Question

The first step in the human resource planning process is forecasting. Forecasting is an attempt to determine the supply and demand for various types of human resources to predict within the organization where there will be future labor shortages and surpluses. Historical statistical models and judgmental techniques are used for forecasting labor supply and demand. One type of statistical procedure that can be used for this purpose is the analysis of a transitional matrix, which is a chart that lists job categories held in one period and shows the proportion of employees in each of those same categories in a future period. The goal of this activity is to complete the transitional matrix to forecast labor supply and demand for several marketing positions within an organization.

Answer 1

Missing word "Roll over each of the items below to read about the proportion of marketing employees at different times. Then drag each item into the correct position in the matrix."

Note: The matrix in the question is attached as picture below

Year 2016

Sales mgr Sales Rep Sales asst. Not in

Organisation

2012

Sales Maintain Management Manager Manager

manager Management Representative Assistant Turnover

Position Demotion Demotion

Sales Rep Sales Rep Maintain Rep Rep assistant Sales Rep

Promotion Position Demotion

Sales Asst manager Management Maintain asst. Sales Asst

assistant Promotion Promotion position Turnover

Not in Manager New Sales Rep Sales Assistant

Organi- Hire New Hire New Hire

sation