Forecasting Labor Supply and Demand This activity is important because trends and events that impact the economy also create opportunities and challenges forecasting the optimal number of human resources in an organization at any given time. The keys to utilizing labor markets for the organization's own competitive advantages are (1) to have a clear idea of the strengths and weaknesses of its existing internal labor forco. (2to be aware of where the company is going in the future and how the current configuration of human resources relates to what it will need in the future, and to know where discrepancies exist between current stalling levels and those needed in the future to moot organizational goals The first step in the human resource planning process is forecasting, Forecasting is an attompt to determine the supply and demand for various types of human resources to predict within the organization where there will be future labor shortages and surpluses Historical statistical models and judgmontal techniques are used for forecasting labor supply and demand. One type of statistical procedure that can be used for this purpose is the analysis of a transitional matrix, which is a chart that lists job categories held in one period and shows the proportion of omployees in each of those same categories in a future period. The goal of this activity is to complete the transitional mate to forecast labor supply and demand for several marketing positions within an organization Rollover each of the items below to read about the proportion of marketing employees at different times. Then drag each dem into the correct position in the matrix Year 2018 Apprentice Rep Promotion Manager Rep Demotion Sales Tap Sales Apprentice Not in Organization Rep New Hire Manager Manager Tumover Mara Rep Position Man Arena Den 2015 Rep A Manager M Manager Post Sales Apprentice Apprentice Rep Turnover Not in Organization Res Manager Promotion Res Apprentice Domotion Apprentice Potion Manager New Hine Apprentice Tumorer Reset Chp