16 Oct 2020
Kamals Department Store has never examined its internal labor market. The company asks you to perform a transition analysis for full-time sales associates. It asks you to conduct relevant analyses to describe the internal labor market for its flagship store, which is the largest.
Summarize the flagship store’s internal labor market and highlight any trends or forecasted gaps based on the transition probability matrix in the table below. The probabilities are based on annual rates that are averaged over a span of three years. In other words, they are the average rate per year.