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Predictive analytics for Human Resources through the application of Markov Chains: a case study of Cevital Food Processing Industry

Author

Listed:
  • Hicham MAHDJOUBA

    (Faculty of Economic, Ain Temouchent University, Algeria)

  • Sami Mohammed BENNOUNA

    (Faculty of Economic, Ain Temouchent University, Algeria)

  • Afaf KHOUILED

    (Faculty of Economics, Ouargla University, Algeria)

Abstract

The study focuses on the application of Markov chains to forecast the human resources of Cevital Food Processing Industry. Markov chains are probabilistic models used to anticipate future trends based on the current state and probable transitions. By utilizing historical data on workforce and personnel movements, a robust predictive model was developed. The results reveal a distribution of human resources for the upcoming years, obtained by multiplying the probabilistic transition matrix with the 2019 workforce matrix. The study highlights the significance of efficient human resource planning for business success and underscores the promising use of Markov chains in this field.

Suggested Citation

  • Hicham MAHDJOUBA & Sami Mohammed BENNOUNA & Afaf KHOUILED, 2022. "Predictive analytics for Human Resources through the application of Markov Chains: a case study of Cevital Food Processing Industry," Management Intercultural, Romanian Foundation for Business Intelligence, Editorial Department, issue 49, pages 43-51, December.
    • Handle: RePEc:cmj:interc:y:2022:i:49:p:43-51
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    More about this item

    Keywords

    predictive analytics for Human Resources; Markov Chains; Human Resource Management; CEVITAL company;
    All these keywords.

    JEL classification:

    • C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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