Business

BUSINESS 6

Literature Review

  1. Background of the problem/gap

There’s a need for research that connectsbetween undergrad rates among African American males access tofinancial literacy. It is only those that are in high debts thatstill fail to produce higher graduation rates in the African Americanstudent population (Dittrich &amp Carrell,2013).

Although job turnover rates are there, it`s notenough study’s done to make the connection. Much still remains tobe done in investigating the graduation rates for African Americanmales in the U.S (Dittrich &amp Carrell,2013). Further, it seeks to investigate howfinancially deprived HBCUs are faring in the main goal of educatingAfrican American males (Arthur, 2011).Among the minority group (African American), only 19% of thepopulation aged between 22 and 29 years have a college degree(Dittrich &amp Carrell, 2013).

The number of African Americans graduating fromfour-year colleges stills lags by far behind that of their whitecounterparts. Compared to 61% graduation rate of white studentsenrolling in four-year colleges in the first year, the rate forAfrican American students is only at 39%. Arthur(2011) states that completing a collegedegree is held in high esteem in the American society and is oftenused to gauge the quality of an institution.

Theoretical foundations (models and theories to be foundation forstudy

The theoretical framework chosen for this study isbased upon two theories- hierarchy of needs and the expectancy theory(Fee, 2012). The purpose of this frameworkis to establish the relationship between job turnover rates andfinancial literacy in black males by drawing from the needsexperienced as per the hierarchy theorem as well as drawing fromcommitment to work based on financial rewards (Fee, 2012).The framework will thus aid in determining the connection between jobturnover rates and financial literacy

Review of literature topics with key theme foreach one

There are three topics selected for the review ofliterature- job turnover (employment turnover) rates, access tofinancial literacy, and graduation rates for African Americanmales. These topics will help in establishing whether job turnoverrates and financial literacy in black males are related.

Problem Statement

It is not known if and to what extent there is a relationship betweenjob turnover rates and the financial literacy of African Americanmales that have recently graduated from a university.

Study Population and Sample

The population targeted for study will be 64Undergrad graduated African American males. The sites selected forstudy are working places and especially those that hireundergraduates and recruit African American Males. A well-designedsampling technique will play the role of identifying the potentialparticipants on the basis of the inclusion criteria (Fee,2012).

Research Question

RQ1: Is there arelationship between job turnover rates among African American malesfrom ages ( 21-25 years of age) and access financial literacyprograms?

RQ2: Is there arelationship between African American family’s access to financialliteracy programs and African American male graduation rates?

Research Method/Design

Quantitative /correlation Design will be used forthis study to help determine the extent of the relationship betweenjob turnover rates and financial literacy in black males. This designwill prove efficient for establishing the relationships based on thedata collected as well as recognizing the trends and patterns of thedata (Fee, 2012).

Hypothesis/Variables OR Phenomena

H1-There is asignificant relationship betweenjob turnover rates and the financial literacy of African Americanmales that have recently graduated from a university.

Ho-There is norelationship betweenjob turnover rates and the financial literacy of African Americanmales that have recently graduated from a university.

Variables or phenomena being studied

This study will focus mainly on the correlationbetween job turnover rates and financialliteracy in black males. It will also try to derive the possibilitythat undergrad rates among African Americanmales access to financial literacy could be linked to job turnoverrates.

Data collection approaches

Since this is a quantitative study, questionnairesand interviews will be used for collection of data. The interviewswill be totally structured in a manner that only allows intervieweesto select responses from series availed in the interview form (Fee,2012). On the other hand, the questionnairesdesign will provide ample room for the acquisition of the requireddata, unbiased information and response, and data that can beanalyzed and used to make solid conclusions(Fee,2012).

Data Analysis Approach

The approach for analysis will be determined bythe four levels of measurement – nominal, ordinal, interval, andratio (Fee, 2012).

References

Arthur, C. (2011). Financial Literacy Education.Financial Literacy Education, 7(1),1-12.

Dittrich, J., &amp Carrell, M. (2013).Organizational equity perceptions, employee job satisfaction, anddepartmental absence and turnover rates. OrganizationalBehavior and Human Performance, 4(1),29-40.

Fee, J. (2012). Quantitative Methods in Action Research.&nbspActionResearch Methods,&nbsp2(5).