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Monte Carlo Method – The HR Scenario Simulator!
HR decisions are full of uncertainty. Attrition, salary budgets, hiring plans — nothing is ever exact. Instead of betting on one number, what if you could explore thousands of possible futures?
That’s what the Monte Carlo Method does. It runs endless simulations to show you the best case, worst case, and most likely case — turning uncertainty into a map.
✨ Why HR should use it:
* Captures uncertainty rather than ignoring it.
* Provides probability ranges, not just averages.
* Helps leaders make smarter, risk-aware decisions.
👉 HR Use Case:
An HR team forecasts attrition:
* Traditional estimate: 15% turnover.
* Monte Carlo simulation: shows attrition could be as low as 10% or as high as 22%, with the most likely outcome ~16%.
* Now HR can prepare for all scenarios, not just one.
💡 Monte Carlo turns uncertainty into a strategic advantage for HR.
