Question: Instructions 1. Read the exercise and evaluate the employee demand for the next year using ratio analysis technique. 2. Based on the table provided below

Instructions 1. Read the exercise and evaluate the employee demand for the next year using ratio analysis technique. 2. Based on the table provided below estimate the HR supply for each ofthe position by developing a Markov analysis matrix. Please consider the probabilities of promotions and retirement probabilities in your calculations. 3. Calculate the overall forecast for each of the positions and make a conclusion on expected surplus or shortage. Based on your calculations answer questions 4.1 and 4.2 4.1. How many employees would the bank need to meet the demands for the next year? 4.2.Conduct a needs analysis by comparing the forecasted HR supply and HR demand. What levels have a surplus and what levels have a shortage? 5. Write a 3-page essay on possible solutions to address the following issues (please consider these are forecasted, not current shortage or surplus): 5.1. labour surplus forecasted for XXX positions; 5.2. Labour shortage for XXX positions

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