Question: The Pharma-Cee is a pharmaceutical company whose lab is located in Mississauga, Ontario, Canada. The company's pharmaceutical scientists will be in high demand in 2022,

The Pharma-Cee is a pharmaceutical company whose lab is located in Mississauga, Ontario, Canada. The company's pharmaceutical scientists will be in high demand in 2022, as a result of Covid-19. As HR planners at Pharma-Cee, you and your colleagues have analyzed the movements of these scientists based on transitional probabilities, i.e. you calculated the percentages using information from previous years. The supply and expected movement for 2022 for each position has already been worked out.

(Note: The number of employees in each role has been rounded and are in brackets. Transitional percentages have also been provided. No calculations needed.)

32(a) Review the Markov analysis below and advise your organization on the number of pharmaceutical scientists that will be available in 2022 and where they will/can come from within your organization. Please explain your reasoning. Numbers only are NOT enough.

AND

32(b) Briely outline two retention strategies that Pharma-Cee can use to ensure that there will be enough pharmaceutical scientists available in 2022 and beyond so the company can create, test and manufacture Covid-19 and other vaccines. This should be based on your review of the data below.

Markov Table

2022

No. of employees in job in 2020

Lead Pharmaceutical Scientist

Pharmaceutical Scientist 2

Pharmaceutical Scientist 1

Apprentice Level 2

Apprentice Level 1

Exit

Lead Pharmaceutical Scientist

12

90% (11)

10% (1)

Pharmaceutical Scientist 2

36

11% (4)

83% (30)

6% (2)

Pharmaceutical Scientist 1

96

11% (11)

66% (63)

8% (8)

15% (14)

Apprentice Level 2

288

10% (29)

72% (207)

2% (6)

16% (46)

Apprentice Level 1

1440

6% (86)

74% (1066)

20% (288)

Forecasted Supply

15

41

92

301

1072

351

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