Abstract
The article argues that there is a need for a greater emphasis on information relating to the quality of labour supply, particularly the nature of managerial experience. The rationale is based on the organizational and industry changes which alter patterns of experience and create new forms of human capital. At the heart of the argument is the valuation of stable labour market dynamics, that is, patterns which remain constant. This is contrasted with the ethos of change which, it is suggested, contains a dangerous element of exaggeration. An attempt is made to integrate qualitative career analysis with new forms of labour market analysis. Two models of learning by experience are introduced and examples of relevant techniques of measurement are described.