Unit 1 assignment – capstone proposal
Capstone proposal: Examining Factors That Influence Employee Retention in Technology Sector
Background and purpose: Technology has experienced significant growth over the past few years due to digital transformations and greater automation. Companies in this sector are constantly striving for competitiveness by attracting top talent and avoiding expensive turnover costs. This research focuses on factors that impact employee retention in technology sectors, and identifies ways companies can reduce staff turnover.
Objectives/Goals: The primary objective of this research is to uncover patterns or correlations between organizational practices and employees’ desirability for remaining with a company, such as reward systems, job satisfaction levels and corporate culture among others. We also aim to determine any key performance indicators (KPIs), which businesses could measure in relation to these factors so that they can track their progress toward optimizing their workforce retention strategies over time.
Scope & Methodology: Our scope will include conducting primary research through surveys & interviews alongside secondary sources of information such as existing reports & studies related to our topic area. In order to get a balanced view of this topic, we will be surveying employees of various tech companies in different locations. Additionally, senior HR staff at certain firms may also be interviewed. When interpreting the results of our data collection, we plan to use qualitative analysis methods along with descriptive statistics approaches so it’s easier to draw useful conclusions.
Timeline & Deliverables: Over the course of four weeks, we expect to complete all necessary phases for carrying out successful execution of this study including data gathering (2 weeks), analysis (1 week) and interpretation/documentation phase (1 week). As deliverables upon completion, a detailed report consisting an executive summary outlining major findings as well as accompanying visualizations/tables comparing results across different target demographics shall be prepared for submission which should provide readers essential information about our research effort quickly in an easy-to-digest format