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Industrial Economics and Management Principles - Assignment Example

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The author of this assignment "Industrial Economics and Management Principles" casts light on NASA's management. It is stated that after the shutdown of the shuttle program in NASA, there are possibilities that the contractors who hire the employees would suffer more than the direct NASA employees…
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Industrial Economics and Management Principles
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The factors that are identified by ATK while constructing the flight risk model include the age and the tenure of the employee in the organization, his marital status and the complexities of this work, relation with the other employees included in the flight risk model, any change seen in the issues that were related with benefits and seasonality. Of these factors, changes seen in the issues that provide the benefits and complexities of the work level contributed the maximum for increased turnover while marital status seemed to be the least important for voluntary turnover for the employees.
The statistical model introduced in NASA and ATK for calculating the employee turnover might have benefitted the employees there buy it is not necessary the model would do the same for other companies too. The model brought information more about the employees who were found in the bottom lines jobs. There was no information about the other employees in the hierarchy. Besides, there were less analytical skill sets in the model which would be necessary while understanding the work climate in an organization. Read More
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