ABSTRACT
Do you know how to forecast your employee needs for the future? How many employees will be available to promote, how many will leave for other employment, and how many will retire? Being able to plan your staffing will improve performance and morale, since vacancies will be very short-lived. You can do this using Markov analysis. While determining the data for the Markov model can be somewhat difficult, the model is relatively easy to understand, and the results can be very useful.
