Developing Talent from a Supply–Demand Perspective: An Optimization Model for Managers

Hadi Moheb-Alizadeh and Robert B. Handfield
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Hadi Moheb-Alizadeh: Graduate Program in Operations Research, North Carolina State University, Raleigh, NC 27695, USA
Robert B. Handfield: Department of Business Management, College of Management, North Carolina State University, 2806-A Hillsborough St., Upper Level, Campus Box 7229, Raleigh, NC 27695-7229, USA

Logistics, 2017, vol. 1, issue 1, 1-29

Abstract: While executives emphasize that human resources (HR) are a firm’s biggest asset, the level of research attention devoted to planning talent pipelines for complex global organizational environments does not reflect this emphasis. Numerous challenges exist in establishing human resource management strategies aligned with strategic operations planning and growth strategies. We generalize the problem of managing talent from a supply–demand standpoint through a resource acquisition lens, to an industrial business case where an organization recruits for multiple roles given a limited pool of potential candidates acquired through a limited number of recruiting channels. In this context, we develop an innovative analytical model in a stochastic environment to assist managers with talent planning in their organizations. We apply supply chain concepts to the problem, whereby individuals with specific competencies are treated as unique products. We first develop a multi-period mixed integer nonlinear programming model and then exploit chance-constrained programming to a linearized instance of the model to handle stochastic parameters, which follow any arbitrary distribution functions. Next, we use an empirical study to validate the model with a large global manufacturing company, and demonstrate how the proposed model can effectively manage talents in a practical context. A stochastic analysis on the implemented case study reveals that a reasonable improvement is derived from incorporating randomness into the problem.

Keywords: talent management; nonlinear programming; stochastic programming; chance-constrained programming (search for similar items in EconPapers)
JEL-codes: L8 L80 L81 L86 L87 L9 L90 L91 L92 L93 L98 L99 M1 M10 M11 M16 M19 R4 R40 R41 R49 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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