Template For Extra Credit Fall 2014

Extra Credit Opportunity
Due Wednesday, December 3rd by 11:59pm

Instructions:
Completion of this optional extra credit assignment is worth up to 3 points toward your total point total. Start by reading the background for Tanglewood Case #8 found on pages 48-54 of the Tanglewood casebook. Then, answer the 3 questions below. You can complete this assignment by simply typing your answers on this document using the space below. Be sure to answer each question completely, and submit the assignment through the Turnitin link provided on Blackboard.

Table 3.2 Correlations between survey data and performance indicators

Citizenship Absence Performance Turnover
Work satisfaction
Correlation
0.15
-0.17
0.28
-0.13

p-value
0.06
0.2
<0.01
0.11

Supervisor satisfaction
Correlation
0.22
0.09
0.16
-0.19

p-value
<0.01
0.27
0.05
0.02

Pay satisfaction
Correlation
0.03
0.01
0.04
0.09

p-value
0.71
0.90
0.62
0.27

Benefits satisfaction
Correlation
0.09
-0.07
0.12
-.24

p-value
0.27
0.39
0.14
<0.01

Turnover
Correlation
-0.19
0.32
0.34 n/a

p-value
0.02
<0.01
<0.01

N=153

Use the data in Table 3.2 to answer the following questions:

1.) Use the correlation between Turnover and Citizenship to answer questions 1a and 1b below:

a) Describe the direction, practical significance, and statistical significance of the correlation between Turnover and Citizenship. *Note: Remember that (in this case) “Citizenship” refers to the degree to which someone is a good citizen of the company (e.g., helping out, being a good employee, going “above and beyond”), and not national citizenship.

b) What does this correlation mean? In other words, what does this correlation tell Tanglewood about the relationship between Turnover and Citizenship at the company?

2.) Some of the upper managers at Tanglewood believe that increasing pay is the ultimate answer. Specifically, they believe that increasing pay will help to decrease