Planning Analysis for Tanglewood
Planning Analysis for Tanglewood
TO: Donald Penchiala
DATE: Wednesday, February 27, 2008
SUBJECT: PLANNING ANALYSIS FOR TANGLEWOOD
Table 1.1 Markov Analysis Information
Forecast of availabilities
Next year (projected)
Current Workforce
Previous year
(1) Store associate
8,500
(2) Shift leader
1,200
(3) Department manager
(4) Assistant store manager
(5) Store manager
Transition probability matrix
Current year
Previous year
(1) Store associate
(2) Shift leader
(3) Department manager
(4) Assistant store manager
(5) Store manager
External Environmental Scan
Refers to the process of tracking trends and developments in the outside world. Areas of focus include the economy (inflation rates, unemployment rate, monetary/ fiscal policies, ect.), broadcast media, relevant labor markets, and other applicable data.
Factors in the environment that suggest Tanglewood might have difficulty filling their vacancies in the future include the known fact that retail is considered a fairly undesirable job for recent college graduates. These potential employees do not have the desire to put to put forth the long hours with low pay it would require to move up the hierarchy chain.
Also, in the Pacific Northwest the unemployment rates have been high. This makes it difficult for individuals with low or no KSAO’s to find a job. This weakness however does make it easier for Tanglewood to find new candidates for managerial positions but unfortunately, recent forecasts suggest that expansion in the professional and managerial sectors of the labor market may reduce the number of individuals available for these jobs.
High unemployment rates will also make Tanglewoods internal staffing strategy much more difficult to achieve. Tanglewood relies heavily on its experienced employees and promotes intensively from within. By doing this they hope to obtain their strong corporate culture. If the economy is experiencing high unemployment rates, then there will not be as many employees hired in the lower level jobs. If there is no one in the lower level jobs then its makes it makes it much more difficult to promote employees with experience.
Gap analysis
Next year (projected)
Year end total
(column sum)
External hires needed
(current workforce-total)
-4845
Shortages occur in the all 5 job positions for the next year.
Job Position
Employees Needed
(1) Store associate
(2) Shift leader
(3) Department manager
(4) Assistant store manager
(5) Store manager
Tanglewood has one managerial track that promotes sales associates to be shift leaders, then promotes shift leaders to be department managers, and so on up the managerial hierarchy. This tactic has aloud Tanglewood obtain their strong and effective corporate culture for many years.
If Tanglewood decided to choose this tract and this track only they will need to promote 5 of the