PLEASE READ THE HR Analytics Essay Guidelines VERY CAREFULLY!!!
HR Analytics EssayPrompt
PricewaterhouseCoopers is a Big Four Accounting firm that wasfacing high turnover in a key employee segmentsenior associates. This is thesecond stage in a career ladder that starts at the entry level and ends whenone becomes a partner in the firm. One possible solution was thought to bedeferred compensation or delaying the salary of some employees so that thosewho stayed longer would receive more than those who left earlier.
The firm could also see that those who stayed longer before theyleft, were more successful in their careers (such as becoming CFO somewhereelse). Would deferred compensation keep people there longer? Would people beconvinced to stay longer if they knew it was good for their careers?
A survey collected data from current and former employees whohad left. This required finding former employees who had had a relationshipwith PwC and appealing to their ongoing goodwill toward the firm to get them torespond. The final sample focused on those former employees who had left thefirm more recently (in the last 15 years rather than those who had left earlierthan 15 years or more). Their response rates were better because theyremembered their experiences at the firm better than the group that had leftbefore them. The study specifically looked at career outcomes of those who hadleft, comparison of work-life balance between current employees and those whohad left, and drivers of retention for current employees.
The findings and the actions taken by the firm to deal with whatthey found had clear and positive impact on the problem. The study showed thatadding deferred compensation would have had a very small impact on peopleswillingness to stay. However, work-life balance (avoiding problems of workobligation negatively affecting things at home) and career development/careerprogression issues did have a large influence on the problem of people leaving.Worklife balance solutions are frequently manifested as more flexible workschedules, flexible time off, and even child care and elder care to help theemployee manage both work and family obligations better.
The actions the firm took reduced voluntary turnover to thegoals it had set. One such action was to provide new tools for managers andHuman Resources to deal with the workload balance issues that existed. Anothersuccessful action was to strengthen the relationship between partners and theassociates. Finally, the company focused on coaching and development includingtraining for the partners in these areas. The analytics study showed that theinitial offering defined compensation that was not going to solve the problem,but problems flying below managements radar were causing the high turnover.Management was therefore able to solve the true cause of turnover.
Research the topic of HR analytics and other companies who haveused it. Then write an essay that answers the following questions:
HR Analytics EssayGuidelines
Upon completion of this assignment you should be able to:
Instructions
Your paper will include the following:
Your research paper is to be a minimum of 3complete pages in length. Going over the minimum page lengthrequirement is acceptable.
Be as thorough as possible when writing youressay, and remember, this is an academic assignment, so no text-talk, noconversational tone, and ABOVE ALL OTHER THINGS don’t plagiarize! Lastly,spell-check and proofread your work! Failure to follow these steps willnegatively impact your grade.
For this course, you will submit the graded activity using Turnitin.An Originality Report will become available within a few minutes after yourfirst submission. Inside the Originality Report will be a Similarity Index. TheSimilarity Index shows a percentage of the material in your paper which matchesother sources found by Turnitin. You will be expected to have a SimilarityIndex of less than 15%. If your Similarity Index is greater than 15%you will need to review your Originality Report to be sure that you haveparaphrased your work appropriately, and cited your sources correctly.
The Originality Report will help you to avoid plagiarism and improve thequality and content of your essay. It is strongly suggested that you keepdirect quotations to a minimum, and never copy and paste text without propercitations. You have until the activity due date to resubmit your work, however,there will be a 24-hour delay before the Originality Report becomesavailable. It is your responsibility to submit your activity on time, with aSimilarity Index of less than 15%.
General APA Formatting Guidelines:
(The criteria used for grading will involve astudents ability to fully examine and respond to the five questions thatrelate to HR Analytics. Also the ability to distinguish HR developments withregard to the implementation of HR analytics to reduce turnover and improveretention in a key career ladder stage within an organization will be anadditional criteria point. The student will need to also incorporateappropriate scholarly/peer-reviewed sources to further the critical thinkingprocess.)
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