Question.5056 - Module 3 discussion boardYou are given the following data relative to the 5-member troubleshooting team of the Behrens Corporation: Attitude Attitude Annual Job Tenure Job Satis. Job Satis. Employee Salary ($) Grade (years) Weight Score Hobbs 34,000 32 10 8 1.15 Smith 18,000 24 6 5 1.04 Studley 30,000 37 14 10 1.28 Woo 28,000 30 10 7 1.20 Finkel 21,500 23 5 4 0.78 Use a human asset valuation approach to dollarize these attitudes (job satisfaction), (calculate numbers to 2 decimal places; this means right from the start, not just the final answer),to compute the overall gain (or loss), andto compute the gain (or loss) per person. 2. As a special project, top management wants to use behavior-costing methodology as one input to its HR planning model. Over a 3-month period, you have found the correlation between intrinsic motivation and absenteeism to be -0.34 for a sample of clerical employees. Chronic absenteeism is a serious problem in this firm, and clerical employees average 2.2 days per month absent from work (SD = 1.43). Each such incident costs $106.22. If management were to institute a job enrichment program that would improve job satisfaction attitudes among the clerical employees by 0.45 SD, what might be the potential savings per employee per month? Calculate numbers to 2 decimal places (this means right from the start, not just the final answer). Should the job enrichment program be instituted? Why or why not?
Answer Below:
Attitude xxxxxxxx Annual xxx Tenure xxx Satis xxx Satis xxxxxxxx Salary xxxxx years xxxxxx Score xxxxx Smith xxxxxxx Woo xxxxxx a xxxxxxxxxx Attitudes xxxxx number xx weighted xxxxxxxx score xxxxx number xx attitude xxxxxxx b xxxxxxxxxx Attitude xxxxxxxx index xxxxxx pay xxxx Total xxxxxx of xxxxxxxxxx attitude x Gain xxxxxxxxxx attitude-annual xxx roll x Total xxxxxx of xxxx gain xxx person xxxx total xxxxxx of xxxxxxxxx Total xxxxxx of xxxx per xxxxxx a xx calculate xxxxxxxxx savings xxxxx current xxxxx absenteeism xxxx per xxxxx incidents xxxx estimated xxxxxxxxxx improvement xxxxxxxx SD xxxxxxxxx SD xxxxxxxxxxx - x new xxxxxxxxxx rate xxxxxxxxxxx days xxx month xxxxxxxxx behavioral xxxxxxxxxxx - xxx total xxxx new xxxxxxxxxx rate xxxxxxxxx cost xxxxxxxxx savings xxxxx current xxxxx new xxxxx cost x Therefore xxxxxxxxx savings xx b xxx job xxxxxxxxxx program xxxxxx be xxxxxxxxxx since xxx firm xx saving xxxxx and xxxxx have xxx benefit xx both xxxxxxxxx employees xxxx improved xxxx quality xxx the xxxx would xx savingMore Articles From Business Management
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