Employees in the Business Industry

Question: Discuss about the Report for Employees in the Business Industry. Answer: Introduction The progress of any business industry is depends on the employees within business industry. If employees are satisfied with their job and salary, then there is a positive impact on the production of the industry and overall profit of the industry. It is very important to study the different issues related to the employees within industries. For any business industry, employees are key factor for profit or loss. Every company tries to hire skilled workers or employees for getting more profit. The study of employees becomes essential in every industry due to its significance in the overall process. There are so many factors which need to be analysed. Every industry tries to provide the all facilities to their employees. The performance of the employees is examined in lots of companies. So many companies provide the salary based on performance of the employees. Also, there are so many issues which directly affect the performance of the employees and profit of the company. If the employe es of the business industry are not satisfied with their job and salary then there would be a loss to the company. Research Questions and Hypotheses Research Questions For this research study, first of all it is important to decide the problem statement or the research hypothesis (Babbie, 2009). These research hypotheses will help us for further research process and we will get proper guidelines during the research study. The research hypotheses or questions for this research study are summarised as below: Is there a significant difference in the proportion of male employees and female employees? Is there a significant difference in the average salary for male employees and the female employees? Is there a significant relationship exists between the level of education of the employee and the salary of the employee? Is there a significant difference in the salaries of the employees based on their educational level? Is the proportion of satisfies employees is more than 80%? Hypotheses The established hypotheses are used in the process of testing of hypothesis for checking the claims (Cox and Hinkley, 2000). For this research study the research hypotheses for the research process are developed as below: H1: There is a significant difference in the proportion of male employees and female employees. H2: There is a significant difference in the average salary for the male employees and the female employees. H3: There is a significant relationship exists between the level of education of the employee and the salary of the employee. H4: There is a significant difference in the salaries of the employees based on their education level. H5: The proportion of satisfied employees is more than 80%. For checking these hypotheses we need to collect the data from employees and then analyse this data by using proper methods of data analysis. Operational definition and Measurements For this research study, we have to study the different variables related to the employees of the business industry. The variable gender of the employees is a categorical variable and we use nominal scale of measurement for this variable. We would use the code 0 for male and code 1 for the female for the gender of the employee. The variable salary of the employee is given in the Australian $ and for this variable we use ratio scale of measurement. The variable level of education of the employee is the variable showing the status of the education of employee as undergraduate, graduate, postgraduate, or more. We would use the ordinal scale for this variable such as 1 for undergraduate, 2 for graduate, 3 for postgraduate, 4 for Ph.D or more. The variable satisfaction of the employee shows whether the employee is satisfied with job or not. We would use the nominal scale of measurement for this variable and we would use the code 0 if the employee is not satisfied with job and use the code 1 if the employee is satisfies with job. Research Methodology: Data Collection and Analysis Sampling techniques For purpose of data collection for the study of employees in the business industry, we would select the industry and then we would use the random sampling method for selection of the employees for the research study. We would use the proper technique of random sampling such that employees in the every department would be involved in the research study (Ross, 2014). The sample should be proper representative of the population of entire employees in the industry. Also, proper proportion of the male and female employees should be maintained and there would not be any bias occurred during the process of selection of the random sample. The sample size should not be too less which gives biased results (Casella and Berger, 2002). We would use the sample size more than 100 for getting the unbiased and approximate results for this research study. Method of analysis For this research study, we would collect the sample of employees by using random sampling techniques. For this research study we would use the different statistical tools and techniques for getting the proper conclusions. We would use the descriptive statistics and inferential statistics for this research study. The descriptive statistics is helpful for checking the primary nature of the data (Evans, 2004). We would check the different claims or hypotheses for this research study by using the inferential statistics or the testing of hypothesis. Research Process For this research study, first of all we will decide the problem statement and then we would collect the data for the variables involved in the research study. We would collect the data by using proper methods such as questionnaire, telephonic interviews, etc. After collection of data or responses from the employees we would collect this information or data in a tabular format for the further analysis (Bickel and Doksum, 2000). We would use the proper methods and techniques of statistical data analysis for the collected data. Then we would find out the proper conclusions for this research study. We would take the decisions based on the comparisons of critical value and test statistic value or p-value and alpha value (Dobson, 2001). Expected Research Outcomes In the research study the researcher always expects some outcomes from the experiment or the study (Degroot and Schervish, 2002). For this research study, we would expect that there would be a significant difference in the proportion of the male and female employees. We would also expect the significant difference in the average salary for the male and female employees. We expect that the salary of the employees would be based on the level of education and there would be significant relationship between the salary and education level of the employee. We also expect that the proportion of the satisfied employees would be more than 80%. References Babbie, E, R, 2009, The Practice of Social Research, Wadsworth. Bickel, P, J, and Doksum, K, A, 2000, Mathematical Statistics: Basic Ideas and Selected Topics, Vol I, Prentice Hall. Casella, G, and Berger, R, L, 2002, Statistical Inference, Duxbury Press. Cox, D, R, and Hinkley, D, V, 2000, Theoretical Statistics, Chapman and Hall Ltd. Degroot, M, and Schervish, M, 2002, Probability and Statistics, Addison - Wesley. Dobson, A, J, 2001, An introduction to generalized linear models, Chapman and Hall Ltd. Evans, M, 2004, Probability and Statistics: The Science of Uncertainty, Freeman and Company. Liese, F, and Miescke, K, 2008, Statistical Decision Theory: Estimation, Testing, and Selection, Springer. Pearl, J, 2000, Casuality: models, reasoning, and inference, Cambridge University Press. Ross, S, 2014, Introduction to Probability and Statistics for Engineers and Scientists, London, Academic Press.