Complete the forecasting and gap analysis stage of the HR planning process. 1. Complete the highlighted...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Complete the forecasting and gap analysis stage of the HR planning process. 1. Complete the highlighted areas in the Markov analysis below to forecast availabilities for the next year, by job category. The notes below the table will assist you in doing this. In Table 1 below, the first column presents the job category held by any employee in the previous year (pre-pended by a P to represent the previous year), and each additional column represents the probability of an holding the same or a different position in the current year (pre-pended with a C for current year). Markov Analysis Table 1: Transition Probability Matrix Previous Title year P1 P2 P3 P4 P5 P2 P3 Previous Title year P1 P4 P5 Total . Store Associate Shift Leader I . T Department Manager Assistant Store Manager Store Manager 0 (7 Store Associate Shift Leader 0.53 0 Department Manager Assistant Store Manager Store Manager Forecasted Availability by Job 0 0 Current Workforce 8,500 1.200 850 150 (2 50 0.06 0.50 0 0 0 CI 4,505 0 0 Using Table 1 as a reference, calculate and complete the highlighted cells marked with letters in square brackets (such as [A] in the appropriate fields in the table. The last row represents the total from each column. Table 2: Forecast of Availabilities 0 0 4,505 C3 C2 ( 0.16 0.58 0.06 ( 510 600 0 0 1,110 C4 C3 4,505 = 0.53 x 8,500 (Number of current store associates) 510 = 0.06 x 8,500 (Number of current store associates) 600 = 0.50 x 1,200 (Number of shift leaders) 493 0.58 x 850 (Number of department managers) 0 0 0.12 0.46 0 0 [A] 493 [C] [G] C4 2 CS 0 0 0 0.08 [H] 0.66 0 0 [B] [D] 0 CS 0 0 0 Exit [E] [F] [4] 0.41 0.34 0.30 0.40 Note: The information below shows the calculations behind the numbers in the already completed cells of the Markov analysis. Similar calculations will allow you to complete the table. 0.34 Exit 3,485 2. Complete the highlighted cells marked with letters in square brackets (such as [A]) of the gap analysis below, using information from the Markov analysis above, to determine where shortages are likely to occur in the next year. The rows in column one list the forecasted requirements, forecasted availabilities, and gaps. Column two describes information for Job 1. Column three describes information for Job 2. Column four will describe information for Job 3. Column five will describe information for Job 4. Colum six will describe information for Job 5. Please note Tanglewood expects to have no changes in HR requirements for job categories next year Forecasted requirements = current workforce level, as reported in the Markov analysis in Part 1 O Gap Analysis Forecasted Requirements Assume equal to current workforce levels Forecasted Availabilities "Forecasted Availabilities by Job" from the Markov analysis Gaps Shortage (-) Surplus (+) Job 1 8,500 4,505 -3,995 Job 2 1,200 1,110 [G] Job 3 [D] [H] Job 4 [B] [E] [1] Job 5 [C] [F] [J] Part B. Although you do not have all the information needed to develop detailed action plans, you should be able to provide informed recommendations on staffing alternatives to Tanglewood, based on the information included in Case 1 and Case 2. 1. Choose a job category with a forecasted shortage or surplus and identify it by its title 2. Provide one quantitative objective for the job category you selected. (Quantitative objectives refer to headcount shortage or the surplus see gaps above.) 3. Recommend two staffing alternatives that Tanglewood should consider to address the objective you identified. Ilint: see textbook chapter 3 on staffing alternatives. 4. Support your recommendations by discussing why the identified staffing alternatives make sense, given the information you have available. This includes, but is not limited to, the company's business strategy, desired culture, and external threats. Your recommendations must align with relevant facts provided in Case 1 and Case 2. Support your answers with evidence/facts from the case. NOTE: A "menu" of the staffing alternatives to consider is provided in Exhibit 3.14 in your textbook, Staffing Organizations Provide your answers on the form below. RESPONSE FORM Part B: Staffing Alternatives Job Category Selected: Quantitative Objective-(shortage or surplus): Two Recommendations: 1. Staffing alternative: Rationale: 2. Staffing alternative: Rationale: Name: Complete the forecasting and gap analysis stage of the HR planning process. 1. Complete the highlighted areas in the Markov analysis below to forecast availabilities for the next year, by job category. The notes below the table will assist you in doing this. In Table 1 below, the first column presents the job category held by any employee in the previous year (pre-pended by a P to represent the previous year), and each additional column represents the probability of an holding the same or a different position in the current year (pre-pended with a C for current year). Markov Analysis Table 1: Transition Probability Matrix Previous Title year P1 P2 P3 P4 P5 P2 P3 Previous Title year P1 P4 P5 Total . Store Associate Shift Leader I . T Department Manager Assistant Store Manager Store Manager 0 (7 Store Associate Shift Leader 0.53 0 Department Manager Assistant Store Manager Store Manager Forecasted Availability by Job 0 0 Current Workforce 8,500 1.200 850 150 (2 50 0.06 0.50 0 0 0 CI 4,505 0 0 Using Table 1 as a reference, calculate and complete the highlighted cells marked with letters in square brackets (such as [A] in the appropriate fields in the table. The last row represents the total from each column. Table 2: Forecast of Availabilities 0 0 4,505 C3 C2 ( 0.16 0.58 0.06 ( 510 600 0 0 1,110 C4 C3 4,505 = 0.53 x 8,500 (Number of current store associates) 510 = 0.06 x 8,500 (Number of current store associates) 600 = 0.50 x 1,200 (Number of shift leaders) 493 0.58 x 850 (Number of department managers) 0 0 0.12 0.46 0 0 [A] 493 [C] [G] C4 2 CS 0 0 0 0.08 [H] 0.66 0 0 [B] [D] 0 CS 0 0 0 Exit [E] [F] [4] 0.41 0.34 0.30 0.40 Note: The information below shows the calculations behind the numbers in the already completed cells of the Markov analysis. Similar calculations will allow you to complete the table. 0.34 Exit 3,485 2. Complete the highlighted cells marked with letters in square brackets (such as [A]) of the gap analysis below, using information from the Markov analysis above, to determine where shortages are likely to occur in the next year. The rows in column one list the forecasted requirements, forecasted availabilities, and gaps. Column two describes information for Job 1. Column three describes information for Job 2. Column four will describe information for Job 3. Column five will describe information for Job 4. Colum six will describe information for Job 5. Please note Tanglewood expects to have no changes in HR requirements for job categories next year Forecasted requirements = current workforce level, as reported in the Markov analysis in Part 1 O Gap Analysis Forecasted Requirements Assume equal to current workforce levels Forecasted Availabilities "Forecasted Availabilities by Job" from the Markov analysis Gaps Shortage (-) Surplus (+) Job 1 8,500 4,505 -3,995 Job 2 1,200 1,110 [G] Job 3 [D] [H] Job 4 [B] [E] [1] Job 5 [C] [F] [J] Part B. Although you do not have all the information needed to develop detailed action plans, you should be able to provide informed recommendations on staffing alternatives to Tanglewood, based on the information included in Case 1 and Case 2. 1. Choose a job category with a forecasted shortage or surplus and identify it by its title 2. Provide one quantitative objective for the job category you selected. (Quantitative objectives refer to headcount shortage or the surplus see gaps above.) 3. Recommend two staffing alternatives that Tanglewood should consider to address the objective you identified. Ilint: see textbook chapter 3 on staffing alternatives. 4. Support your recommendations by discussing why the identified staffing alternatives make sense, given the information you have available. This includes, but is not limited to, the company's business strategy, desired culture, and external threats. Your recommendations must align with relevant facts provided in Case 1 and Case 2. Support your answers with evidence/facts from the case. NOTE: A "menu" of the staffing alternatives to consider is provided in Exhibit 3.14 in your textbook, Staffing Organizations Provide your answers on the form below. RESPONSE FORM Part B: Staffing Alternatives Job Category Selected: Quantitative Objective-(shortage or surplus): Two Recommendations: 1. Staffing alternative: Rationale: 2. Staffing alternative: Rationale: Name:
Expert Answer:
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
Posted Date:
Students also viewed these accounting questions
-
Complete the highlighted areas in the Markov analysis below to forecast availabilities for the next year, by job category. The notes below the table will assist you in doing this. Transition...
-
For a Markov chain with each of the transition probability matrices in (a)( c), find the communicating classes and the periodicity of the various states. (a) (b) (c) 0 1001-3 0 0 1-2 1-3 011-2 1-3...
-
You are a store manager for a large, regional department store chain. Company headquarters has asked you to submit an evaluation of your assistant managers performance. The company is considering...
-
Problem 3: Dorado and Maya are the children of Jess and Sabel. In November 2000 Sabel died intestate leaving P2,000,000 estate before P1,000,000 deductions and P15,000 estate tax. How would the...
-
Describe the purpose of each of the four primary financial statements.
-
In Exercises 18, write the augmented matrix for each system of linear equations. 2w5x3y + z = 2 3x + y = 4 W w x + 5y = 9 5w5x2y = 1
-
Express the magnetic field due to a uniformly moving charged particle in terms of the electric field of the particle and its velocity.
-
Worldwide, over a billion solder balls must be manufactured daily for assembling electronics packages. The uniform droplet spray method uses a piezoelectric device to vibrate a shaft in a pot of...
-
1. What is a data structure? 2. Why do we need data structures? 3. List some common data structures. 4. How data structures are classified? 5. Differentiate linear and non-linear data structure.
-
A pipe carrying steam through a section of a factory vibrates violently when the driving pump hits a speed of 300 rpm. (See Figure P5.34.) In an attempt to design an absorber, a trial 9-kg absorber...
-
Could you offer a succinct overview of a significant quality-related challenge encountered within your organization? Explain
-
Requirement 1. Prepare a production cost report for the Mixing Department for March. Round equivalent unit of production costs to four deci per unit amounts to four decimal places. Abbreviations...
-
EECE 3225 Isaistool 7. Programming Assignment #2tiu d bolo laman Hint: you can single out particular bits using the binary bitwise and operator &: x = PORTC; if ((PORTC & 0b00000100) != 0) {...
-
TCP and UDP UDP and TCP are part of the Transport Layer of the TCP/IP Model ( or Layer 4 of the OSI Model ). They are both transportation layer protocols that perform similar task but in different...
-
With the assumptions below, create a Proforma and 10 year Discounted Cash Flow model based on the following assumption and answer the questions below. Assume to cost of capital for the equity portion...
-
Question 2 [35 points] CSP- Search Consider a CSP, where there are eight variables A, B, C, D, E, F, G, H, each with domain {1, 2, 3, 4). Suppose the constraints are: A>G |G-C| = 1 D != C G != F...
-
Seller is selling a piece of land that she has owned for the last three years she originally paid 15,000 for the land is now selling for 32,000 and will pay $2000 in closing costs what will be the...
-
Consider the discrete group G of order 8 that has the following Cayley diagram e If we have the sequence of operations: fcagec, which of the options represents the reduction of the sequence to a...
-
For each of the following constraints of pure BIP problems, use the constraint to fix as many variables as possible: (a) 4x1 + x2 + 3x3 + 2x4 2 (b) 4x1 x2 + 3x3 + 2x4 2 (c) 4x1 x2 + 3x3 + 2x4 7
-
Suppose that there exist three different types of components, with two units of each type. Each unit operates independently, and each type has probability pi of performing successfully. Either one or...
-
Consider the following problem. Maximize Z = 2x1 + 3x2. Subject to and x1 0, x2 0. (a) Solve this problem graphically. (b) Using the Big M method, construct the complete first simplex tableau for...
-
Financial items for George Karatsis IT Services on 31 May 2024 are presented below in alphabetical order. Required (a) Prepare a statement of financial position similar to the one in figure 2.2. (b)...
-
Rebecca Tallance operates a rent a dress business from her home. She keeps her accounting records for business activities completely separate from her records for personal activities. At 30 June...
-
During the year ended 30 June 2024, Skilled Services, a provider of temporary secretary personnel, had collected receipts from clients for a total value of \($250000.\) Wages of \($136000\) had been...
Study smarter with the SolutionInn App