Communications in Statistics: Theory and Methods vol:45 issue:6 pages:1805-1818
Current manpower planning approaches focus on satisfying future personnel needs. In the mean time, there is a lack of contribution on managing the personnel work satisfaction on the long-term. In general, long-term work satisfaction can be achieved by maintaining the preferred promotion strategy. This paper aims at balancing the strategy to
fulfill the future personnel requirements while at the same time maintaining the preferred promotion strategy. Moreover, stochastic wastage is considered to better capture the real world condition of voluntarily wastage. Illustration of the model shows that it enables obtaining favorable recruitment and promotion strategies.