Overview
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’ve learned how information is key in
making decisions and solving problems; however, research and analytical
skills are also needed to extract value from data. Information-gathering
should align with research objectives. Qualitative and quantitative
data alongside relevant and credible primary and secondary sources are
fundamental ingredients for informing good judgement.
Prompt
In 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 assignment, you will take on the role 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, address the following rubric criteria:
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 is using its financial
resources. Identify potential gaps or issues in the data.
What is the quantitative and qualitative data telling you? Are there any underlying issues or perspectives?
What is the data not telling you?
What additional primary and secondary sources would help the company make a decision?
Conclusion and related outcomes: Describe 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 synthesize and defend your decision process?
This resource will assist you as you complete your paper.
Air Transportation Supplier HR Performance Data Spreadsheet. This summary table of your company’s HR performance data will inform your work on this assignment.
What to Submit
Complete the Making Decisions and Overcoming Bias Using Research
worksheet in your Soomo webtext, download your completed work, and
submit it in Brightspace for instructor feedback. You should write using
a professional voice, and any sources should be cited according to APA
style. Your assignment must be between 400 and 800 words in length.
