XYZ Corporation wants to track the percentage and actual number of employees who remain in each of the firm's job from one year to the next. Which of the following would XYZ Corporation benefit from?
A) a replacement chart
B) a skills inventory
C) a Markov analysis
D) a succession plan

Question

Quizplus · Accepted Answer

A Markov analysis is a statistical technique used to forecast the future behavior of a variable or system based on its current state and historical trends. In the context of HR, it can be used to predict employee movements within a company, including promotions, transfers, and terminations, making it useful for tracking the percentage and actual number of employees who remain in each job from one year to the next.

XYZ Corporation Wants to Track the Percentage and Actual Number