Question: MARKOV ANALYSIS # 1 MARKOV ANALYSIS # 2 TRANSITION PROBABILITY MATRIX TRANSITION PROBABILITY MATRIX START START OF YEAR END OF YEAR OF YEAR END OF

MARKOV ANALYSIS #1 MARKOV ANALYSIS #2
TRANSITION PROBABILITY MATRIX TRANSITION PROBABILITY MATRIX
START START
OF YEAR END OF YEAR OF YEAR END OF YEAR
JOB A JOB B JOB C JOB D EXIT JOB A JOB B JOB C JOB D EXIT
JOB A 80%10%5%0%5% JOB A 80%10%5%0%5%
JOB B 10%70%0%10%10% JOB B 10%70%0%10%10%
JOB C 0%0%90%5%5% JOB C 0%0%90%5%5%
JOB D 0%0%0%90%10% JOB D 0%0%0%90%10%
EXPECTED MOVEMENTS OF EMPLOYEES EXPECTED MOVEMENTS OF EMPLOYEES
END OF YEAR END OF YEAR
INITIAL # OF INITIAL # OF
EMPLOYEES JOB A JOB B JOB C JOB D EXIT EMPLOYEES JOB A JOB B JOB C JOB D EXIT
JOB A 2001602010010 JOB A 1,4781,18214874074
JOB B 70749077 JOB B 8868962008989
JOB C 60005433 JOB C 592005333030
JOB D 1000009010 JOB D 1,017000915102
PREDICTED # PREDICTED #
OF EMPLOYEES OF EMPLOYEES
AT YEAR END 430167696410030 AT YEAR END 3,9731,2717686071,034294 What is the Markov Analysis telling you in terms of supply? Are there any areas of concern or gaps? What are the external hiring needs and/or gap strategies that may
be employed?

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!