Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

DATABEAM is a new company that develops computer games for the 'corporate market' based on politics and advancement in a large Fortune 500 company. Their

DATABEAM is a new company that develops computer games for the 'corporate market' based on politics and advancement in a large Fortune 500 company. Their company has the following positions: Phone/internet sales (level 1), Marketing (level 2), Programing (level 3), and Game Design (level 4). It is The firm has collected data in order to forecast its needs for hiring and recruiting in 2022. The resulting probability transition matrix shows the percentages of staff that moved from one percentage to another in 2021 and the staffing levels (number of employees that were in the firm) at the end of 2021. Based on this data, please answer the following questions: A. Describe the internal labor market in the firm. For each position, explain how many people are staying in position, being promoted, being 'demoted', and exiting the firm. B. Forecast the number of people likely to be available in each job category at the end of 2022. C. Given the benchmark staffing requirements from the beginning of 2022, How many people would need to be hired in which job categories during January of 2023 to return the baseline staffing levels? D. Given the following recruiting yield ratios for applicants, calculate how many applicants will be needed to fully meet the firm's projected staffing needs during the recruiting effort in January of 2023. Phone/internet sales (level 1) 50% Marketing (level 2) - 80% - Programing (level 3) - 50% Game Design (level 4).20% Jan 1st 2022 LEVEL 1 LEVEL 2 LEVEL 3 LEVEL 4 EXIT Staffing LEVEL 1 500 .50 .10 .05 00 .35 LEVEL 2 150 .05 .60 .10 00 .25 LEVEL 3 50 .05 .00 .80 .10 .05 LEVEL 4 30 00 00 00 .70 .30 Forecast of staffing at end of 2022 Hiring needs to be met during January of 2023 Number of applicants needed to meet new hire requirements

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis 1

Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan

15th Edition

0133803813, 978-0133803815

More Books

Students also viewed these Accounting questions

Question

Stages of a Relationship?

Answered: 1 week ago