Salary Competitiveness Ratio

1.  Review the Rex Technologies, Inc. case study scenario Business Case Scenario: Rex Technologies, Inc. Rex Technologies, Inc. is a privately-held technology firm. Founded as an “Internet of Things (IoT)” device manufacturer with just 10 employees, Rex has grown rapidly by providing secure IoT devices focused on machine-to-machine (M2M) communication and automation to large production facilities and operations for businesses and government, enabling more efficient operations and cost savings. Headquarters in Boston, MA with 254 employees. Small satellite locations in New York, NY; San Francisco, CA; Atlanta, GA; and Houston, TX. Each with approximately 30 employees, most of which support sales and customers service. Revenue: Year 1: $14M Year 2: $31M Year 3: $45M Year 4: $57M Year 5: $65M (forecasted) Business Objectives: Financial – double revenue ($114M) by Year 6 Human Resources – acquire and maintain a skilled and engaged workforce that exceeds customer expectations… make customers delighted! Sales & Marketing – create a strong brand position and grow customer base (double west coast customers) Innovation – stay on the cutting edge of technology to provide market-leading, effective, and secure products   Expand San Francisco office The CEO has directed the construction of a new facility for a west coast business hub.  He wants it to be approximately the same size of the Boston-based office to rapidly expand business on the west coast, with the goal of doubling revenue by Year 6. The current office manager in San Francisco has expressed concerns about acquiring the needed workforce at current salary levels.  He also believes retention is lower than it should be due to intense competition for skilled technology workers. He recommends significantly increasing salaries and introducing performance bonuses, at least for San Francisco-based employees. Your job is to determine: Is there a problem with retention in the San Francisco office? If there is a problem, is an increase in compensation likely to fix the problem? If compensation isn’t the fix, what could help improve retention?   Determine: Situational Metrics: Collect the following metrics: Retention Rate Salary Competitiveness Ratio (SCR) Collect any additional metrics you believe may be helpful in answering the questions listed above. For Retention Rate, SCR, an any other metric you selected, explain why they should be collected (i.e., explain how these numbers help us better understand the situation).   Data Collection: Where would you find this data / how do you collect the metrics you selected?   Collection Results: In this scenario, you find: Retention Rate: 70% (Boston office is 89%) SCR: 0.8   Hypotheses: Use the following hypothesis: As SCR increases, the Retention Rate increases. Develop at least one more hypothesis that may help to determine the root cause of the lower retention.  Ensure the hypothesis describes the relationship you expect to find between metrics.   Test: Describe at least one type of statistical test that can help you prove or disprove your hypotheses. Remember, you want a statistically significant result to show the findings are not just found at random.   Findings: Summarize the outcome(s)/learning(s) from your statistical test (i.e., did you prove or disprove your hypotheses? What are relationships (e.g., positive correlation, negative correlation, causation, etc.) between the metrics?   Recommendations & Initiatives: Outline one initiative you would recommend (these should be supported by the findings in the prior step). For example, if the findings show that as SRC increases that the Retention Rate does increase, your initiative should do something that improves SCR.   Impact on Business Objectives: For your recommendation/initiative, discuss the impact on each of Rex’s business objectives (Financial, HR, Innovation, Sales/Marketing)   2. Write a detailed paper using the attached template: HRM6025 – Week 3 Assignment template Actions – Page length should be approximately 5 or 6 pages (including coversheet and reference list).  Page length is a guide only.  Content is more important than page length. – Ensure you use APA style (formatting, references, citations)   3. The following list of metrics may help identify metrics for this assignment:  Sample HR Metrics – 2019(1).pdf – Please note that this only lists some examples of metrics.  There are many other possibilities.

Assignments Ace
Order NOW For A 20% Discount! Coupon code: WELCOME20
Pages (550 words)
Approximate price: -

Why Assignmentsace?

Top Quality and Well-Researched Papers

We offer top-quality and well-researched assignment papers at low prices. We believe in offering the best quality services as we care about your grades, academic performance, and success. Our writers range from masters and Ph.D. graduates to professors. Our panel of expert academic writers does not rest until they are 100% sure your essay will score you an A+ only.

Professional and Experienced Academic Writers

Our writing company has the best panel of experienced academic and business writers. Our writers have experience of up to 9 years in the writing industry. They will go the extra mile to make sure you are handing in a quality A+ paper. If you are a student searching for any academic help, I advise you to seek for our experts' help.

Free Unlimited Revisions

Our clients frequently ask if they will be liable to free revisions once they place an assignment order with us. However, how many times you ask for revisions, our academic experts will help you. Either way, there is no need to worry as we provide free revisions. We are always after our clients’ satisfaction, and we are very proud to say that all our clients are satisfied with our writing services.

Prompt Delivery and 100% Money-Back-Guarantee

We are strict when it comes to assignments deadlines. We make sure our writers keep in mind the assignment delivery time. Because we care about clients, we go that extra mile to make sure you do not face those consequences. Whatever the deadline, we promise our clients a prompt delivery.

Affordable Prices

Are our charges too cheap for you to believe? Here at Assignments Ace, we offer quality assignment help at affordable prices. Our prices are substantive to cater to all students. Every time you place your assignment order with us, you are guaranteed a 15% discount.In addition, new clients enjoy a discount of 30% when placing their first order with us.

Customer Support 24/7

Do you have any queries for us? Or do you want to consult with our expert academic writers? Go ahead and contact us. We have 24/7 online friendly customer service. Whatever time of the day or night, we are always available for you. You can chat with us via our online chat services or contact us via our email, [email protected]

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Our assignments help website is the most internationally sought-after site because we offer a wide range of top-quality services at low prices. Our proud history as an assignment help company stretches back nine years. We do offer Top Quality, Well-Researched Papers and Online classes to help students internationally. We do both of these things at cheap affordable prices by offering up to a 30% discount.

Essays

Essay Writing Services

Writing an essay is one of the most tedious tasks that require a lot of concentration and research. Writing an essay takes hours and even up days. We offer the best custom writing service and have your best interests in mind. Most online writing industries do not have qualified writers and are just after your money. Worry less, our writers who have enough experience are ready to give you the help you need. Our writers are carefully selected and undergo some tests to prove their professionalism.

Admissions

Admission Papers

Are you applying for a college? We help students join their dream college by writing for them strong admission papers that showcases their qualities and personalities. An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. We utilize statements of purpose, personal statements, and personal essays to make a compelling case by stating your leadership activities, education, accomplishments, and professional background.

Editing

Editing and Proofreading

We offer an abundance of online proofreading and editing services for our clients. By definition, proofreading is the final surface-level check done on a document. Other academic writing companies offer editing and proofreading as separate services. At our assignment help website, we offer editing and proofreading services as one complete package at affordable cheap prices. Grab your 30% Coupon if you order today!!!

Coursework

Business Paper

Are you a student pursuing an MBA in business, no need to look any further? We offer the best assignment help as we have the top niche MBA business writers who will give you A+ assignments. Over the years, our experts have helped students accomplish their academic dreams. We have helped thousands of students complete their business assignments with confidence.Grab your 30% Coupon if you order today!!!

escort - adana escort bayan - escort adana - adana escort - escort mersinescort - adana escort bayan - escort adana - adana escort - escort mersinescort - adana escort bayan - escort adana - adana escort - escort mersin