Reference no: EM133142829
Review the Rex Technologies, Inc. case study scenario - Introducing a New Product and Service for Customers
The Rex CEO has just announced a momentous change for the company. He wants to begin constructing new facilities, each with the Rex's best technology-enabled appliances and features, instead of adding technology solutions to customers' existing facilities. This change will require many new employees with different knowledge, skills, and abilities than the current workforce. It will also require dramatically different approaches to marketing and sales. The HR Director asks you to help develop a strategic HR plan to deal with the change. The plan will support the change by proposing HR initiatives related to two of the following four strategic areas:
- Talent acquisition (new employees)
- Talent development (current employees)
- Employee engagement
- Incentivizing employees (compensation, benefits, recognition, employee health, wellness, welfare, work-life programs, etc.)
Determine:
- Situational Metrics: Identify what metrics may be important in determining the right initiatives to support the change (for two of the four strategic areas described above: Talent Acquisition, Talent Development, Employee Engagement, and Incentivizing Employees)
- Data Collection: Where would you find this data to support/identify the metrics you selected?
New for this week's assignment: Identify potential ethical issues and/or risks related to your proposed data collection plan. Provide a risk mitigation plan as needed.
- Collection Results: List the results of data collection (you can make up the numbers for this scenario)
- Hypotheses: What are your hypotheses? Ensure each hypothesis describes the relationship you expect to find between metrics. Have one or more hypotheses for two of the four strategic areas described above: Talent Acquisition, Talent Development, Employee Engagement, and Incentivizing Employees
- Test: Describe at least one type of statistical test that can help you prove or disprove each of your hypotheses. Remember, you want a statistically significant result to show the findings are not just found at random.
- Findings: Summarize the outcome(s)/learning(s) of the analysis
- Recommendations & Initiatives: Describe one human resources initiative for two of the four strategic areas described above (Talent acquisition, Talent development, Employee engagement, and Incentivizing employees). Describe what you would recommend, based on your findings (these should be supported by the findings in the prior step)
- Impact on Business Objectives: For each recommendation/initiative, discuss the impact on each of Rex's business objectives (Financial, HR, Innovation, Sales/Marketing).
- In addition - Discuss if/how each strategic area recommendation/initiative impacts the other strategic areas.
Hypotheses and Recommendations
1. In this week's case study, the HR Director has asked for a plan with four strategic areas of HR initiatives
I Choose (Talent acquisition, Incentivizing employees).
A)
(1) Write one hypothesis that describes the expected relationship between two metrics
(2) Describe what you would hope to learn from testing this hypothesis
(3) Explain how this might lead you to a specific recommendation that would have a meaningful impact on this week's scenario (Introducing a New Product and Service for Customers)
2. Reference the textbook and/or other course resources to support your post
Cascio, W. F., Boudreau, J. W., & Fink, A. A. (2019). Investing in people: Financial impact of human resource initiatives. Society for Human Resource Management.
B)
- Is it an effective hypothesis that describes the expected relationship (e.g., positive or negative correlation, etc.)?
- Do you think testing the hypothesis will provide the information desired by your group member?
- Would the findings of the test lead directly to the recommendation they describe?
(3) Provide at least one recommendation that would strengthen your group member's assignment.