Many businesses today are leveraging “data” to help make good decisions.
Pick a company in the S&P 500 and answer the following four questions. Please do not use Amazon.
Each question should be a page and a half long.
1. Many businesses today are leveraging “data” to help make good decisions. But if the right kind of data is not collected, these efforts could be in vain. First, research and describe how your chosen company uses data for workforce management. Then, explain how you would handle it differently (if at all) if you were in charge of Human Resources and Workforce Management for the same company. What is one question related to workforce management that you would want to study? And what data would you want to collect to measure it? For example, you might look at employee satisfaction, production, burnout, turnover, work-life balance, etc.
2. Some businesses try to be proactive with change initiatives. Others, however, seem to be mainly reactionary. But time marches on, and one of the biggest shifts in workforces today is the impact of technology and automation. First, research and describe how your chosen company handles technology’s impact on their workforce. Then, explain how you would handle it differently (if at all) if you were in charge of Human Resources and Workforce Management for the same company. What technology and/or automation risks and opportunities would you project for your company? Do you anticipate a shrinking, expanding, or static workforce over the next several years as the technology becomes more superfluous and capable? Explain your answers.
3. The COVID-19 pandemic tested the resilience and ingenuity of all businesses worldwide. But the virus affected different industries differently, and each business ultimately decided on their own response strategy. First, research and describe how your chosen company handled the COVID-19 pandemic when it was at its worst. Then, explain how you would have handled it differently (if at all) if you were in charge of Human Resources and Workforce Management for the same company. Suppose that a new variant emerges that is more contagious and more serious than anything we’ve seen. How would you respond? What would this mean for your company? Could your workforce and operations survive it?
4. Advanced statistics offer tools that allow us to explore cause-and-effect relationships in unique ways to make smarter decisions. But different tools can tell us different things about the data we look at. First, research and describe how your chosen company is using statistics (if at all) for workforce management. Then, explain how you would handle it differently (if at all) if you were in charge of Human Resources and Workforce Management for the same company. What is one phenomenon that you would want to run a linear regression analysis for? What would your dependent variable be? What would your independent variable(s) be? What would you expect (or hypothesize) to be the result? How and why would the output be useful to your company?
Should also include a minimum of eight (8) sources (one for each of the questions)
