment and employment generation data for the years 1985 to 2006. Investment and employment generation data were collected from the Ministry of Enterprise Development and Investment Promotions. Investment and employment generation data for the years 1985 to 2006 was used for the modeling and forecasting of the required workforce at export processing zone level and industrial sector level for the years 2007 to 2011. For the study an indicator called Employments Created per Investment was created (ECI) and. investment and employment generation data were correlated with ECI. The least square method was employed to derive the best fitted model. Both linear and quadratic models and double exponential smoothing method were derived. It is found that double exponential smoothing method give the best performance.
dc.language.iso en en_US
dc.subject THESIS-MANAGEMENT AND TECHNOLOGY ; EMPLOYMENT-SRI LANKA ; EXPORT PROCESSING ZONE-SRI LANKA en_US
dc.title An Overview of employment generation in the export processing zone in Sri Lanka en_US
dc.type Thesis-Abstract
dc.identifier.faculty Engineering en_US
dc.identifier.degree MSc en_US
dc.identifier.department Department of Management of Technology en_US
dc.date.accept 2008
dc.date.accept 2008
dc.identifier.accno 91158 en_US


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