Meaning of statement Correlation Does Not equal Causation

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Question

1. Explain the concepts of efficiency, effectiveness, and impact in the context of HR decisions. Provide an example.

2. Explain the meaning of the statement "Correlation Does Not equal Causation". (give examples and expand on correlation and causation)

3. You are a talent manager for a multinational telecommunications company consisting of several cellular operators across the world. Your most recent cellular operator (MobiFon) is in an Eastern European country and has 2,000 employees. Of the 2,000 employees there are over 200 expats, the majority of which are engineers who are instrumental in the startup of the technical side of the business. Despite the tremendous cost of an expat workforce (1 expat =8 locals, salary-wise) the reason for employing such a large number of expats is mainly the lack of local know-how (although the local workforce seems otherwise quite qualified. The company has been operating for 12 months and the expat contracts expire at the 24 months mark. Given that one of the organization's goals is to recoup its initial [substantial] investment as quickly as possible, what will be your talent strategy?

Reference no: EM133862791

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