Research and Statistical Method for Business: Belgium Banking Sector

This report presents a comprehensive analysis of business research conducted within the Belgium banking sector. It delves into the application of statistical methods, focusing on sample size determination, sampling techniques (specifically random sampling), and the measurement of variables relat...Read More

Research and Statistical
Method For Business

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Sample size .................................................................................................................................1
Sampling Method........................................................................................................................2
Measures of variables .................................................................................................................3
Collection of data on social demographics ................................................................................4
Research design ..........................................................................................................................5
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................7

INTRODUCTION
As conducting research in business by statistical way it shows the overall working plan in
business and the relationship between the employee and employer are also examined. The
techniques which the business are using to secure the jobs of employees and engaging their
interest in the organisation. In this research, researcher through their survey evaluated the
employees working conditions and their experience related to job security in the Belgium
banking sector. In this study they also examined the employee perception related to quantitative
and qualitative job insecurity and psychological distress in banks.
MAIN BODY
Sample size
According to Anne Richter & Katharina Naswall, (2018) Sample size for employees
working in the Belgium banks is not necessary. As 69,000 employees are working in these banks
and to have surveyed with all is quite expensive. That the reason that the researcher selected
15,000 employees which is roughly 21% of the worker engaged with the banking sector. As the
researcher can also be conducted with such number of employees as every person has different
style and techniques of working (Schumacher and et.al., 2016). The interests and responsibility is
also different but the 21% employees which are working in banks can also discuss their reviews
regarding the job insecurity in banking field.
To survey with large number of employees involves lot of time and money to conduct a
survey. As the actual results occurs from the complete survey only but it consumer lot of time
and also requires more management team to conduct it. They cannot take the feedback reviews
from single person with less time and also is requires lot on investment to conduct this survey
(Shoss, Jiang and Probst, 2018). This procedure is expensive as researcher have to travel a lot to
collect the survey forms which they provide to employees regarding various questioning on job
insecurity.
No partiality is conducted in case of research as they invited all the 63 Belgium banks to
participate in the survey and no commitment are made to involve all. The survey is conducted in
fair way and reviews are taken in appropriate manner. No difference in age, Caste, sex and
religions re made which represents the partial survey (De Spiegelaere, Ramioul and Van Gyes,
2017). The questioning which are mentioned in the feedback form are according to the
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professional manner and no personal questioning which affects the personal liability and bank
status are discussed.
Researcher carry its budget to conduct the survey and they can't go against that plan. To
conduct research with huge employees, result him to cause a big loss which they have to bear at
the end of survey. As the review with less employees and the judgement of more employees are
approximately same and there are minute changes regarding the thinking and dedication to
commit work (Camgoz and et.al., 2016). The environment regarding the work place and polices
are same for all its juts the priorities and future goals of employees vary form time to time.
Sampling Method
As per the book of Xingshan Zheng, (2019) Researcher uses random sampling method to
check the correct accurate statistics of the large population of employees working in the Belgium
banking sector. In comparison to other techniques which the researcher used to conduct the
research, Random sampling is the best method to gather the reviews of large number of
employees in any field of working. As in relation to business very employees had equal chances
to be selected and give their responses against that study. To choose this method, it can deeply
examine the employees review briefly and in a shorter manner.
The main advantages to choose random sampling is that it is the simplest form to collect
data of the companies and business and examine various facts according to that data. Although
the simplest form always comes up with lot of problems but they can give accurate result to
select the banking working strategy (Vander Elst and et.al., 2016). To collect the data it doesn't
require any specific skills and knowledge, just the method to conduct an authentic and fair
survey.
To choose the random method by the researcher it consumes lot of time and also it is
complex. As it results in unfair among other people who are not selected for the survey and
feedback reviews. By choosing this method the major disadvantages is that no additional
informations and knowledge about the business came into existence only the to do point answers
cam across with this method.
The another advantages is that it charges lesser time for judgement as the person gives
review in exact form which they feel to be changes in the working (Hünefeld, Gerstenberg and
Hüffmeier, 2019). There judgement helps the researcher to discuss the internal matters and get
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checked other reviews and collaborated them to examine the status of company. By this
procedure they cam to know the employees interests and their feeling while working with the
company. In this method no technical consent are required to identify the facts and method about
the research.
The next disadvantage of the random method is that there are more chances to get the
wrong data as comparison to right data (Bozionelos and et.al., 2016). As person just under the
pressure review the good reputation of the bank but the insider thought can't be explain through
this method. Although this method reduces the unconscious bias but it doesn't remove the
intentional bias in the organisation.
Measures of variables
Variables are measured on the basis of Techniques used by researchers to collect the data
and identify the matter and conclusion for that data collected. As variables are measured as per
reliability and validity of the data collected by the researcher. Reliability refer to stability
consistency in measuring the data. In this method the results are not accurate and proper, they
only dependable on the certain situation. If the same test is committed with employees for certain
times and the results are same it is said to be reliable measures (Kim and von Dem Knesebeck,
2016). Thus, Validity refers to useful and meaningfulness measurer to conduct the reliability of
the variables. It examines the results and its fair approach to conduct such survey in the banks.
Thus, reliability and validity are an outgoing process.
Reliability and Validity are the two important concepts for measuring the concept of bias
and distortion. In case study of Belgium bank sector the lot of employees remark that they are
psychological distress in relation to job insecurity. As in the questionnaire regarding the survey,
one question is raised regarding the stress and work loaded and how much they get time to sleep
at night with less worry (Lenderink and et.al., 2017). In this respect few said that they live their
normal routine life but others said that they get worry about their job insecurity and their future
perspective in banking sector. The measures are constant as people responses in constant way
they are or not worry about their job.
To clearly identifies more about measure they use psychometric theory to analyse both
method in same perspective. Sometimes the decision of person depends upon their minds and
their mods fluctuation. If they are in good mood they response in positive way and same with in
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negative vibes. If some good things happen with them regarding the managements and security
they are happy with the services which the organisation is offerings and they remark with good
feedback in their survey form (Fullerton and et.al., 2019). If something go wrong at the next
stage they provide wrong feedback which affect the status and goodwill of the business. This
ensures the reliability and validity of the banking sector to measure the appropriate remark of
employees in that field.
Collection of data on social demographics
As per the survey in Why use Demographic Question in survey?. (2019) Social
demographics are the major important part in every organisation as the data and activities are
carried on this purpose. In every organisation various categories of people are working which are
based on caste, sex, religion, higher education level and many more. The attitude of companies
are changed according to person living standard. If they are high educated they offer high salary
and same with low one (Låstad and et.al., 2018). If they are from village they are treated as low
class people and same as with upper class employees. A proper place is assigned to them if the
person has lot of money and same as with poor person they are treated like an illiterate and
uneducated and also the position which they are working is also very low in that field.
The purpose to conduct this research is that they can identify the stability of employees in
the Belgium banking sector. As total there are 69,000 employees working in the banks. They all
are form different caste, sex and religion and to conduct this survey. the researcher can identify
the treatment and facility provided by the company encouraging them, to work harder and secure
their jobs (Llosa and et.al., 2018). Researcher conducts the survey by not distinguishing the
person and they provide survey randomly to know the views of employees in that sector.
From the informations and data collected in that survey they can easily examine the
reputation and strategy of working in the market of the banking sector. The treatment which hey
provide to employees and restrain their position in that community. As is business is engaged
with large number of population than there are major chances of partiality in working and
appointment of person for senior post. As more employees result in more challenges which result
in lack of job security in the business (Shoss, 2017). The company rule are simple if they are
capable to handle pressure and work load they are more secured in business. The major
difference occurs which the researcher minutely examine is the treatment and opportunity
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provide to women and less educated person in banks. As reputed banks never choose such type
of person who are less eligible for the jobs and women who are married or having children. As
they feel that they are capable to handle the work pressure with their family responsibility.
Research design
Research design are the major part to conduct an appropriate research and justify the
views as per their survey they conduct. In this research they use quantitative data to interpret
their data relating to Belgium banking sector (Camgoz and et.al., 2016). The objectives, number,
and data examines the accurate data of the employees reviews regarding their working structure
and their interest in their jobs which decides their job security.
According to the report of Job security and changing workplace in the organisation,
(2019) The main advantage of quantitative research is that it provide accurate and clear number
which interprets the working of the organisation. The employees review are easily identified and
shown in data and be collecting all the data they can reach to a certain point which gives accurate
results as per their research is conducted. Through this research design they can easily predict the
numbers of business and also assume the structure to achieve success in the global world
(Bozionelos and et.al., 2016). It is also interpreted to be time consuming method and provides
various ideas and thoughts in faster way as comparison to the human brains. To conduct a
quantitative research the major advantages is that it is identifies by number and company can
raise their reputation through their techniques. The researcher also feel helpful to conduct their
survey in simpler form.
The disadvantage of quantitative research is that this method is not useful to identify the
social changes in the business. As person minds are not stable every time and just because of
their good or bad mood, the review regarding this survey is changed which is not useful in case
of research (Vander Elst and et.al., 2016). Their behaviours, actions and commitment towards
work also affect due to changes in social factors. The organisation reputation depends upon this
survey which describes the overall structure through numerics. If they are lacking at any point it
affects the goodwill and researcher reveal in this case study.
CONCLUSION
From the above study it can conclude that detailed research on appropriate topic helps the
researcher to conclude the judgement in various ways. As in case of Belgium Banks, the
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employees are more perception towards the job insecurity which the result arise due to changes
in social phenomena. The matters related to sex, caste, religion and education are the major
factors which arise in quantitative data. It is also concluded that these methods help the
researcher to conduct an appropriate and fair survey which helps to analyse the working structure
in the market. Through this research the reliability and validity of the data are also measured.
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REFERENCES
Books and journals
Bozionelos, N. and et.al., 2016. Employability and job performance as links in the relationship
between mentoring receipt and career success: A study in SMEs. Group & Organization
Management. 41(2). pp.135-171.
Camgoz, S. M. and et.al., 2016. Job insecurity and turnover intentions: Gender differences and
the mediating role of work engagement. Sex Roles. 75(11-12). pp.583-598.
De Spiegelaere, S., Ramioul, M. and Van Gyes, G., 2017. Good employees through good jobs: A
latent profile analysis of job types and employee outcomes in the Belgian electricity
sector. Employee Relations. 39(4). pp.503-522.
Fullerton, A. S. and et.al., 2019. The Insecurity Gradient in Health: How Inequality in the
Distribution of Job Insecurity Matters for the Relationship between Job Insecurity and
Self-Rated Health in Europe. The Sociological Quarterly. pp.1-21.
Hünefeld, L., Gerstenberg, S. and Hüffmeier, J., 2019. Job satisfaction and mental health of
temporary agency workers in Europe: a systematic review and research agenda. Work &
Stress. pp.1-29.
Kim, T. J. and von Dem Knesebeck, O., 2016. Perceived job insecurity, unemployment and
depressive symptoms: a systematic review and meta-analysis of prospective observational
studies. International archives of occupational and environmental health. 89(4). pp.561-
573.
Låstad, L. and et.al., 2018. The roles of shared perceptions of individual job insecurity and job
insecurity climate for work-and health-related outcomes: a multilevel approach. Economic
and Industrial Democracy. 39(3). pp.422-438.
Lenderink, A. and et.al., 2017. 0181 Methodologies to identify work-related diseases: in-depth
description of selected of sentinel or alert systems.
Llosa, J. A. and et.al., 2018. Job insecurity and mental health: A meta-analytical review of the
consequences of precarious work in clinical disorders. anales de psicología. 34(2). pp.211-
221.
Schumacher, D. and et.al., 2016. Explaining the relation between job insecurity and employee
outcomes during organizational change: A multiple group comparison. Human Resource
Management. 55(5). pp.809-827.
Shoss, M. K., 2017. Job insecurity: An integrative review and agenda for future
research. Journal of Management. 43(6). pp.1911-1939.
Shoss, M. K., Jiang, L. and Probst, T. M., 2018. Bending without breaking: A two-study
examination of employee resilience in the face of job insecurity. Journal of occupational
health psychology. 23(1). p.112.
Vander Elst, T. and et.al., 2016. The effect of job insecurity on employee health complaints: A
within-person analysis of the explanatory role of threats to the manifest and latent benefits
of work. Journal of Occupational Health Psychology. 21(1). p.65.
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Online
Anne Richter & Katharina Naswall, 2018. Job insecurity and trust: Uncovering a mechanism
linking job insecurity to well being. [Online]. Available through:
<https://www.tandfonline.com/doi/full/10.1080/02678373.2018.1461709>.
Job security and changing workplace in the organisation. 2019. [Online]. Available through:
<https://www.annualreviews.org/doi/abs/10.1146/annurev-orgpsych-032117-104651>.
Why use Demographic Question in survey?. 2019. [Online]. Available through:
<https://www.snapsurveys.com/blog/demographics-questions-surveys/>.
Xingshan Zheng, 2019. Job insecurity and Job satisfaction. [Online]. Available through:
<https://www.emeraldinsight.com/doi/abs/10.1108/CDI-10-2013-0121>.
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