markov Analysis and Forecasting

Based on the above data, prepare a paper to address the following:

  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. Identify where there will be shortages and surpluses.
  3. Compare and contrast the advantages and disadvantages of internal vs. external recruiting to address the shortages.
  4. Indicate potential limitations to your forecasts.
 
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