A two-stage stochastic model for labour wastage

@inproceedings{Agrafiotis1983ATS,
  title={A two-stage stochastic model for labour wastage},
  author={G. K. Agrafiotis},
  year={1983}
}
Abstract A stochastic model for labour wastage is presented which accounts for the employee's variability on the propensity to leave through dependence on both his length of service and his tenure-in-current-state. The basic assumption underlying the model is that the employee's personal characteristics, the job characteristics and the external labour market conditions are stochastic over time, therefore affecting his decision to stay or leave the company. It is shown that the model provides a… CONTINUE READING

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