A large CPA firm currently has 100 junior staff members and 20 partners. In the long runsay,

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A large CPA firm currently has 100 junior staff members and 20 partners. In the long run–say, 20 years from now–the firm would like to consist of 130 junior staff members and 20 partners. During a given year, 10% of all partners and 30% of all junior staff members leave the firm. The firm can control the number of hires each year and the fraction of junior employees who are promoted to partner each year. Can you develop a personnel strategy that would meet the CPA firm’s goals?

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Practical Management Science

ISBN: 1497

5th Edition

Authors: Wayne L. Winston, Christian Albright

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