Estimation of expected time of personnel to leave the organisation – A model with two thresholds
N Vijayasankar, S Vijay Amirtharaj, R Sathiyamoorthi
In any organisation or industry the manpower is an important factor of production. The exit of personnel due to unsatisfactory decisions or packages by the management is very much possible. The exit of an individual from the organisation may occur due to any one of the two reasons or both. The propensity to leave is of cumulative character at the successive decision epochs. As and when the total propensity to leave crosses a level called random threshold level the person leaves the organisation. Also if the intensity of emotional feeling due to unsatisfactory decisions crosses the maximum threshold level the person quits the organisation. Under the assumption that the inter arrival times between decision epochs are correlated exchangeable, exponential random variables the expected time of a person to leave the organisation is estimated. Numerical illustration is also given.
N Vijayasankar, S Vijay Amirtharaj, R Sathiyamoorthi. Estimation of expected time of personnel to leave the organisation – A model with two thresholds. International Journal of Multidisciplinary Research and Development, Volume 2, Issue 12, 2015, Pages 364-371