Toward an integrated workforce planning framework using structured equations

Marie Doumic, Benoît Perthame, Edouard Ribes, Delphine Salort and Nathan Toubiana

European Journal of Operational Research, 2017, vol. 262, issue 1, 217-230

Abstract: Strategic Workforce Planning is a company process providing best in class, economically sound, workforce management policies and goals. Despite the abundance of literature on the subject, this is a common challenge in terms of implementation. Reasons span from the youth of the field itself to broader data integration concerns that arise from gathering information from financial, human resource and business excellence systems. This paper aims at setting the first steps to a simple yet robust quantitative framework for Strategic Workforce Planning exercises. First a method based on structured equations is detailed. It is then used to answer two main workforce related questions: how to optimally hire to keep labor costs flat? How to build an experience constrained workforce at a minimal cost?

Keywords: Human resource planning; Strategic planning; Structured population dynamics; Long time asymptotics (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:262:y:2017:i:1:p:217-230

DOI: 10.1016/j.ejor.2017.03.076

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