Ask Financial Management Expert

Strategic Surveys

In order to monitor the satisfaction levels of employees and determine whether or not turnover will be an issue, an organization should implement some type of survey to receive feedback. Feedback can be used to address areas of dissatisfaction and improve attitudes in the workplace. It may also allow companies to have a means of comparison to other organizations in their industry. Most companies benefit from using existing measures that rely on workers' self-reports, as these measures often have significant data on reliability and validity, and therefore allow for comparison with other organizations.

In this exercise, please read the mini-case and answer the questions that follow.

Ben was a senior manager at Overland Toys. He noticed that his employees had been having an increased number of absences and never seemed to be in the right frame of mind or paying attention to their roles while at work. He decided that drastic times called for drastic measures, which meant it was time to take action and assess the situation as thoroughly as possible. Ben implemented the Job Descriptive Index (JDI), a standardized measure that emphasizes major facets of employee satisfaction.

After analyzing the results of the JDI, Ben recognized that employees were dissatisfied with the pay and promotion opportunities in the organization. Ben used these results to compare them with the compensation practices and satisfaction at KB Toys, Toys "R" Us, and other toy stores in the industry. The JDI results also demonstrated that employees at particular Overland stores tended to have much higher satisfaction with their colleagues and the work itself. Ben decided to visit these stores and find out why this was occurring and see if there were activities or ideas that he could share with other stores to improve satisfaction levels.

Almost nine months after implementing the JDI at Overland Toys, HR managers decided to introduce a new forced ranking performance appraisal system. When Ben distributed the next annual evaluation of satisfaction using the JDI, he discovered that satisfaction with supervisors had decreased dramatically. Ben surmised that the new forced ranking performance assessment process had something to do with this reduction. He set up meetings with HR officials and, after several months, helped develop a behaviorally anchored rating system that he thought would be effective in improving employees' satisfaction with their supervisors.

Ben also decided to use the JDI as part of the exit interview process. That way, he would obtain valuable information about why individuals were leaving the organization and use it to either improve the overall work situation or to help the individual employee should he or she return to the company.

1). By surveying employees before and after the introduction of the forced ranking performance appraisal system, Ben was able to do which of the following?

A). Check for best practices

B). Emphasize overall satisfaction

C). Allow the company to compare itself with other organizations

D). Assess the impact of policy changes

2). Ben used the results of the JDI to compare compensation practices at Overland Toys with other major toy stores in the industry. It was able to check for differences between units to

A). Establish training programs

B). Benchmark best practices

C). Impact assessment

D). Gain a competitive advantage

3). By analyzing similarities and differences among the JDI results within the organization, Ben realized that some stores had higher work and colleague satisfaction. When Ben tells other units about activities and ideas that the stores with higher satisfaction have implemented, he is sharing

A). Best practices

B). Policy information

C). Measure data

D). Assessment impact

4). If Ben and the HR managers do nothing about the promotion opportunities in the organization, employee satisfaction is likely to be ___________ than it would be in the absence of a survey.

A). Higher

B). The same

C). Lower

5). When Ben decided to use the JDI as part of the exit interview process, he was using a(n)

A). Strategic retention policy

B). Satisfaction strategy

C). Turnover policy

D). Employee assistance program

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92879514

Have any Question?


Related Questions in Financial Management

Assignment problems1 on the day harry was born his parents

Assignment Problems 1. On the day Harry was born, his parents put $1600 into an investment account that promises to pay a fixed interest rate of 5 percent per year. How much money will Harry have in this account when he ...

1 activities of a company that require the spending of cash

1) Activities of a company that require the spending of cash are known as: A) Uses of cash. B) Cash on hand. C) Cash receipts. D) Sources of cash. E) Cash collections. 2) Relationships determined from a firm's financial ...

Module discussion forumto prepare for this discussion

Module : Discussion Forum To prepare for this discussion, review "Basics of Speechwriting" and "Basics of Giving a Speech" in textbook Chapter 15. Then watch this video of Apple founder and CEO Steve Jobs giving the 2005 ...

Launching a new product linefor this portfolio project

Launching a New Product Line For this Portfolio Project Option, you will act as an employee in a large company that develops and distributes men's and women's personal care products. The company has developed a new produ ...

Question 1 discuss valuing bonds and how interest rates

Question : 1) Discuss valuing bonds and how interest rates affect their value. Also consider the importance of the yield-to-maturity (YTM). 2) Discuss common stocks and preferred stocks. Also, which common stock valuatio ...

Introductionlast week you determined the root causes of the

Introduction Last week, you determined the root cause(s) of the problem you are trying to resolve for your final paper. As a reminder, the decision you are working on is the one that you selected in week two. This week, ...

You have owned and operated a successful brick-and-mortar

You have owned and operated a successful brick-and-mortar business for several years. Due to increased competition from other retailers, you have decided to expand your operations to sell your products via the Internet. ...

You will be conducting an interview with a market research

You will be conducting an interview with a market research professional or a company representative. Use the results of your research to make specific recommendations on how market research can be applied to the Marketpl ...

Question 1 what is marketing research what are the two

Question 1: What is marketing research? What are the two primary types of research? Question 2: What factors influence marketing research? Question 3: The role of statistics in business decision-making? Assignment : Sele ...

Chapter 74 for commercial banks what is meant by a managed

Chapter 7 4. For commercial banks, what is meant by a managed liability? What role do liquid assets play on the balance sheet of commercial banks? What role do money market instruments play in the asset and liability man ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As