Poster Number

122

Session Title

Wages and Economics

Presenter Information

Jacob WacasterFollow

Document Type

Poster Presentation

Faculty Mentor

Louis Pantuosco, Ph.D.

College

College of Business Administration

Description

Over the last few decades, the turnover rates for employees of Fortune 500 companies have continued to rise. As this rate continues to get higher, companies begin to lose efficiency, as they have to devote more time to training new employees and less time toward production. My research project involves looking at the effects of Corporate Social Responsibility programs and wages on turnover rates for Fortune 500 companies, in order to assess whether investing in CSR programs or raising wages will better help address the turnover issue. To determine the effect of CSR investing, I will compare the median tenure of employees in Fortune 500 companies versus their CSR score to determine a correlation coefficient between tenure and CSR score. I will then use the same process to determine the effects of wages on job satisfaction, swapping CSR scores for median pay within the same companies. Once I am able to isolate the effects of CSR scores and wages on median employee tenure, I will be able to perform a cost-benefit analysis to determine whether it would be more efficient for these companies to invest in CSR programs or raise median pay to increase median tenure and reduce employee turnover. From this analysis, conclusions will be drawn about how a Fortune 500 company should invest capital should it wish to reduce turnover in an effort to increase productivity and efficiency.

Course Assignment

ECON 345 – Pantuosco

Included in

Economics Commons

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Apr 24th, 12:00 AM

Determining the Effects of Corporate Social Responsibility Programs and Wages on Turnover Rates for Fortune 500 Companies

Over the last few decades, the turnover rates for employees of Fortune 500 companies have continued to rise. As this rate continues to get higher, companies begin to lose efficiency, as they have to devote more time to training new employees and less time toward production. My research project involves looking at the effects of Corporate Social Responsibility programs and wages on turnover rates for Fortune 500 companies, in order to assess whether investing in CSR programs or raising wages will better help address the turnover issue. To determine the effect of CSR investing, I will compare the median tenure of employees in Fortune 500 companies versus their CSR score to determine a correlation coefficient between tenure and CSR score. I will then use the same process to determine the effects of wages on job satisfaction, swapping CSR scores for median pay within the same companies. Once I am able to isolate the effects of CSR scores and wages on median employee tenure, I will be able to perform a cost-benefit analysis to determine whether it would be more efficient for these companies to invest in CSR programs or raise median pay to increase median tenure and reduce employee turnover. From this analysis, conclusions will be drawn about how a Fortune 500 company should invest capital should it wish to reduce turnover in an effort to increase productivity and efficiency.

 

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