Building a Robust Labor Market Network: Leveraging Machine Learning for Enhanced Workforce Insights
摘要
This study proposes an innovative framework for building up a resilient labor market network through the utilization of powerful machine learning algorithms used for valuable insights extraction from employees’ data. To this end, transform customary employee attributes like job titles and departments, employment status, and tenure into structured formats that improve predictive modeling capabilities. Making use of SVMs, we classify the employees based on their long-term retention potential and build optimal decision boundaries between different segments of employees. This is complemented by using Gradient Boosting (XGBoost) to identify hidden or non-linear relations in the data that indicate workforce trend predictions aligned with career development and employee turnover. Integrating the techniques in such a manner does not only increase its potential to enhance talent management and workforce planning but also provide actionable insights to marketing teams on employee engagement and retention strategies. The results thus show the potential of machine learning in further refinement of labor market analytics, thereby preparing organizations to make strategic, data-informed decisions that enhance both workforce efficiency and their marketing efforts.