Find out the local competitive pressure

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E-Tronics has a small plant of only 120 employees in Oregon that has gone through quite a bit of unrest within the last year. There have been three restructures and a lot of turnover due to local competitive pressure. Now that the pressure and the company landscape have normalized, the plant leadership is attempting to forecast staffing requirements for the following year. Among many methods to use, why should the HR Manager be hesitant to recommend the Markov Analysis?

-Markov analysis requires a fairly stable situation with many people in each job category.

-Markov analysis requires cross-functional collaboration with key stakeholders and departments such as Finance to review budgetary considerations.

-Markov analysis requires multiple sources of experts utilizing the Delphi technique.

-Markov analysis requires a highly complex statistical review of three or more variables for the most effective output.

Reference no: EM132889173

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