Related questions with answers

A national association devoted to HR and workplace programs, practices, and training wants to study HR department practices and employee turnover of its member organizations. HR professionals and organization executives focus on turnover not only because it has significant cost implications but also because it affects overall business performance. A survey is designed to estimate the proportion of member organizations that have both talent and development programs in place to drive human-capital management as well as the member organizations' mean annual employee turnover cost (cost to fill a frontline employee position left vacant due to turnover). A random sample of 100 member organizations reveals the following: Frontline employee turnover cost: $\bar{X}=\$ 12,500, S=\$ 1,000$ . Thirty member organizations have both talent and development programs in place to drive human-capital management. Construct a 95% confidence interval estimate for the population proportion of member organizations that have both talent and development programs in place to drive human-capital management.

Now move the cursor to cell C4, which holds the new CPI index number. Enter a new index number of 187.5.

Now enter a new CPI of 179 .9 in cell C4. Will the employees get COLA? What is the reason?

The Lentag Company spent $\$ 3,750$ per employee this year to provide a medical insurance benefit for its 1,100 employees. The insurance company notified Lentag that medical insurance costs would increase $12 \%$ next year. Lentag's management decides to keep the same medical coverage but will require employees to pay $15 \%$ of the total cost of the medical insurance increase.