Answer Happy

Transitional Matrix Analysis
1. What is the the percentage of turnover of store associates as
shown on this matrix?
2. Next year, it is estimated that how many department managers
will be promoted to assistant store manager?
3. Why does the company need only 90 more shift leaders
Table 1.1 Markov Analysis Information Transition probability matrix (1) Store associate (2) Shift leader (3) Department manager (4) Assistant store manager (5) Store manager Previous Forecast of availabilities (1) Store associate (2) Shift leader (3) Department manager (4) Assistant store manager (5) Store manager Year end total (column sum) External hires needed (current workforce-total) Previous Gap analysis Current Workforce 8,500 1,200 850 150 50 Current year (1) (2) (3) (4) (5) Exit 0.53 0.06 0.00 0.00 0.00 0.41 0.00 0.50 0.16 0.00 0.00 0.34 0.00 0.00 0.58 0.12 0.00 0.30 0.00 0.00 0.06 0.46 0.08 0.40 0.00 0.00 0.00 0.00 0.66 0.34 Next year (projected) (1) (2) (3) (4) (5) Exit 4505 510 0 0 0 3485 0 600 192 0 408 0 0 493 102 0 255 0 0 69 12 60 0 0 0 0 33 17 Next year (projected) (1) (2) (3) (4) (5) 4505 1110 694 171 45 3995 90 156 -21 5