In determining the best companies to work for, a number of variables are considered, including size, average annual pay, and employee turnover rate. Moreover, employee surveys are conducted to assess aspects of the organization's culture, such as trust and openness to change. In an attempt to determine what affects turnover rate, a sample of 33 companies was randomly selected, and data were collected on the average annual bonus and turnover rate (%) for 2008. In addition, a questionnaire was administered to the employees of each company to arrive at a trust index (measured on a scale of 0-100). Below are the multiple regression results. Predictor Coef SE Coef T P R-square Constant 12.1005 0.7826 15.46 0.000 79.6% Trust Index -0.07149 0.01966 -3.64 0.001 Average Bonus -0.0007216 0.0001481 -4,87 0.000 At alpha = 0.01, we can conclude that I. Trust Index is a significant independent variable in explaining turnover rate. II. Average Annual Bonus is a significant independent variable in explaining turnover rate. I only II only Neither I nor II I and II
In determining the best companies to work for, a number of variables are considered, including size, average annual pay, and employee turnover rate. Moreover, employee surveys are conducted to assess aspects of the organization's culture, such as trust and openness to change. In an attempt to determine what affects turnover rate, a sample of 33 companies was randomly selected, and data were collected on the average annual bonus and turnover rate (%) for 2008. In addition, a questionnaire was administered to the employees of each company to arrive at a trust index (measured on a scale of 0-100). Below are the multiple regression results.
|
Predictor |
Coef |
SE Coef |
T |
P |
R-square |
|
Constant |
12.1005 |
0.7826 |
15.46 |
0.000 |
79.6% |
|
Trust Index |
-0.07149 |
0.01966 |
-3.64 |
0.001 |
|
|
Average Bonus |
-0.0007216 |
0.0001481 |
-4,87 |
0.000 |
|
At alpha = 0.01, we can conclude that
I. Trust Index is a significant independent variable in explaining turnover rate.
II. Average Annual Bonus is a significant independent variable in explaining turnover rate.
|
I only |
||
|
II only |
||
|
Neither I nor II |
||
|
I and II |
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