Template-type: ReDIF-Article 1.0
Author-Name: Michael Schwandt
Author-Email: michael-schwandt@web.de
Title: Is Your Boss Really Smarter Than You Are? The Influence of the Length of Employment and the Level of Hierarchy on Employee Knowledge about Risk Management
Abstract: This research paper deals with knowledge about risk management; in particular, it examines employee knowledge about handling risks in the construction sector. A survey was conducted among personnel working in the construction business; research methodology is based on a standardised questionnaire. Respondents from all levels of hierarchy and with different lengths of employment are compared in order to find out the influence of these factors on know-how and skills. In the second step data was analysed with statistical methods, such as standard deviation or correlation of different variables. As a main result with regard to the length of service, two groups of employees can be distinguished: Employees with less and employees with more than two years in a company. Two years of service form a kind of threshold, up to which the knowledge increases markedly, while after that it only grows at a slower pace. In terms of the level of hierarchy an almost linear trend was observed, confirming that there is a strong relationship between position within the company and knowledge about risk management: The higher the level of hierarchy, the greater the knowledge of the employees.
Classification-JEL: C12, D81, G32, J24, L74, M12
Keywords: Risk Management; Statistical Data Analysis; Construction Industry
Pages: 47-53
Number: 01
Volume: 11
Year: 2015
File-URL: http://tmp.gtk.uni-miskolc.hu/volumes/2015/01/TMP_2015_01_05_Michael_Schwandt.pdf
File-Format: application/pdf
Handle: RePEc:mic:tmpjrn:v:11:y:2015:i:01:p:47-53