Samantha Is a Human Resource Associate for a Small Factory

Essay

Samantha is a Human Resource Associate for a small factory, and management asked her department to evaluate current wage trends. Ultimately, management has expressed concerns about the turnover the factory experienced over the past couple of years, and they hope to use analytics to determine possible causes. The company experienced a lot of turnover that has caused a lot of change in the rates paid to different hourly workers. The accounting department gathered the following data about 10 factory workers employed during the two-year period: Samantha needs to use data analytics to assist in the investigation into possible causes for this turnover. With this information in mind, please answer the following questions. Use Excel or a similar spreadsheet program as appropriate.
a. Samantha would like to determine what the average hourly wage is. Using horizontal analysis, what is the percent change in the average hourly wage between this year and last year?
b. Samantha determines the market average wage rate for similar positions is $14.54 per hour. According to the data used in part a), is the factory competitive? What course of action could management take to ensure they either become or remain competitive?
c. Samantha would like to create a visual depiction of the average wages for the current and previous year compared to the average wages mentioned in b). Create an appropriate graph or visual, and explain why you selected that type of graph or visual.