Answer Happy

Employee longevity A large insurance company has developed a model to identify the factors associated with employee turnover. The dependent variable is number of years an employee stays with the company before leaving. The independent variables are: • whether the employee had received a promotion within the 12 months prior to leaving (1=yes, O=no) • the average of the employee's last two performance reviews (10-point rating scale) • number of people in the employees working group who had left the working group within the last 18 months, regardless of reason (promotion, termination, relocation, quitting, etc.) The model: Years = 2.73 + .91 (if promotion received) + 24 (performance review score) - .55 (# of work group departures) 1 R = 51, R2 = .26 Please explain the model: Interpret the meaning of the intercept and the three slope coefficients (2*4=8 points). Interpret the model fit (3 points)