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Directions
Using the following transition probabilities table, complete the Markov Analysis Matrix Table for JC’s Cookies by doing the following:
Calculate the number of employees expected to be available in each job category at the end of this year.
Calculate the forecasted surplus or shortage for each job. Complete the remainder of the second table: the Markov Analysis Table. (Below is an example of how to do this):
If 65% of the full-time sales employees are staying with the organization, (from the first table), the number of projected employees staying in full-time sales is: 91. (This # goes in the second table) 15% of the full-time sales staff are projected to move to part-time positions (from the first table), the number of projected employees moving from full-time to part-time sales is: 6. (This goes in the second table). Once you complete the first column, add up the total and subtract from the total full-time sales employees (140-100.25)=39.25. This means there is a projected shortage of 39.25 full-time sales associates.
Complete the rest of the columns for surplus/shortages…
Transition Probabilities for JC’s Cookies
JOBS:
CSR Full Time
CSR Part Time
Store Managers
Bakers
Leave JC’s Cookies
Total Employees End of Year
CSR Full Time
0.65
0.10
0.05
0.05
0.15
140
CSR Part Time
0.15
0.40
0.00
0.05
0.4
40
Store Managers
0.05
0.15
0.65
0.05
0.10
15
Bakers
0.05
0.05
0.05
0.70
0.15
50
Expected Movement of Employees (Markov Analysis)
AND Surplus & Shortages for JC’s Cookies
JOBS:
CSR Full Time
CSR Part Time
Store Managers
Bakers
Current Total # Employees End of this Year
CSR Full Time
91.00
14.00
7.00
complete
140
CSR Part Time
6.00
16.00
0.00
complete
40
Store Managers
0.75
(.15*15)=2.25
complete
complete
15
Bakers
2.50
complete
complete
complete
50
Totals:
100.25
complete
complete
complete
245
Shortage or
Surplus
-39.75
short
complete
complete
complete
————–
Must include:
Minimum 3 pages
Minimum 2 scholarly outside sources, or professional periodicals, e.g. Harvard Business Review published within the last two years.
APA format
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