Question: Using the transitional matrix below, answer the following question: What is the number of shift leaders who were promoted? Markov Analysis Information Exit Transition probability

Using the transitional matrix below, answer the

Using the transitional matrix below, answer the following question: What is the number of shift leaders who were promoted? Markov Analysis Information Exit Transition probability matrix (1) Store associate (2) Shift leader (3) Department manager (4) Assistant store manager (5) Store manager (1) 0.53 0.00 0.00 0.00 0.00 (2) 0.06 0.50 0.00 0.00 0.00 Current year (3) 0.00 0.00 0.16 0.00 0.58 0.12 0.06 0.46 0.00 0.00 (5) 0.00 0.00 0.00 0.08 0.66 0.41 0.34 0.30 0.40 0.34 Forecast of availabilities Next year (projected) (2) (3) (5) (1) Exit 0 0 4505 0 Current Workforce 8,500 1,200 850 150 50 (1) Store associate (2) Shift leader (3) Department manager (4) Assistant store manager (5) Store manager Gap analysis 0 510 600 0 0 0 0 192 493 9 0 0 102 69 0 0 0 12 33 3485 408 255 60 17 0 0 Next year (projected) (2) (3) (5) (1) Year-end total (column sum) 4505 1110 694 171 45 3995 90 156 -21 5 External hires needed (current workforce-total) 192 102 600 O 33 O Which of the following workforce plans is advisable for planning for assistant store managers next year? (Remember that with your decision, the department store would like to keep a positive environment, reduce turnover when possible and meet needed staffing levels.) Markov Analysis Information Transition probability matrix (1) Store associate (2) Shift leader (3) Department manager (4) Assistant store manager (5) Store manager (1) 0.53 0.00 0.00 0.00 0.00 (2) 0.06 0.50 0.00 0.00 0.00 Current year (3) (4) 0.00 0.00 0.16 0.00 0.58 0.12 0.06 0.46 0.00 0.00 (5) 0.00 0.00 0.00 0.08 0.66 Exit 0.41 0.34 0.30 0.40 0.34 Forecast of availabilities Next year (projected) (2) (3) (4) (5) (1) Exit (1) Store associate (2) Shift leader (3) Department manager (4) Assistant store manager (5) Store manager Gap analysis Current Workforce 8,500 1,200 850 150 50 4505 0 0 0 0 510 600 0 0 0 0 192 493 9 0 0 0 102 69 0 0 0 0 12 33 3485 408 255 60 17 (1) Next year (projected) (2) (3) (5) 1110 694 171 45 Year-end total (column sum) 4505 3995 90 156 -21 5 External hires needed (current workforce-total) Allowing for natural attrition Demoting several individuals to department managers Reducing pay for this employee group Hiring temporary employees to meet seasonal needs Required overtime, but used sparingly Which of the following is an accurate statement (based on number not percentage)? Markov Analysis Information Transition probability matrix (1) Store associate (2) Shift leader (3) Department manager (4) Assistant store manager (5) Store manager (1) 0.53 0.00 0.00 0.00 0.00 (2) 0.06 0.50 0.00 0.00 0.00 Current year (3) (4) 0.00 0.00 0.16 0.00 0.58 0.12 0.06 0.46 0.00 0.00 (5) 0.00 0.00 0.00 0.08 0.66 Exit 0.41 0.34 0.30 0.40 0.34 Forecast of availabilities Next year (projected) (2) (3) (5) (1) Exit 0 0 4505 0 0 510 600 Current Workforce 8,500 1,200 850 150 50 0 192 493 0 (1) Store associate (2) Shift leader (3) Department manager (4) Assistant store manager (5) Store manager Gap analysis 0 0 102 69 0 3485 408 255 60 17 0 0 0 0 0 12 33 9 0 Next year (projected) (2) (3) (4) (5) (1) Year-end total (column sum) 4505 1110 694 171 45 3995 90 156 -21 5 External hires needed (current workforce-total) The company needs to hire more department managers than shift leaders next year. Next year the company needs to hire 4505 new store associates The most frequent promotion is that of shift leader into department manager More assistant store managers are demoted rather than promoted Store managers have the highest percentage of turnover

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