Model Perspective

Oct 3, 2022 · Operations

How to Optimize Workforce Planning Over Three Years with Hiring, Training, and Layoffs

This article presents a three‑year workforce planning model that balances hiring, retraining, part‑time staffing, and layoffs while minimizing costs and attrition, using detailed demand forecasts, attrition rates, and constraints to guide optimal decisions for unskilled, semi‑skilled, and skilled workers.