A model for cost efficient Workforce Organizational Dynamics and its optimization

TL;DR

This paper introduces a scalable workforce planning model that optimizes costs and promotes flexible solutions within hierarchical organizations, analyzing external hiring and promotion dynamics through mathematical modeling and simulations.

Contribution

It proposes a novel flexibility rate and discusses external hiring ratios, enhancing workforce planning strategies with mathematical analysis and numerical simulations.

Findings

Optimal flexibility rate for workforce solutions

Impact of external hiring ratios on costs

Mathematical model validated by simulations

Abstract

This paper presents a workforce planning model scalable to an entire hierarchical organization. Its main objective is to design a cost optimal target which leverages flexible workforce solutions while ensuring an efficient promotional flux. The value of this paper lies in its proposal of an adequate flexibility rate using various solution types and in its discussion about external hiring ratios. The mathematical structures of the models are analyzed and numerical simulations illustrate the theoretical background.