LTWageEarnersWeek2 - WAGES AND WAGE EARNERS 1 Wages and...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
WAGES AND WAGE EARNERS 1 Wages and Wage Earners Alma Gonzalez, Billy H. Edom, Jason Hoskins, Nicole Graziano, Shavonne Davenport, Stephanie Heck, Terrika Outing Research and Evaluation/RES341 September 5, 2011 Dr. Benjamin Millard
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
WAGES AND WAGE EARNERS 2 Wages and Wage Earners The wages and wage earners data set includes one hundred observations of annual wages. The data set shows the relation between the annual wages of these one hundred participants and their demographics. Demographics are statistical characteristics of a population (Webster’s Dictionary online, 2011). The demographics in this data set include the industry, occupations, race, gender, age, geographic location, marital status, years of education, and years of experience. The purpose of this research is to analyze the information from the data set in order to determine what factors most significantly affects the annual salary of this population. Finding the factors that help to determine an annual salary can both help an individual and an organization. For example, a job-seeker is looking to make a move to a different part of the country; he or she can determine the odds of succeeding in that particular area. For instance, the majority of the individuals in the southern part of the country are making only half the wage of their counterparts in the north. An individual may want to take that into consideration before he or she moves south. As for organizations, the information collected for this data chart is also important for the organization to succeed. If there ever comes a time where an organization wants to grow, this information can help it to determine what factors it should highlight in order to offer competitive job salaries. Having a step up on an organization’s competitors can help to minimize its amount of unhappy employees, which in turn minimizes the turnover rate. Minimizing a company’s turnover rate is in its best interest enabling the company to spend less on training new employees, and more on growth through experience. Focusing on the areas where an organization falls short helps both the individual and the organization in the end. The research provided alludes to two factors that significantly affect the annual salary of individuals while trying to succeed in a career. After an extensive amount of searching, one would like
Background image of page 2
WAGES AND WAGE EARNERS 3 to assume that one of these factors is because minorities are not well represented in upper wage percentiles of the work force. However, the data set will show otherwise. The data shows many
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/08/2011 for the course BUSINESS M RES 341 taught by Professor Benmillard during the Fall '11 term at University of Phoenix.

Page1 / 7

LTWageEarnersWeek2 - WAGES AND WAGE EARNERS 1 Wages and...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online