Markov Analysis

Only available on StudyMode
  • Download(s) : 1493
  • Published : March 23, 2013
Open Document
Text Preview
1. Describe the internal labor market of the company in terms of job stability (staying in same job), promotion paths and rates, transfer paths and rates, demotion paths and rates, and turnover (exit) rates. Transition Probabilities for 2010-2011

Sales, Full-time
1. 50% stayed the same
2. 10% transferred to part-time status
3. 5% were promoted to Asst. Sales Mgr.
4. 0% were promoted to Regional Sales Mgr.
5. 35% left the organization
Sales, Part-time
1. 5% transferred to full-time status
2. 60% stayed the same
3. 10% were promoted to Asst. Sales Mgr.
4. 0% were promoted to Regional Sales Mgr.
5. 25% left the organization
Asst. Sales Mgr.
1. 5% were demoted to full-time sales
2. 0% were demoted to part-time sales
3. 80% stayed the same
4. 10% were promoted to Regional Sales Mgr.
5. 5% left the organization
Region Sales Mgr.
1. 0% transferred to another job
2. 70% Stayed the same
3. 30% left the organization
2. Forecast the numbers available in each job category in 2013. Job 2012 Category Employees SF SP ASM RSM TOTAL EXIT

Sales Full-time (SF) 500 250 50 25 0 325 175 Sales Part-time (SP) 150 7.5 90 15 0 112.5 37.5 Asst. Sales Mgr. (ASM) 50 2.5 0 40 0 47.5 2.5 Region Sales Mgr. (RSM) 30 0 0 0 21 21 9

Work

Sales Full-Time (SFT) Sales Part-Time(SPT) Asst. Sales Mgr(ASM) Reg Sales Mgr a.) .50 x 500 = 250 b.) .05 x 150 = 7.5 c.) .05 x 50 = 2.5 d.) .70 x 30 = 21 .10 x 500 = 50 .60 x 150 = 90...
tracking img