The purpose of workforce modelling is to simulate demand and supply for a range of plausible futures, developed in our scenario generation stage. The modelling might look at particular skills and the proportions of different skillsets within the workforce as well as overall numbers. Further modelling would then determine the robustness of policy options for achieving a sustainable balance of demand and supply.
There are four stages to our workforce modelling:
- model scoping
- model construction
- model documentation
- model testing.
The CfWI uses an award-winning system dynamics modelling methodology to do this, designed to handle complex systems feedback. The methods can easily be extended or revised to address additional issues as they arise.
Throughout the process, we work closely with stakeholders who contribute to model design and testing. This includes sense-checking key modelling assumptions and outputs. Applying the feedback in our rigorous formal approach also increases stakeholder confidence in the model outputs.