Human resource planning
This information is part of the Business Simulation Library (BSL).
In this stylized model of human resource management, we are using →FirstOrderStockAdjustment to control the rate of
hiring to keep a company's workforce at the desired level given in full time equivalents (FTE). The workforce in the present case is reduced by attrition as the average employment period is
5 years—we will model this delay as an exponential delay of 3rd order.
At the start of the simulation we will have the workforce meet its desired level of
750 FTE. The desired workforce will then ramp up by
450 FTE starting at the end of the first year over a time of six years.
We would like to keep track of the average experience of the workforce, which we will simply measure in years of relevant work experience. New employees will arrive with an experience of
5 years, but we assume that this will fall to just
2 years starting at the end of the first year over four years due to fierce competition for experienced workers. At the start of the simulation, the average experience in our company is around
hasStockInfoOutput = truefor
workforcewill introduce an additional connector
y_stockInfowhich we can then simply connect to the matching connector
expertise. All we need then is an
inputproviding the current attribute for new entries to
workforceand we are all set.
outflowports for the coflow we can connect processes that directly change the average quality (e.g., gaining experience on the job as done here).
Description: The model's main output
Description: Workforce entering the company
Description: Workforce measured in full-time equivalents (FTE)
Description: How many people are needed?
Description: Average erperience of employees measured in years
Description: Gaining experience on the job
Description: Rate of gaining experience
Description: Workforce leaving the company
Description: Average length of employment
Description: The rate of leaving the company reported with delay
Description: The prior experience of new employees given in years
Description: The desired Workforce given in FTE