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The human resources planning process requires companies to forecast labor demand and labor supply. An important element of determining internal labor supply is analyzing how
The human resources planning process requires companies to forecast labor demand and labor supply. An important element of determining internal labor supply is analyzing how individuals move through various positions in an organization and what categories of employees are exiting the organization. A transitional matrix is a tool that facilitates this analysis by indicating the proportion of employees at different points in time. The rows of the transitional matrix help you answer questions about where groups of workers go between two time periods. The columns help you answer questions about where workers came from into positions in the later time period. Elise Electronics has seen employment growth of about 5 percent a year for the period from 2018 to 2021 and this pace of growth is likely to be sustained for the next two years. To help anticipate internal labor supply, the HR team at Elise Electronics developed the transitional matrix below. This activity is important since forecasting internal labor supply is an essential part of the human resource planning process. Using this matrix, answer the following questions about the period from 2018 to 2021. 1. Which group of employees were least likely to change positions in the organization between 2018 and 2021 ? ualisiuira maux veiuw. This activity is important since forecasting internal labor supply is an essential part of the human resource planning process. Using this matrix, answer the followina auestinne a
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