Abstract
This memo capture some key quantitative information into nine sections which include things like gender, age, department, tenure, overall job satisfaction, and benefits realized through job satisfaction. The data collected is well analyzed which included the position of the qualitative data and extrinsic data as it presented in qualitative data.
Memo
It is my pleasure, to write to you, stating the benefit of having a database and appreciating the variables that are inclusive in it. I have personality researched and tested the database and I would like to give you the overview. Job satisfaction determines the level of commitment individuals will offer in the working environment. The database is divided into nine sections which include things like gender, age, department, tenure, overall job satisfaction, and benefits realized through job satisfaction. The data collected is well analysed which included the position of the qualitative data and extrinsic data as it presented in qualitative data.
The database contains concrete information about the most basic departments of almost every working environment, this makes the reporting to be well balanced with the right information about job satisfaction. The position column in the qualitative data used in the research process revealed how employee position in an organization determines their level of job satisfaction. The data collected clearly explained how external factors could affect the job satisfaction of an individual. It is possible to establish how employee remuneration is linked to job satisfaction.
The report that the system will generate will be helpful to almost each and every organization, because it touches on most of the factors that affect employee job satisfaction. Some variables used included monthly employed people versus hourly employed individuals. It is noted that the meanness of hourly employed people is an estimate of 5.7 while that of monthly employed people is 4.2.
Another feature that I will want you to appreciate in the statistic used. Statistics is a valuable component to an organizations in several different ways. Statistics helps in performance management; managers collect data on employee productivity and efficiency, this can be based on things like task completed or units produced by each individual employee. After analysing the collected data managers decides whether the employees have been maximizing production. Through such conclusion it becomes possible for the management to look for ways of helping employees maintain the good phase of production or to start maximizing on their production. Through the use of statistics managers are in a position to set expectation that will make production remain above minimum level and communicate it to his or her employees. During the decision making process with other managers it is possible to compare different alternatives available depending on the collected data concerning the situation to be decided on. This helps in going for cost effective, economical and user friendly option to the company.
Through the use of statistics it is possible for an organization to learn more about the market niche and the new targeted market. An organization will conduct a survey to determine whether there sufficient demand among the targeted consumers. When launching a new product a break-even analysis helps in finding out the percentage consumers who are expected to try the new product, this helps the organization in deciding whether the product is worthy to be produced (Small Business - Chron.com, 2013).
Business statistics also help organizations in what might happen in the future. When looking for risk factors of a given project that your company wants to roll out, data collection and analysing is necessary. This helps in determining if the risk may happen and how destructive it may be to the organization. This helps organization from incurring unnecessary financial losses. (Waller, 2008).
The distribution of gender is between male and female who were varying in age. Job satisfaction among the women and men varies due to their difference in taste. The distribution of ‘tenure Company by gender’ is divided into three sections which includes individuals who have been in the organization for 1-3 years, 2-5 years, and over six years. According to the overall scale of measuring job satisfaction; people who have been in the organization within the period of 1-2 years are least satisfied, 3-5 years are said to be fairly satisfied while 6 years and above are extremely satisfied (Judge and Saari, 2004).
When also using the overall intrinsic job satisfaction scale the results are the same. The sample mean for intrinsic value by gender is 5.6. This means that the majority number of men and women in the organization are satisfied with their job. The probability that an individual will be between 16-21 years of age will be 0.26. The probability that an individual’s job satisfaction is 5.2 or lower will be 0.42. When converted into percentage it will be around 42%, this means 42% of the total number of individuals are either 5.2 or below in the job satisfaction scale. The probability of that an individual in the human resource will be low in the human resource department will be low due to the fact that there are few women compared to men in most of the organizations (Ravid and Haan, 2008). The probability of an individual in the human resource department to be a woman is 0.12.
According to the gathered information during the test of the database the mean of job satisfaction of levels of monthly salaried individuals is 4.2 compared to that of the hourly employed individuals which is 5.7. The probability that the intrinsic satisfaction value of an employee will be five will be 0.6. Probability is of great help to business organizations, it can be used in calculating and determining a future course of action, its effects on the organization’s operations. Different methods of calculating probabilities are used by a business organization to predict future sales as they evaluate any possibility of a risk occurrence (Small Business - Chron.com, 2013).
References
Judge, T. And Saari, L. (2004). EMPLOYEE ATTITUDES AND JOB SATISFACTION. [E-book] New York City: John Wiley & Sons. Pp. 396-410. http://utm.edu/staff/mikem/documents/jobsatisfaction.pdf [Accessed: 18 Nov 2013].
Ravid, R. and Haan, P. (2008). Practical statistics for business. Lanham, MD: University Press of America.
Small Business - Chron.com (2013). The Advantages of Statistics in Business. [Online] Retrieved from: http://smallbusiness.chron.com/advantages-statistics-business-18698.html [Accessed: 18 Nov 2013].
Small Business - Chron.com (2013). The Role of Probability Distribution in Business Management. [Online] Retrieved from: http://smallbusiness.chron.com/role-probability-distribution-business-management-26268.html [Accessed: 18 Nov 2013].
Waller, D. (2008). Statistics for business. Amsterdam: Butterworth-Heinemann.
