Estimation of career progression and growth properties in Markov manpower systems with a competitive climate

Kannan Nilakantan

International Journal of Business and Systems Research, 2013, vol. 7, issue 3, 292-317

Abstract: This paper takes up the estimation of career growth properties of members in Markov manpower systems with a competitive internal climate. First, a method to estimate career characteristics prevailing in the system is devised through the modelling and analysis of cohorts within the system. Second, a new approach is developed to quantitatively model the competition in a manpower system, and is then built into the estimation process. The method is then applied to a system which effects recruitment restrictions as a means to protect/enhance the career prospects of its members. Finally, computational examples are provided to demonstrate the likely effects of the various model parameters on career growth characteristics.

Keywords: manpower systems modelling; Markov models; career progression; career growth; recruitment restrictions. (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbsre:v:7:y:2013:i:3:p:292-317

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