Data collection method - Essay Example

Data collection method Introduction Steven Hall & Partners is a New York Based organization. The organization is a specialized organization in the area of executive compensation. The organization has 30 years of reach history. The New York based organization is related with several services like Director Remuneration, Executive Compensation, Corporate Governance and Non-profit Compensation. The firm is an independent consulting firm. The organization maintains close relationship with the huge client base. Here in this essay a detailed internal analysis will be done about the organization. The essay will also identify the methods used for the purpose of data collection. A suitable conclusion will be drawn at the end of the essay. Internal Analysis The organization has a significant team environment. The New York based company also provides high degree of independence towards their staffs. Individual responsibility and sense of individual respects highly prevails into the company. The company fosters high level of team environments among all the employees. Big assignments and tasks are being divided among the all team members. Generally projects are being staffed with the help of senior level management of the organization. The organization maintains close relationship with their clients and it has helped the organization to create a clear cut relationship with the clients. That is why there is no scope of confusion between the organization and customers. To maintain good relationship with the clients the organization engages itself with various kinds of activities like publishing articles and white papers. The company is related with various kinds of events also. Those events are webcast, Boot camp for compensation committee, Boston NASPP Chapters 6th Annual Regional Conference and 2014 Equilar Executive Compensation Summit. It means the organization gives significant focuses towards the client relationship. Currently the organization has very less number of employees. 10-15 employees are there with the company. Over the years the organization has gone through lots of changes. Those transitions have not been able to cause very serious problems for the company. The organization has a consistent vision for serving the clients. That is why the organization has able to face all the transition in suitable fashion. Although the organization has very less number of employees but still there is well defined organizational structure. The company has 5 managing directors. There are 2 consultants related with the company. For the purpose of administrative supports the organization has 3 administrative staffs. There are five analysts or associates are related with the company. It means there very little hierarchy is present within the organization. Over the years the company has successfully retained their employees. In fact the company has employee who has been associated with it for as long as 35 years. Due to the wonderful working environment, most of the employees spend their whole career with the company. The organization provides high degree of opportunities for the purpose of career growth. With the increasing level of experiences, employees are being promoted into the organization. The New York based company also provides training and mentorship to the junior level employees. Suggestions and the ideas of the junior level employees are being considered seriously. Leadership is an important aspect for the organization. Leadership abilities of the employees are given significant importance into the company. Go getter and self motivating attitudes of the employees are given high priority into the organization. Employees irrespective of any levels are the backbones and main strengths for the company (John, Long and Sievers 78-82). It has been observed that, corporate level and business level strategies of the organization are significantly client oriented. Since the inception period of the organization, the company has given significant focuses towards the client services. Whatever may be the situation the company has not brought any changes into their client orientation strategies. In future also the company will follow the same trends. All the above factors are indicating that the company may be very small in size but the organization has managed all the limited resources for the betterment of internal and external customers. Data collection method Data collection is a significantly important factor for the purpose of organizational analysis. On the basis of the collected data organizations are being analyzed. There are several methods are available for the purpose of data collection. It is very important to choose the right method of data collection for the right purpose. Here in this essay data have been collected with the help of both primary and secondary method. In case of primary data collection, interview method has been chosen. Here in this essay an employee of Steven Hall & Partners has been interviewed. The interview method has significant advantages. In this essay the method has supported the interviewer to develop a close relationship with the particular employee. Due that the employees has shared almost all the possible information related with the company. The interview method has allowed interviewer to ask very critical and strategic questions. Due to the face to face nature of the interview the employees has able to share the information in a detailed fashion. The interview method has assisted the interviewer to get the feel of real time experience. The interview method has provided sufficient information to the interviewer. All those sufficient information have been significantly helpful for the purpose of the organizational analysis. As far as the time effectiveness is concerned interview method is highly suitable. The method of data collection has significantly helped the interviewee to collect the data within very short period of time. Due to the face to face nature there is very little scope of confusion during the interview. The interview method of data collection has supported the interviewee to collect the data in cost effective fashion. Flexibility in data collection is highly important for the purpose of organizational analysis. The interview method used in this essay has provided required degree of flexibility. The high degree of flexibility has allowed the interviewee to adjust his interview questions significantly. In depth analysis required clear and specific information. That information collection has been achieved with the help of interview method only. Secondary data collection method has been used for the purpose of the information collection. Website of the company has been used for the purpose of information collection. This method of information collection is also very advantageous for the purpose of organizational analysis. This secondary source of data collection also has provided lots of information required for the purpose of analysis. It has helped the interviewee to get updated information related with the company. The combination of both primary and secondary information collection method has helped the analysis purpose significantly. Accessing the website of company is significantly easy. It has helped utterly for the purpose of analysis. These two information collection methods have significantly covered the limitations of each other. The two methods of data collection are appropriately suitable in the context of this current analysis. Conclusion The above essay has clearly informed that the organization is an independent private firm related with the executive compensation. It means the organization has very specific targeted customers those customers are executives from the various organizations. During the course of this essay one thing has been observed that, Steven Hall & Partners encourages high degree of team environment into the company. The organization believes in the individual leadership capabilities. The organization also provides the opportunity to grow in the career. Views and suggestions of the all employees are given significant importance. It can be easily concluded that, both primary and secondary method of data collection has been chosen suitably for the purpose of analysis. Reference Newton, John., Susan Long and Burkard Sievers. 2006. Coaching in depth: The organizational role analysis approach. London: Karnac Books. 2006. Print. Read More