Case Study of Store24 (a): Managing Employee Retention Essay
1623 WordsSep 27, 20117 Pages
Case Study of Store24 (A): Managing Employee Retention
Summary: The top executives of a chain of convenience stores, Store24, are attempting to come up with ways to increase employee tenure at their stores. We need to determine the relationship of employee tenure to store profits before they commit to this. They collected profits, management and crew tenure, and site location factors of 75 stores. Based on the data, we recommend that Store24 researches ways to increase employee tenure, more specifically manager tenure. Holding store location factors constant, manager tenure has the greatest impact on profits of Store24 stores.
Problem and Matching Objectives: In defining the problem, we need to determine whether employee drives…show more content…
Furthermore, the F-test shows that the regression model 3 does explain a significant proportion of the variation in profit. Also, the T-test of the Model 3 regression shows that each individual variable in Model 3 regression is significant. It is obvious that there are linear relationships between profit and each variable. Model 3 regression | Coefficients | Standard Reeor | t State | P-value | Lower 95% | Upper 95% | intercept | 60731.364 | 59148.023 | 1.027 | 0.308 | -57430.394 | 178893.122 | MTenure | 842.267 | 131.019 | 6.429 | 0.000 | 580.526 | 1104.008 | CTenure | 1003.624 | 432.926 | 2.318 | 0.024 | 138.754 | 1868.493 | Pop | 3.477 | 1.524 | 2.282 | 0.026 | 0.433 | 6.520 | Comp | -26708.901 | 5681.001 | -4.701 | 0.000 | -38058.005 | -15359.797 | PedCount_2 | 73146.905