Time to Recruitment for Organisations Having n Types of Policy Decisions with Lag Period for Non-identical Wastages

Abstract

Announcements of policy decisions in organisations may result in loss of manpower (wastage) due to employee’s dissatisfaction. Recruiting for each loss is not a good practice because of cost and time. Hence the recruitment has to be done at the time of threshold crossing using a suitable recruitment policy. Time to recruitment has to be predicted, to avoid the complete breakdown of the organisation. The intensity of attrition may not be the same for every policy decision, so in general there may be n types of policy decisions each with different intensity. Whenever policy decisions are taken, the wastages may not occur instantaneously so the lag period for wastages is introduced in this paper. Two stochastic models have been constructed to derive the performance measures of time to recruitment with non-identical wastages and the inter-policy decision times (IPDT) as independent and identically distributed (iid) random variables (rvs) or geometric process. The impact of the parameters on performance measures are found from numerical illustrations. A better model is suggested for the prediction of the time to recruitment. The advantages of introducing lag period for wastages and the way to control the faculty flow are discussed in the conclusion.