The Worked Hours
This report entails the analysis of the data set from the survey which was conducted among the employees from TechnoMart regarding the association between the variation in working hours and the employees at TechnoMart depending on specific factors of change such as the occupation, union membership, and the employee job satisfaction. This report is sub-divided into different parts with the aim of addressing some of the critical concerns raised by the top management. The primary objective of this report is attributed towards making important and crucial decisions of the administration and thus comprises of detailed knowledge regarding the performance of the current workforce of the employees in the organization.
The analysis presented in this report has been varied out by obtaining a wide range of relevant information that made the dataset from a sample of 400 employees from across the TechnoMart Company. The analysis regarding the working hours of the employees has been conducted with a comparison between the union members and the non-union members in relation to the multiple factors of employment such as the occupation, working hours and the job satisfaction. The report is also inclusive of the analysis conducted on the workers over a period of time and the employees nearing the retirement to support the Human Resource Department in helping in the recruitment of the new employees. Consequently, the claims forwarded by the union has been verified and the output has been listed alongside this report.
- An overall view of work hours at TechnoMart
Based on the analysis carried out, an approximate of about 54.0 percent of the workers at TechnoMart were working on an average of duration of about 40.0 hours in every week which results to a half of the workforce. Also, approximately 44.0 percent of the workers at TechnoMart work for more than 40.0 hours in a week. Therefore by finding an average, each worker tend to work for about 45.0 hours in a week. From the analysis, the highest working hours that any worker in the company logged into work constituted for a total of 89.0 hours which were relatively higher than the regular working hours in each and every week.
An average of about 28.0 hours is the minimum amount of time that a given worker could log in to working in the company in one week. From the findings, an average an approximate of one per cent of the workers at TechnoMart work less than any regular or regular working hours in one week as this was obtained by conducting the analysis of regular working hours on a sample of four hundred workers across TechnoMart Company. Therefore, the findings represented here are genuine and which when relied upon by the managers of the company, can lead to a better adjustment in working hours by each employee and thus could result in higher labour output and excellent performance.
- The Comparison of the Union members and the Non-Union members at TechoMart
(a) The Worked Hours
By analyzing four hundred sample of the membership status of workers at TechnoMart, the result indicates that about 83.0% of the workers are not members of the union and only about 17.0% of the workers at the company were members of the union. By getting an average value of workers in the union, each member was found to contribute about 40.0 working hour per week, and in addition to this, the employees who were members of the union worked for bout up to 89.0 hours in every week while the non-members had the lowest logged working hours of about 28.0. The union members for this case contributed to about a minimum amount of 32.0 working hours in every week.
The Job Satisfaction TechnoMart
(b) The Job Satisfaction TechnoMart
The employees who were not members of the union showed a very significant positive attitude and satisfaction towards the likelihood of getting a promotion as compared to the employees who were members of the union at TechnoMart. Moreover, some employees were in both unions at TechnoMart and preferred to quit working for the company if they happen to win a lottery of displaying the import function of capital as an important variable in the company.
(c) The Occupation:
By critical analysis of the occupation of the employees at TechnoMart, the union members in the company mostly belonged to the lower standards of the workforce. The workforce includes the administrative roles, the laborers, the production employees and the rest belonged to the managerial positions. Employees who were non-members made the majority of both the professional and the administrative workforce, and relatively few members belonged to labourers and production workers.
Before the Income Taxes
Based on the analysis, the union members in the organization tend to earn for themselves an average amount of $51.0k which is relatively much more than those members who are not in the union that are typical to gain for themselves an average amount $49.0k. Intuitively, the non-union employees in the union earned for themselves an average amount equivalent to $111.9k per year after income taxes while the union employees earned only a minimum amount of $96.0k per year. Also, about 10.0% of the workers who were not in the union gained amount more than $80.0k while only 7.0 % of the workers in the union received more than $80.0k. Consequently, both unions did not reflect many variations in minimum amount earned.
(e) Job Satisfaction
All the employees who were non-union members were highly satisfied at the rate of 40.0% while the remaining employees in the organization were moderately satisfied and only a few employees at TechnoMart were found to be dissatisfied with their working surrounding. This indicates a good and positive working environment that exists at TechnoMart.
- Predicting Pre-Tax Income at TechnoMart
- According to the analysis done, the total workforce strength in the organization amounted to about 9800 of the employees, and among these, a range of 3884 to 4339 workers was estimated to work on an average amount of about 40.0 hours per week.
- Based on the analysis, about 400-875 employees in the organization work for more than 60.0 hours per week.
- Workers Approaching Retirement at TechnoMart
The following are some of the points based on the employees approaching retirement in the organization considering the fact that there exists a significant amount of workforce that approaches retirement age and thus a good number of employees were at retirement age.
- Among 9800 workers in the organization, about 3761 to 3965 of the workers were found to be in the age bracket of 39.4 years which results to another 15 to 16 years before these workers approach 59.70 years old
- Secondly, those workers who have crossed the retirement age or who were at the retirement age tend to be around 59.70 years old. This is an estimate of about 7556 to 1352 workers among the total employees in the organization (9800 employees).
- The claims made by the Union Members at TechnoMart
- Based on the analysis of the claim made by the union members in the organization, it was found that an average length of employment as compared to the industry standards averaged 7.0 years. The finding indicated that an average range of the workers at TechnoMart crossed the average industry length of 7.50 years. Therefore this claim was valid and thus can be verified
- In the case of the male workers at TechnoMart, an average length was compared against that of the industry (7.50 years) and the finding indicated that the workers were working longer than the industry average and this claim is therefore valid and is also verified as per the analysis.
- In the case of female employees at TechnoMart, an average length was also compared to the standard industry rate of 7.50 years, and the findings also showed that the workers were working longer than the typical industry rate and for this reason, this claim is valid and verified.
- The claim on the union members working average was also compared to the typical industry effective rate of 7.50 years, but the findings, in this case, coincided hence this claim cannot be valid and thus cannot be verified.
- The Future Surveys
- a) In a real sense, the whole population of the employees should be surveyed; however, due to some limitations and restrictions such as time and cost, it would be difficult to carry out a study in the whole survey. Because of this, we are then forced to select a sample of the population to take part in the investigation. This sample thus represents the whole community and any results obtained after the analysis is unquestionably inferred to the total population. Also, getting an ideal size of the sample is difficult as there exist many factors to consider before the selection of a sample size for the survey.
A sample size that is relatively too big may lead to wastage of time and resource in the survey while relatively small smaller sample size may lead to biasness in the final results of the study. A real sample size determination takes into account such factors as the risk of the errors that may be encountered during the survey process and also during the time of data analysis and thus makes the researcher to be much more confident about the accuracy of his or her findings and results. It the risk cannot be taken into consideration, then the size of the sample must be increased to enable us to obtain more valuable results and findings.
The risk also accounts for the degree to which the responses may vary across the participants in the survey and this case, the employees at TechnoMart. If we get a smaller variation with a smaller size of the sample, then there would be no reason for taking a relatively bigger sample size for the survey. Smaller sample size would also account for a degree to which the responses from the participants may vary with the final results of the study. The costs incurred from the survey would also more be much more from the financial perspective. Hence, different sample sizes would exist when to take different combinations of these factors and parameters. The best sample size can is identified by choosing the parameter rate among the given highest factors and then applying it to the survey.
b). For the comprehensive and detailed analysis of any given case under consideration about a given problem in the company, the number of observations recorded should be relatively large. This is because big sample sizes from the survey provide a better analysis that can prevent any possible bias and leads to better results which in turn would lead to better references by one. This also enables one to find and explain the difference that exists between the results sufficiently for the concern. For instance, there only 26 workers who were more than 60.0 hours per week which in this case, is an insufficient estimator of the whole problem under consideration. A larger sample of relatively 260 employees would yield better results for judgments and references.
Conclusion
The data analysis was conducted based on the data provided by the survey of the employees at TechnoMart and the results and summaries of every subject has been displayed in the given analysis files and documents which have been attached with this report to enable faster and easier reference at any given time by the management and any concerned party interested with TechnoMart.
Also, the file and documents presenting the analysis have good sub-divided displays to enable easy reference to users of the information. Among the discussed, included factors such as working hours and factors influencing workers at the company. The analysis presented in this report together with their discussion thus provides supporting recommendations that would be applied by the Human Resource Manager and other concerned parties in the planning and running of the company.
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