Respond to the Markov Analysis and Forecasting application on pages 143-144 of the textbook. Provide answers to all three (3) questions. Helpful information can be found in the Markov Analysis section and Exhibit 3.9 in the text. Please remember that charts require identifiers for both rows and columns. DO NOT USE MATERIAL PREVIOUSLY DEVELOPED AND PUBLISHED BY OTHERS. THIS IS TO BE YOUR SOLUTION. 1. Describe the internal labor market of the company in terms of job stability (staying in the same job), promotion paths and rates, transfer paths and rates, demotion paths and rates, and turnover (exit) rates. Transition probabilities matrix chart for Doortodoor Sports Equipment Company reflects that the company has a 5% to 35% job turnover rate. Consequently, the turnover rates are seen among Sales Associates full-time the lowest and the highest rates with the Regional Sales Managers. Therefore, the rates determine that the job stability rate is good for Doortodoor Sports Equipment Company. …show more content…
This demonstrates that the company is not quick to just promote a sales associate to regional sales manager and this allows for a steady rise in the company. Also, the chart displays that 10% of the Assistant Sales Managers are promoted from sales associates. There are zero promotions to Regional Sales Managers because they seem to get in the position and remain in that position. Transfers exist between the full-time and part-time sales associates. Demotion paths and rates happened on level one positions between the part-time and full-time sales associates. 2. Forecast the numbers available in each job category in 2016. Category Last year 2015 SF SP Assist Sales Mgr. Region. Sales Mgr. SF 500 250 50 25