Preview

Markov case study

Satisfactory Essays
Open Document
Open Document
250 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Markov case study
Markov Analysis and Forecasting The Doortodoor Sports Equipment Company sells sports clothing and equipment for amateur, light sport (running, tennis, walking, swimming, badminton, golf) enthusiasts. It is the only company in the nation that does this on a door‐to door basis, seeking to bypass the retail sporting goods store and sell directly to the customer. Its salespeople have sales kits that include both sample products and a full line catalog they can use to show and discuss with customers. The sales function is composed of full‐time and part time salespeople (level 1), assistant sales managers (level 2), and regional sales managers (level3). The company has decided to study the internal movement patterns of people in the sales function, as well as to forecast their likely availabilities in future time periods. Results will be used to help identify staffing gaps (surpluses and shortages) and to develop staffing strategy and plans for future growth.
To do this, the HR department first collected data for 2010 and 2011 to construct a transition probability matrix, as well as the number of employees for 2012 in each job category. It then wanted to use the matrix to forecast availabilities for 2013. The following data were gathered:

Based on the above data:
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.
2. Forecast the numbers available in each job category in 2013.
3. Indicate potential limitations to your forecasts.

You May Also Find These Documents Helpful

  • Good Essays

    Case Fastfit Q7-11

    • 879 Words
    • 4 Pages

    FastFit Sporting Goods is a successful New England regional supplier of sporting goods to the high end consumer market. They sell an exclusive selection of equipment and apparel to men and women who exercise and pursue outdoor activities on a regular basis. They operate five (5) upscale retail stores in the New England market that offer a high level of customer attention, with a headquarters (HQ) is in Burlington, Massachusetts, and a single warehouse, distribution, and eCommerce fulfillment center in Haverhill, Massachusetts. Most of their products are purchased from two suppliers, Winter Gear Distributers outside of Providence, Rhode Island, and Boston Fitness Supplies in Marlboro, Massachusetts. FastFit has expanded successfully in the New England area over the past five years. However to expand nationally as a major retailer, they need to improve the scalability of their operations (stores and warehouses). A key part of their strategy is to leverage information systems to automate and improve operations, to strengthen management controls, and to enable significant growth while maintaining the “high touch” customer experience. A diagram of their complete non-Web based operations follows. See figure 1.…

    • 879 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Tanglewood Case 6 Paper

    • 627 Words
    • 3 Pages

    Tanglewood has an ongoing history of inconsistent staffing practices. The company experiences high turnover rates due to employees’ suboptimal work, negligence of the organization’s culture, and difficulty working in teams (Kammeyer-Mueller, 26). To begin with, when comparing the two tables, it is apparent that the proposed method is more inclusive in terms of data/information than the Traditional Selection Method. Tanglewood is better off using the Proposed Method, which allows for more alternatives and data to select from. This method will enable the company to determine the criteria and characteristic needed in their future recruitment/selection for Sales Associates positions.…

    • 627 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Tanglwood Case Two

    • 1271 Words
    • 6 Pages

    You should walk through the stages of human resources planning by conducting a Markov analysis. An additional concern for this case is assessing the degree to which the organization has developed a workforce representative of the community of available employees. Unlike the first case, this case is largely quantitative, and requires you to accurately perform calculations involving human resources data.…

    • 1271 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Tanglewood Case 2

    • 1347 Words
    • 6 Pages

    After conducting the Markov Analysis, it has been determined that in order to meet projected staffing levels we will need to fill the following positions:…

    • 1347 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Tanglewood Case 1

    • 652 Words
    • 3 Pages

    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.…

    • 652 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Week 2 Hcs

    • 389 Words
    • 2 Pages

    In Week 2 the discussion was about employee relations. To identify recruitment and selection strategies and methods as part of the workforce. Understanding and differentiate between job analysis, job description, and job specification. Discussing about the process an organization uses to ensure that it has the right amount and the right kinds of people to deliver a certain level of output or services in the future. Learning of the forecasting techniques which are quantitative and qualitative, a variety of mathematically techniques has been developed to estimate labor demand and supply. Also, ensuring that the HR department has accurate job descriptions for advertised openings is helpful in ensuring that the right applicants are recruited. This reduces the need for sorting through applicants that are not qualified to perform the job duties advertised which can result in time lost, thus making the recruiter more productive in selecting qualified applicants to interview for openings. In addition to have accurate job descriptions for new recruits and new job openings, having existing positions with up to date job descriptions ensures that the existing employees are aware of job functions and aware of any new job duties that may be assigned. Business operations are constantly evolving and as a result of that, job functions may also change. It is the responsibility of the HR department to keep these job descriptions updated and implement trainings as needed.…

    • 389 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Markov Analysis

    • 461 Words
    • 2 Pages

    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.…

    • 461 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    In conclusion, Richard Wright and Zora Neale Hurston developed different views due to their different upbringings. Hurston was proud of her culture and upbringing and wanted to glorify it. As to where Wright only remembered the negative aspects of his upbringing and wanted to showcase the negative aspects. This caused a problem when Hurston wrote, Their Eyes Were Watching God, because Wright believed that it was written to please the white audience rather than telling the truth behind the racism that occurred. While this may be true, there is a good reason as to why she decided not to write in the negative manner that Wright wanted her to. That reason is the fact that she did not experience racism the same way that Wright experienced it, so…

    • 326 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Tanglewood Case 2

    • 708 Words
    • 3 Pages

    For the store manager group, you will analyze the information and prepare a report showing the results of the Markov analysis and the EEO investigation. The Director asked you to address these questions in your written report:…

    • 708 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    * Staffing- In order to make my forecasts in regards to staffing changes, I began by consulting the staff reports. I used that report to forecast…

    • 1715 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    administration

    • 3312 Words
    • 14 Pages

    2. Provide the following information in relation to your current organisation (or one that you are familiar with):…

    • 3312 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    Assignment 1

    • 464 Words
    • 2 Pages

    In 300-500 words, write a summary of your job exploration and respond to the following:…

    • 464 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    abc at abc

    • 3544 Words
    • 10 Pages

    Obtain from my SPSS Data Page the following files: KJ.sav, Poffhoff.sav, and Corr_Regr.savBivariate Analysis: Attitudes About Animals Predicted from Misanthropy…

    • 3544 Words
    • 10 Pages
    Good Essays
  • Better Essays

    Industrial Revolution

    • 1304 Words
    • 6 Pages

    Factors that have contributed to a high turnover in sales include new distribution methods that had not previously been commonly used (this includes catalogs, sale representatives and advertising). Also being also to move products more cost effectively and affordably. (Hauffe, 1998, p.12)…

    • 1304 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Question 4 External labour markets provide labour solutions/appointments which are found from outside the organisation. From the list below select the example of the internal labour market solution.…

    • 1170 Words
    • 5 Pages
    Good Essays