Application of markovian models and transition probabilities' matrix to analyze the workforce movement in Jordanian Productivity Companies

Abstract EN

This study aimed to apply of the Markovian models and transition probabilities' matrix to analyze the movement of the workforce in Jordanian Productivity Companies.

To achieve the study objectives, the study is mainly based on the secondary data related to workforce movement selected from the annual reports of the Jordanian productivity companies (potash, phosphate, and pharmaceutical) for year (2014).

The study reached to a number of results, it was the most important: a.

The estimation of the Transition Probabilities, refers to the highest retention percentage was in favor of the Phosphate company, followed by Potash company, and finally followed by the Pharmaceutical company.

b.

The estimation of the Transition Probabilities, refers to the lowest loss was in favor of the Phosphate company, for Potash company and Pharmaceutical company.

Upon the foregoing results, the study reached to a number of conclusions, recommendations.