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Toward an integrated workforce planning framework using structured equations

TitleToward an integrated workforce planning framework using structured equations
Publication TypeJournal Article
Year of Publication2017
AuthorsDoumic, M, Perthame, B, Ribes, E, Salort, D, Toubiana, N
JournalEuropean Journal of Operational Research
Volume262
Pagination217 - 230
ISSN0377-2217
KeywordsHuman resource planning, Long time asymptotics, Strategic planning, Structured population dynamics
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?

URLhttp://www.sciencedirect.com/science/article/pii/S0377221717303077
DOI10.1016/j.ejor.2017.03.076