The Society for Human Resource Management (SHRM) collaborated with Globoforce on a series of organizational surveys with the goal of identifying challenges that HR leaders face and what strategies help them conquer those challenges. A 2016 survey indicates that employee retention/turnover (46%) and employee engagement (36%) were cited as the most important organizational challenges currently faced by HR professionals. One strategy that may have an impact on employee retention, turnover, and engagement is a successful employee recognition program. Surveying small organizations, those with 500 to 2,499 employees, and large organizations, those with 10,000 or more employees, SHRM and Globoforce showed that 326 (77%) of the 423 small organizations have employee retention programs as compared to 167 (87%) of the 192 large organizations a. At the 0.01 level of significance, is there evidence of a signif-icant difference between organizations with 500 to 2,499 em-ployees and organizations with 10,000 or more employees with respect to the proportion that have employee recognition pro-grams? b. Find the p-value in (a) and interpret its meaning
The Society for Human Resource Management (SHRM) collaborated with Globoforce on a series of organizational surveys with the goal of identifying challenges that HR leaders face and what strategies help them conquer those challenges. A 2016 survey indicates that employee retention/turnover (46%) and employee engagement (36%) were cited as the most important organizational challenges currently faced by HR professionals. One strategy that may have an impact on employee retention, turnover, and engagement is a successful employee recognition program. Surveying small organizations, those with 500 to 2,499 employees, and large organizations, those with 10,000 or more employees, SHRM and Globoforce showed that 326 (77%) of the 423 small organizations have employee retention programs as compared to 167 (87%) of the 192 large organizations
a. At the 0.01 level of significance, is there evidence of a signif-icant difference between organizations with 500 to 2,499 em-ployees and organizations with 10,000 or more employees with respect to the proportion that have employee recognition pro-grams?
b. Find the p-value in (a) and interpret its meaning
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