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Exact(7)
Factors such as mortality, migration or retirement generate losses to the current workforce stock.
In the stock and flow method, the number and characteristics of the current workforce (stock) are identified, along with the sources and number of workforce inflows and outflows.
On the input side, contributing to the workforce stock, we have the number of students taken into training and the graduates subsequently employed in the health system.
The stock and flow process is represented in Figure 1, where people entering and exiting the workforce (the flows) periodically adjust the initial number in the workforce stock to project future supply.
To project future supply, the initial workforce stock is moved forward based on expected inflows and outflows, allowing for the impact of identified trends and influences on the stock.
The workforce stock is broken down into age and gender cohorts, and each cohort receives inflows not just from graduates and migration (external flows), but also from people moving from one age cohort into the next.
Similar(53)
Increased self-reliance was achieved despite substantial growth in workforce stocks.
The Singapore Eye Care Workforce Model was created as a continuous time compartment model with explicit workforce stocks using system dynamics.
The Singapore Eye Care Workforce Model was created as a continuous time compartment model with explicit workforce stocks using the systems modeling methodology of system dynamics [ 6– 8].
Strong political will and bold policy initiatives, dedicated workforce planning and educational endeavours have all contributed to help Oman to develop its health workforce stocks and gain self-reliance.
Source: Annual Health Information Report 2007, Ministry of Health However, these gains in workforce stocks were not achieved at the cost of loss in workforce self-reliance, as is apparent from Table 3.
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