Question
The corporate HR department of a major Canadian financial institution is grouped by function; for example, there is a compensation group, a recruitment and selection
The corporate HR department of a major Canadian financial institution is grouped by function; for example, there is a compensation group, a recruitment and selection group, a benefits group, and so on. Each group within the HR function has the same hierarchy consisting of administrative assistants, HR analysts, HR specialists, and HR managers. In total, at the beginning of the period there are 6 administrative assistants, 16 analysts, 10 specialists, and 10 managers across the HR function. The transitional probabilities for each job are as follows: Administrative assistants: 70 percent stay in their job, and 30 percent move to analyst roles Analysts: 75 percent stay in their role, 12.5 percent move to specialist roles, and 12.5 percent exit the firm Specialists: 60 percent stay in their role, 20 percent move to manager roles, and 20 percent exit the firm Managers: 80 percent stay in their role, 10 percent move to executive jobs, and 10 percent leave the firm Construct a Markov matrix for the jobs of the administrative assistants, analysts, specialists, and managers, showing movement from Time 1 to Time 2. Does this matrix suggest any HR issues that could use attention?
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