HRMD Assignment: Employee Turnover, Selection, and Practices

Verified

Added on  2019/10/12

|8
|2007
|178
Homework Assignment
AI Summary
This HRMD assignment delves into the critical aspects of employee turnover and selection processes. The solution begins by analyzing a company's high turnover rate, exploring financial statements and various turnover metrics like sales turnover, cost of goods sold turnover, stock turnover, receivable turnover, and payable turnover. It emphasizes strategies to improve employee retention, including cultural fit, job enrichment, comprehensive compensation, and retention policies. The assignment then discusses the implications of using cut-off scores in the selection process, evaluating their effectiveness and limitations. Finally, the solution presents a selection of methods for assessing candidates, including work experience, math skills, verification of knowledge, interpersonal skills, and work motivation. It concludes with a practical application involving selection ratios and adverse impact calculations for different applicant groups, providing a comprehensive understanding of the subject.
Document Page
qwertyuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiopasdfgh
jklzxcvbnmqwertyuiopasdfghjklzxcvb
nmqwertyuiopasdfghjklzxcvbnmqwer
tyuiopasdfghjklzxcvbnmqwertyuiopas
dfghjklzxcvbnmqwertyuiopasdfghjklzx
cvbnmqwertyuiopasdfghjklzxcvbnmq
wertyuiopasdfghjklzxcvbnmqwertyuio
pasdfghjklzxcvbnmqwertyuiopasdfghj
klzxcvbnmqwertyuiopasdfghjklzxcvbn
mqwertyuiopasdfghjklzxcvbnmqwerty
uiopasdfghjklzxcvbnmqwertyuiopasdf
ghjklzxcvbnmqwertyuiopasdfghjklzxc
vbnmqwertyuiopasdfghjklzxcvbnmrty
uiopasdfghjklzxcvbnmqwertyuiopasdf
ghjklzxcvbnmqwertyuiopasdfghjklzxc
vbnmqwertyuiopasdfghjklzxcvbnmqw
HRMD
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Contents
Question 1:............................................................................................................................................2
Question 2:............................................................................................................................................3
Question 3:............................................................................................................................................4
Part 1:................................................................................................................................................4
Part 2:................................................................................................................................................5
Reference:.............................................................................................................................................7
Document Page
Question 1:
It is considered that the turnover achieved for the company 37% is too much favourable for
the business ascertained by the company through selling the manufacturing parts. It has been
assessed that higher selling activities of the company will adhere higher turnover
successfully. Thus, it has been considered as a major concern in accumulating higher
profitability of the business. Therefore, the sustenance has been judged through the cause that
the company has accumulated lower cost of operations along with higher selling activities,
which has attained the higher turnover for the organizations. The information of how the
company has targeted these valuable turnovers can be identified with the help of identifying
the financial statements of the company. Upon the financial statements, the income statement
of the company will help to identify the total valuation of the sustained cost of operations
required for selling the goods in the respective market.
It has been assumed that the turnover of the company can be easily achieved through
identifying the data gathered within different statement managing the financial activities of
the organization. The determination of the respective turnover can be identified through
different perception. Thus, the attainment of higher profitability will be determined with the
help of managing proper assistances that can easily evaluate the higher operations of the
business. It has been observed that the turnover of the company can be determined through
different types in order to which assessment of the overall turnover for the firm can be
derived. The sales turnover has reflected the overall sales of the company. Apart from this,
the turnover of the cost of goods to be sold can be easily accessed through which the total
cost for manufacturing the products. Furthermore, the assessment of the total stock turnover
of the company can be easily assessed so as to judge how much goods has been accumulated
as per the closing stock received by the company (White, et al., 2016). On the other hand, the
receivable turnover of the company helps to assess the overall sale of goods made on credit to
the respective debtors and it will help to measure the amount for which the goods have been
dispatched. These turnovers will highly provide assistance in maintaining proper
accountability of the goods that have been sold and the amount of money that will be
achieved by the firm. It will effectively help in underpinning the sustenance through which
the decision about how to increase the sales can be achieved. Payable turnover will also help
in assessing the factors through which how much raw materials have been purchased on
credit. This has significantly provided the assessment in judging the perspectives through
Document Page
which the total cost that have to be paid to the respective creditors have to be sustained. Thus
proper assessment regarding these turnover will highly assists in determining all the expenses
through which the affability of understanding the profitability can be justified. Nevertheless,
the turnover will highly empower considerable attainment through which the possibility of
underpinning the significant assessment can be judged through evaluating the aspects of the
research that have been succeeded the perspectives of cumulating all the decision of the
company.
In order to make strategy regarding the turnover regarding the staffs different strategies can
be applied which have been significantly pertained:
It is quite important to fit the employee within the culture of the company by selecting
best employees to accumulate proper fulfilment of job.
Different process of enriching the job has been needed with proper promotion as well.
Proper comprehensive packages can be provided once without regular bonus.
Proper retention policies have to be implemented so as to ensure productive
employment within the firm.
Managing employees in a wonderful determination will lead to reduce the employee
turnover.
Question 2:
In this following topic, there is going to be a brief discussion about the implication of cut off
score by which the entire selection process could be conducted. There are many of those
major components obtainable under the following section by which the entire selection
process could be understood. It has become very crucial for the employers to take proper calls
in the process of selecting the employees. Measuring knowledge along with the skills and
abilities should not be the only bar behind the selection process of the employees. There is
some major implication obtainable by which the entire concept about this crucial process
could be justified. Among the other methods of selection, cut off scores has been deemed as
one of the most superior method by which the selection process could be processed. Cut off
scores are used by the one who should usually be place thus while to be realistic along with
steady with carrying a normal overall approach (Zhang, et al., 2013). The whole process is
oriented to the workforce. It has been observed that, in the process on conducting the
selection process through the cut off process has become very conventional. By implanting
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
this following scenario within the workforce, setting the overall impact of this process could
be measured. In the process of conducting the high profile jobs, this process has been deemed
as very effective. Cut off scores is playing a huge role in order to establish the employment
process within the organizational setting or in educational setting (Nicoludis, et al., 2015).
However, it has been observed that higher cut of marks has been indicated towards the
chances of being selected under the following circumstances. That kind of overall approach
from the industry could be helpful for the participants in the process of conducting the entire
process by which the overall selection process could be understood. As per the analysis, it
can be observed that the concept of cut off scores is very much approachable with in the
commercial setting. There are also many of those perspectives obtainable, which are
indicating towards the lacks of cut off scores in the process of conducting the selection
process. In this competitive world cut off marks has been deemed as very essential thing in
the process of decreasing the unemployment rate. For higher the rate over the employment
scenario, this following process has been deemed as very crucial in the process of nurturing
the overall aspect towards the social point of view. However, there are also many of those
alternative selection processes obtainable (Wiemer, 2013). Those are very crucial compare to
the cut off process. By implanting those fruitful aspects, the whole process could be
understood. However, after observing many of those crucial aspects about this following
matter, it can be said that it has become very crucial to implant some major aspects of cut off
scores. Among the participant, this process has been considered as very crucial by which they
can find some major solution for the unemployment scenario.
Question 3:
Part 1:
2. Work Experience – selection method: past offer letters and appointment letters
Justification: Proper questions regarding the past jobs for the applicants with proper
experiences can be asked.
3. Math Skills – selection method: offering probable questions to solve mathematics
Justification: Questions sets has been provided to attain math skills test
4. Verification Knowledge – selection method: analysis of the set of skills taken as
examination
Document Page
Justification: proper usage to solve the questions has been determined.
5. Interpersonal Skills – selection method: providing solution for different case scenario
Justification: Effective judgement for understanding the case scenario has to be achieved
6. Work Motivation – selection method: Proper presence of analyzing the examples of case
study and their inferences
Justification: proper inference regarding the attitudes for concluding the case with proper
solution
Part 2:
Here the overall data has been supplied so as to ensure the overall calculations that has been
facilitated underneath:
Number applied Number hired
Caucasians 90 27
African Americans 50 10
Latinos 40 10
a. What are the selection ratios for each of the three groups?
The selection ratio for the number of applied and number hired will be as follows:
Caucasians = (27 / 90) * 100 = 30%
African Americans = (10 / 50) * 100 = 20%
Latinos = (10 / 40) * 100 = 25%
b. Does adverse impact exist when you compare the African American applicant pool with
the Caucasian applicant pool? Show your work.
The impact upon the African American applicant pool with the Caucasian applicant pool
which has been revealed = (20% / 30%) * 100 = 66.67%. Thus, it has been understand
adverse impact has highly existed within the policy of recruitment, as it has to be more than
Document Page
80%. Therefore, the requirement of the organization will enable proper recruitment policies
through mitigating disparity for selection of applicants.
c. Does adverse impact exist when you compare the Latino applicant pool with the Caucasian
applicant pool? Show your work.
The impact upon the Latino applicant pool with the Caucasian applicant pool which has been
revealed = (25% / 30%) * 100 = 83.33%. Therefore no such adverse effect has been
presumed and proper selection procedure has been achieved through underpinning the
settlement of selecting the applicant.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Reference:
Zhang, F., Gale, J. D., Uberuaga, B. P., Stanek, C. R., & Marks, N. A. (2013). Importance of
dispersion in density functional calculations of cesium chloride and its related halides.
Physical Review B, 88(5), 054112.
Nicoludis, J. M., Lau, S. Y., Schärfe, C. P., Marks, D. S., Weihofen, W. A., & Gaudet, R.
(2015). Structure and sequence analyses of clustered protocadherins reveal antiparallel
interactions that mediate homophilic specificity. Structure, 23(11), 2087-2098.
Frickmann, H., Dekker, D., Boahen, K., Acquah, S., Sarpong, N., Adu-Sarkodie, Y., ... &
Wiemer, D. F. (2013). Increased detection of invasive enteropathogenic bacteria in pre-
incubated blood culture materials by real-time PCR in comparison with automated incubation
in Sub-Saharan Africa. Scandinavian journal of infectious diseases, 45(8), 616-622.
Mowday, R. T., Porter, L. W., & Steers, R. M. (2013). Employee—organization linkages:
The psychology of commitment, absenteeism, and turnover. Academic press.
Lin, B., Robles, G., & Serebrenik, A. (2017, May). Developer turnover in global, industrial
open source projects: insights from applying survival analysis. In Proceedings of the 12th
International Conference on Global Software Engineering (pp. 66-75). IEEE Press.
White, S. H. D., Molina, S. A., Capaldo, C. T., Schlingmann, B. L., & Koval, M. H. (2016).
Alcohol Consumption Increases Claudin-18 Turnover in Alveolar Epithelial Cells. The
FASEB Journal, 30(1 Supplement), 972-1.
chevron_up_icon
1 out of 8
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]