Question

You are an IT Consultant at FinTechCo and have been asked to provide advice to the Senior Leadership Team to improve the current recruitment strategies.

All candidates should satisfy the following three criteria to be considered for a position at FinTechCo:

1. Professional qualifications (P)

2. Industry Experience (E)

3. Leadership qualities (L)

FinTechCo has a total of 45 employees. A recent mandatory employee survey revealed:

11 staff have Professional qualifications, the necessary industry Experience and Leadership qualities (i.e. satisfy all three criteria)

15 staff have Professional qualifications and the necessary industry Experience

13 staff have Professional qualifications and Leadership qualities

14 staff have the necessary industry Experience and Leadership qualities

18 staff have Professional qualifications only

4 staff have Leadership qualifications only

a) With the exception of those employees who only have the necessary industry Experience, complete the Venn diagram using the given information.

b) How many employees have the necessary industry Experience only? (Show all working)  

c) What percentage of current employees satisfy all three criteria? (Show all working, rounding your answer to the nearest whole number)

d) What percentage of current employees have both Professional qualifications and the necessary industry Experience? (Show all working, rounding your answer to the nearest whole number)

e) What percentage of current employees have Professional qualifications? (Show all working, rounding your answer to the nearest whole number)

f) What percentage of current employees have the necessary industry Experience? (Show all working, rounding your answer to the nearest whole number)

g) What percentage of current employees have Leadership qualities? (Show all working, rounding your answer to the nearest whole number).

Analysis of the statistical data above:

h) In your opinion, what did the recent survey results reveal as a possible reason for the failure of the IT Manager and IT Team to meet the project goals? Provide a detailed explanation. (At least 2 sentences)

i) Using the hard data calculated as evidence, what other two conclusions can be made about the mandatory employee survey in relation to employee suitability requirements? (At least 2 conclusions using hard data as evidence)

j) Evaluating the above information, provide one recommendation to the Senior Leadership team to improve the current recruitment strategies or the skill-level of the existing employees. Provide an explanation for your recommendation.

Answer 1

Given,

FinTechCo has a total of 45 employees.

11 staff have Professional qualifications, the necessary industry Experience and Leadership qualities (i.e. satisfy all three criteria)

15 staff have Professional qualifications and the necessary industry Experience

13 staff have Professional qualifications and Leadership qualities

14 staff have the necessary industry Experience and Leadership qualities

18 staff have Professional qualifications only

4 staff have Leadership qualifications only

a) With the exception of those employees who only have the necessary industry Experience, complete the Venn diagram using the given information.

b) How many employees have the necessary industry Experience only? (Show all working)  

A. 3

c) What percentage of current employees satisfy all three criteria? (Show all working, rounding your answer to the nearest whole number)

A. 11/45*100=24%

d) What percentage of current employees have both Professional qualifications and the necessary industry Experience? (Show all working, rounding your answer to the nearest whole number)

A. 15/45*100=33%

e) What percentage of current employees have Professional qualifications? (Show all working, rounding your answer to the nearest whole number)

A. (18+4+2+11)/45*100=78%

f) What percentage of current employees have the necessary industry Experience? (Show all working, rounding your answer to the nearest whole number)

A. (3+4+3+11)/45*100=47%

g) What percentage of current employees have Leadership qualities? (Show all working, rounding your answer to the nearest whole number).

A. (4+2+3+11)/45*100=44%

Analysis of the statistical data above:

h) In your opinion, what did the recent survey results reveal as a possible reason for the failure of the IT Manager and IT Team to meet the project goals? Provide a detailed explanation. (At least 2 sentences)

A. Lack of industry experience and leadership qualities in employees though they have professional qualifications. The employees having all the qualities are quite less in number.

i) Using the hard data calculated as evidence, what other two conclusions can be made about the mandatory employee survey in relation to employee suitability requirements? (At least 2 conclusions using hard data as evidence)

A. Conclusions:

1. Percentage of employees having both professional qualifications and industry exposure is nearly half the percentage of employees having professional qualifications.

2. Percentage of employees with industry exposure and leadership skills is less.

j) Evaluating the above information, provide one recommendation to the Senior Leadership team to improve the current recruitment strategies or the skill-level of the existing employees. Provide an explanation for your recommendation.

A. While recruiting importance is to be given not just on professional qualifications but must test the leadership aspects and industrial exposure.

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