International Journal of Engineering and Management Research (IJEMR)
  • Year: 2016
  • Volume: 6
  • Issue: 1

Manpower Planning using Markov Chain: A Case Study on Young Executives at Malaysian Retirement Fund (Incorporated)

  • Author:
  • Muhammad Rozi Malim, Faridah Abdul Halim, Fatin Syazana Izuddin, Normalah Saring, Siti Najiah Muslim
  • Total Page Count: 6
  • Page Number: 179 to 184

Centre of Statistical & Decision Science Studies, Faculty of Computer & Mathematical Sciences, MARA University of Technology, Malaysia

Online published on 8 November, 2017.

Abstract

Modelling the manpower planning and human resource management in an organization mainly involved the prediction of future behaviour of employees. This is very crucial as manpower planning is the heart of an organization. Manpower planning is a systematic process that aids in identification of gab between current and future resources. This paper aims to determine an appropriate manpower model to understand the flow of young executives at Malaysian Retirement Fund (Incorporated). The model is developed using Markov chain approach. The focus group is generation-Y (millennial) employees who were born between 1980 and 2000.

Keywords

Employee turnover, generation-Y, Manpower planning, Markov chain