Question: For the store manager group, you will analyze the information and prepare a report showing the results of the Markov analysis and the EEO investigation.

For the store manager group, you will analyze the information and prepare a report showing the results of the Markov analysis and the EEO investigation. The Director asked you to address these questions in your written report:

  1. Currently the organization expects that their forecast for labor requirements is essentially constant from the previous year. Based on this assumption complete the five stages of the planning process:
    1. Currently the organization expects that their forecast for labor requirements is essentially constant from the previous year. This means the forecast for next year will be taken as given.
    2. Fill in the empty cells in the forecast of labor availabilities in Table 1.1.
    3. Conduct an environmental scan. Based on the environmental data, what factors in the environment suggest Tanglewood might have difficulty filling their vacancies in the future?
    4. Compute year end totals for each job in Table 1.1 and do a gap analysis to determine where shortages will occur in the next year.

I really need help understanding B.

For the store manager group, you will analyze the information and prepare

Table 1.1 Markov Analysis Information \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline \multirow{2}{*}{\multicolumn{3}{|c|}{ Transition probability matrix }} & \multicolumn{6}{|c|}{ Current year } \\ \hline & & & 1 & 2 & 3 & 4 & 5 & Exit \\ \hline & \multicolumn{2}{|l|}{ (l) Store associate } & 0.53 & 0.06 & 0 & 0 & 0 & 0.41 \\ \hline & \multicolumn{2}{|l|}{ (2) Shift leader } & 0 & 0.5 & 0.16 & 0 & 0 & 0.34 \\ \hline & \multicolumn{2}{|l|}{ (3) Department manager } & 0 & 0 & 0.58 & 0.12 & 0 & 0.3 \\ \hline & \multicolumn{2}{|l|}{ (4) Assistant store manager } & 0 & 0 & 0.06 & 0.46 & 0.08 & 0.4 \\ \hline & \multicolumn{2}{|l|}{ (5) Store manager } & 0 & 0 & 0 & 0 & 0.66 & 0.34 \\ \hline \multirow{2}{*}{\multicolumn{3}{|c|}{ Forecast of availabilities }} & \multicolumn{6}{|c|}{ Next year (projected) } \\ \hline & & & 1 & 2 & 3 & 4 & 5 & Exit \\ \hline . & & \begin{tabular}{c} Current \\ Workforce \end{tabular} & & & & & & \\ \hline & (l) Store associate & 8,500 & 4505 & 510 & 0 & 0 & 0 & 3,485 \\ \hline & (2) Shift leader & 1,200 & 0 & 600 & 192 & & & 408 \\ \hline & (3) Department manager & 850 & 0 & & 493 & 102 & & 255 \\ \hline & (4) Assistant store manager & 150 & 0 & & 9 & 69 & 12 & 60 \\ \hline & (5) Store manager & 50 & 0 & & & & 33 & 17 \\ \hline & & & 4505 & 1110 & 502 & 171 & 45 & 332 \\ \hline \multicolumn{3}{|c|}{ Gap analysis } & \multicolumn{6}{|c|}{ Next year (projected) } \\ \hline & & 1 & 2 & 3 & 4 & 5 & \\ \hline & \multirow{2}{*}{\multicolumn{2}{|c|}{\begin{tabular}{|l|} Year end total \\ (column sum) \end{tabular}}} & & & & & & \\ \hline & & & 4,505 & 1,110 & 502 & 171 & 45 & 332 \\ \hline & \multirow{2}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} External hires needed \\ (current workforce-total) \\ \end{tabular}}} & & & & & & \\ \hline & & & 3,995 & 90 & 348 & -21 & 105 & -282 \\ \hline & & & 3995 & 90 & 348 & -21 & 105 & -282 \\ \hline & & & & & & & & \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!