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ASSIGNMENT 8 First, what is a hypothesis: A hypothesis is an…
ASSIGNMENT 8
First, what is a hypothesis: A hypothesis is an assumption, an idea that is proposed for the sake of argument so that it can be tested to see if it might be true.
Instructions: Choose an organization in which you are interested and from which you can obtain the information required in the assignment below. You may want to choose a past or current employer, or you may choose any other organization that interests you. You may choose the same or a different organization from the previous unit. Research the organization through the company website as well as related articles available in the library, and answer the following questions:
Below are the 4 steps you are covering and responding to in your paper:
Step 1 – Based on your learning from Chapters 12 and 13, examine the impact of the benefit plan available at your organization. Begin by describing the benefit plan. Then, appraise the managerial decision-making factors that would be involved in the creation of this plan.
Step 2 – Consider that the benefit plan at your organization is designed to meet the preferences of both the employer and the employee. Identify what you believe are the preferences and personal factors of the employees regarding benefits and explain why these would be important to the employees. This should be in the form of a hypothesis statement of what is important to employees in their benefit plan at the subject organization.
Evaluate your selected hypothesis, and identify both an experimental group of employees as well as a control group of employees who are separate from the experimental group. The control group may be from a different organization or derived from separate findings in the literature in general. Reflect on your understanding of the purpose of a “control group” in such hypothesis testing.
Step 3 – Then, either interview some of these employees to see if their preferences match up with your hypothesis or find documentation in the library or online to support and validate your chosen hypothesis. For instance, you may believe that older employees may value a benefit that provides eldercare such as daycare for their elderly parents so that they can come to work and not worry about leaving a frail older person at home alone. You could then search the library or online for research that has been done or information gathered to support your hypothesis. An online search of the keywords “older workers benefit” would provide some information that could be used to support this hypothesis. However, please be sure to use other hypotheses for your project rather than this one about elder daycare, since it has already been used here as an example.
Please remember that all hypotheses do not have to be correct. You may find that studies exist that do not support your hypothesis, and that is okay. Points will not be deducted for that. Instead, focus on creating your hypothesis and then using good data and information to either support or prove it wrong (refute it).
Step 4 – Complete this Assignment with a conclusion about the hypothesis that you created and how the data worked out to support or refute it. Provide a summary statement indicating whether your original hypothesis was supported or refuted. How well do you think this benefits program at your subject organization succeeds at meeting these different employee preferences and how would you improve the program in this regard?
