Question: Use the data shown in table A-5 on p.559(5th edition) to conduct an internal labor demand forecast for Chern's. If you forecast a gap (shortage
Use the data shown in table A-5 on p.559(5th edition) to conduct an internal labor demand forecast for Chern's. If you forecast a gap (shortage or surplus), determine whether the gap is temporary or permanent and make some recommendations for Ann and Ryan Chern to address the gap based on the textbook (chapter 5). Worth 10 points. Due: Friday (9/26). Please submit your work in the format of a memo in which you interpret the forecast based on the transition probability matrix provided. If you use AI, please provide the prompt or prompts in an attached file with the table showing your calculations.542 Strategic StaffingTABLE A-5-The Transition Probability Matrix for Chern's (Based on the Last 3 Years)\table[[Job Category,\table[[Job],[Level]],FTSA (%),PTSA (%),ADM (%),DM (%),Exit (%),\table[[Current Number of],[Employees]]],[\table[[Full-time sales associate],[(FTSA)]],1,50,15,5,0,30,15,120],[\table[[Part-time sales associate],[(PTSA)]],1,30,50,2,0,18,3,780],[\table[[Assistant department],[manager (ADM)]],2,5,0,75,14,6,3,780],[Department manager (DM),3,0,0,0,65,35,1,210]]TABLE A-6College hiEmployeeCherns.cSearch fWalk-inNow research the employment trends of retail sales workers using the U.S. Depart ment of Labor Bureau of Labor Statistics website at www.bls.gov and other resources you identify. Consider this information when forecasting future gaps or surpluses. You might also consider targeted skill sets or demographics and determine if you can obtain information about skill or demographic trends in your targeted area.If you forecast a gap between the anticipated supUse the data shown in table A-5 on p.559(5th edition) to conduct an internal labor demand forecast for Chern's. If you forecast a gap (shortage or surplus), determine whether the gap is temporary or permanent and make some recommendations for Ann and Ryan Chern to address the gap based on the textbook (chapter 5). Worth 10 points. Due: Friday (926). Please submit your work in the format of a memo in which you interpret the forecast based on the transition probability matrix provided. If you use AI, please provide the prompt or prompts in an attached file with the table showing your calculations.ply of qualified sales associates and
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