Strategic workforce planning model

A system for workforce planning for an organization, the system comprising:

• one or more non-transitory storage mediums;
• an employee attribute module communicatively coupled with a least one of the one or more storage mediums and configured to:
• identify a plurality of employee attributes, wherein each employee attribute includes one or more employee attribute values;
• and
• associate selected attribute values from the one or more employee attribute values of the plurality of employee attributes with each employee of the plurality of employees of the organization;
• an employer practices module communicatively coupled with at least one of the one or more storage mediums and configured to:
• identify a plurality of practices of the organization, wherein each practice of the organization includes one or more specific programs;
• generate a practice impact matrix comprising a plurality of impact factors, wherein the impact factors of the practice impact matrix represent quantitative measures of impacts of the specific programs of the organization on the employees based the employee attribute values;
• a retention probability module communicatively coupled with at least one of the one or more storage mediums and configured to:
• calculate a plurality of retention probabilities, wherein each particular retention probability from the plurality of retention probabilities represents a probability that a particular employee from the plurality of employees will remain employed during a time period at the organization based on the impact factors of the practice impact matrix linked with the particular employee based on the selected attribute values associated with the particular employee and each particular retention probability is calculated utilizing an impact calculation that includes a summation of at least one impact factor from the practice impact matrix linked with the particular employee through one of the selected employee attribute values for each of the plurality of practices of the organization and wherein each of the at least one impact factors in the summation is each multiplied by a respective industry-wide impact weight factor linked with the respective practice of the organization;
• and
• a simulation module communicatively coupled with at least one of the one or more storage mediums and configured to:
• simulate a workforce composition for the organization utilizing the plurality of retention probabilities for at least the time period.

A non-transitory machine-readable storage medium comprising executable instructions for modeling a workforce composition of an organization, the executable instructions comprising code for:

• identifying a plurality of employee attributes, wherein each employee attribute includes one or more employee attribute values;
• associating selected attribute values from the one or more employee attribute values of the plurality of employee attributes with each employee of a plurality of employees of the organization;
• identifying a plurality of practices of the organization, wherein each practice of the organization includes one or more specific programs;
• generating a practice impact matrix comprising a plurality of impact factors, wherein the impact factors of the practice impact matrix represent quantitative measures of impacts of the specific programs of the organization on the employees based the employee attribute values;
• and
• calculating a plurality of retention probabilities, wherein each particular retention probability from the plurality of retention probabilities represents a probability that a particular employee from the plurality of employees will remain employed during a time period at the organization based on the impact factors of the practice impact matrix linked with the particular employee based on the selected attribute values associated with the particular employee and each particular retention probability is calculated utilizing an impact calculation that includes a summation of at least one impact factor from the practice impact matrix linked with the particular employee through one of the selected employee attribute values for each of the plurality of practices of the organization and wherein each of the at least one impact factors in the summation is each multiplied by a respective industry-wide impact weight factor linked with the respective practice of the organization;
• and
• simulating the workforce composition for the organization utilizing the plurality of retention probabilities for at least the time period.