Salary Competitiveness Ratio

1.  Review the Rex Technologies, Inc. case study scenario Business Case Scenario: Rex Technologies, Inc. Rex Technologies, Inc. is a privately-held technology firm. Founded as an “Internet of Things (IoT)” device manufacturer with just 10 employees, Rex has grown rapidly by providing secure IoT devices focused on machine-to-machine (M2M) communication and automation to large production facilities and operations for businesses and government, enabling more efficient operations and cost savings. Headquarters in Boston, MA with 254 employees. Small satellite locations in New York, NY; San Francisco, CA; Atlanta, GA; and Houston, TX. Each with approximately 30 employees, most of which support sales and customers service. Revenue: Year 1: $14M Year 2: $31M Year 3: $45M Year 4: $57M Year 5: $65M (forecasted) Business Objectives: Financial – double revenue ($114M) by Year 6 Human Resources – acquire and maintain a skilled and engaged workforce that exceeds customer expectations… make customers delighted! Sales & Marketing – create a strong brand position and grow customer base (double west coast customers) Innovation – stay on the cutting edge of technology to provide market-leading, effective, and secure products   Expand San Francisco office The CEO has directed the construction of a new facility for a west coast business hub.  He wants it to be approximately the same size of the Boston-based office to rapidly expand business on the west coast, with the goal of doubling revenue by Year 6. The current office manager in San Francisco has expressed concerns about acquiring the needed workforce at current salary levels.  He also believes retention is lower than it should be due to intense competition for skilled technology workers. He recommends significantly increasing salaries and introducing performance bonuses, at least for San Francisco-based employees. Your job is to determine: Is there a problem with retention in the San Francisco office? If there is a problem, is an increase in compensation likely to fix the problem? If compensation isn’t the fix, what could help improve retention?   Determine: Situational Metrics: Collect the following metrics: Retention Rate Salary Competitiveness Ratio (SCR) Collect any additional metrics you believe may be helpful in answering the questions listed above. For Retention Rate, SCR, an any other metric you selected, explain why they should be collected (i.e., explain how these numbers help us better understand the situation).   Data Collection: Where would you find this data / how do you collect the metrics you selected?   Collection Results: In this scenario, you find: Retention Rate: 70% (Boston office is 89%) SCR: 0.8   Hypotheses: Use the following hypothesis: As SCR increases, the Retention Rate increases. Develop at least one more hypothesis that may help to determine the root cause of the lower retention.  Ensure the hypothesis describes the relationship you expect to find between metrics.   Test: Describe at least one type of statistical test that can help you prove or disprove your hypotheses. Remember, you want a statistically significant result to show the findings are not just found at random.   Findings: Summarize the outcome(s)/learning(s) from your statistical test (i.e., did you prove or disprove your hypotheses? What are relationships (e.g., positive correlation, negative correlation, causation, etc.) between the metrics?   Recommendations & Initiatives: Outline one initiative you would recommend (these should be supported by the findings in the prior step). For example, if the findings show that as SRC increases that the Retention Rate does increase, your initiative should do something that improves SCR.   Impact on Business Objectives: For your recommendation/initiative, discuss the impact on each of Rex’s business objectives (Financial, HR, Innovation, Sales/Marketing)   2. Write a detailed paper using the attached template: HRM6025 – Week 3 Assignment template Actions – Page length should be approximately 5 or 6 pages (including coversheet and reference list).  Page length is a guide only.  Content is more important than page length. – Ensure you use APA style (formatting, references, citations)   3. The following list of metrics may help identify metrics for this assignment:  Sample HR Metrics – 2019(1).pdf – Please note that this only lists some examples of metrics.  There are many other possibilities.

Struggling to find relevant content? Order a custom essay on
Salary Competitiveness Ratio
Let our experts save you the hassle
Order Now
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with GPA Fix
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Always perfect!!! Don is the best!
Customer 452453, July 27th, 2021
Customer 452813, June 20th, 2022
Great work. thank you again!
Customer 452707, August 7th, 2022
Perfectly done! Thanks again.
Customer 452707, July 18th, 2022
Strategic Management
Thanks for the help, really appreciate it
Customer 452821, September 8th, 2022
Social Work and Human Services
Excellent Work!
Customer 452587, August 24th, 2021
Great writing! Really appreciate your help!
Customer 452503, April 22nd, 2021
Great work! Thank so much!
Customer 452707, March 1st, 2022
Database design and optimization
thanks for busting this out so expeditiously. I hope that I get a good grade.
Customer 452715, February 19th, 2022
Social Work and Human Services
Excellent! Done earlier than needed and with more sources than needed! Great work!
Customer 452485, August 22nd, 2021
Social Work and Human Services
Thank you
Customer 452559, July 2nd, 2021
Customer 452813, July 5th, 2022
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
error: Content is protected !!