Question
2-1 Assignment: Making Difficult Decisions Using Data Company leaders need to keep a watchful eye on the economy and how micro- and macro-environments affect their
2-1 Assignment: Making Difficult Decisions Using Data
Company leaders need to keep a watchful eye on the economy and how micro- and macro-environments affect their business. Successful leaders are always a step ahead. They stay there by leading with data-driven decisions that allow their companies to anticipate and respond to challenges. In this module, you have learned how information is vital in making decisions and solving problems; however, research and analytical skills are also needed to extract value from data. Qualitative and quantitative data and relevant and credible primary and secondary sources are fundamental ingredients for good judgment. Information gathering should align with research objectives.
To a report by the U.S. Department of Commerce, the U.S. economy contracted at an annual rate of 4.8% in the first quarter of this year. For this role, you will take on the position of an HR manager at an air transportation supply company. The company is currently struggling with a significant loss of revenue and considering operational costs. You have been asked to analyze employee performance over the last year and make sense of the data.
Using a summary (provided below) of the company's employee salaries, bonuses, and performance data,
- Interpretation: Discuss your interpretation of the data.
- What questions emerge from your analysis of the data?
- What story can they tell about the company's employees?
- Analysis: Explain how the provided data helps you understand your employees and how the company uses its financial resources. Identify potential gaps or issues in the data.
- What are the quantitative and qualitative data telling you? Are there any underlying issues or perspectives?
- What is the data not telling you?
- What would additional primary and secondary sources help the company make a decision?
- Conclusion and related outcomes: Depict how you have used data to determine a strategy. Use evidence to support your explanations.
- What would your strategy be if you were asked to recommend a 10% reduction in the budget?
- How would you integrate and defend your decision process?
Air Transportation Supplier HR Performance Data Spreadsheet. A summary table of my company's HR performance data will inform your work on this assignment.
I need some help with this project; my last project did not go over so well; my turn it in score was 84; I am looking for a score of 10 or less.
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