Ron,an HR manager at Franton Inc. ,is preparing for a 5 percent increase in the production labor force next year.To do this,he needs to determine what the current number of production employees is and how the number is likely to change by the end of the year.To help with this analysis,Ron should use a _____.
A) transitional matrix
B) propensity analysis
C) trend analysis
D) multiple regression
E) leading indicator

Question

Quizplus · Accepted Answer

A transitional matrix is a tool used to track changes in workforce demographics such as hiring, promotion, and turnover. By using a transitional matrix, Ron can determine the current number of production employees and forecast how the number is likely to change by the end of the year. This tool is particularly useful when analyzing workforce dynamics, such as preparing for a 5 percent increase in the production labor force. Propensity analysis, trend analysis, multiple regression, and leading indicators are not helpful in this particular scenario.

Ron,an HR Manager at Franton Inc