Casestudy Case Study Example | Topics and Well Written Essays - 500 words

Casestudy - Case Study ExampleWe at Lauren unfeignedly regret the unavoidable employee lay-off situation that followed our acquisition of occidental Company. We have received complaints by former Western employees who feel aggrieved by the amount of interruption package we have stepped forward to offer our unfortunate brothers whose prize services were cut short at the firm for sustainability reasons. For demonstration we shall pick the case of Bill Smith, a recently laid off Western employee, who we understand is concerned that Lauren is not genuine in the severance package offered to him. To clarify our stand, Lauren has hired the services of a statistician who worked out the figures contained in the analysis infra regarding our severance packages policy.The output above shows the coefficients generated when the data from the randomly picked former Lauren employees is executed. We use the table values to design a linear standard that can be used to determine the amount of s everance requital for any employee at the firm and emerging subsidiaries. The model is supposed to acquire the formy = 0 + 1x1 + 2x2 + 3x3 since we have got three independent variables employees age at the time of termination of the contract, the length of time the employee has worked with us, and the one-year pay of the employee. We have also one dependent variable, weeks of severance pay.From the figure obtained above (-2228.2 weeks), it is clear that the model does not exactly obey the assumption that the pay period is directly related to any linear combination of the factors listed by Lauren as the determining factors of pay period. This is a serious fact because it exposes Lauren as a company that does not honour or follow any pre-set procedures in administration of the severance package.The minus value indicates that Mr. Smith is supposed to work for firm for another over 2220 weeks, a situation that depicts him as