Statistics for HR Professionals

Descriptive, predictive, and prescriptive
statistics allow us to “manage tomorrow, today” (Pease, Byerly & Fitz-enz,
2012). They can help us see what currently is and show us a path on how we can
be more successful tomorrow.

 

Write a 3 page paper on the following points:

 

What is the goal of a descriptive statistic?

Provide an example of a descriptive statistic HR may
use (besides turnover). 

Identify another variable that can be employed to
provide more insight (Pease, Byerly and Fitz-enz refer to this as “stats
on steroids”).

Imagine you could look into the future to see if trends
continue. What impact could an understanding of this data
have for the organization?