Week Two Discussion Questions
1. What is workforce analytics and how would it benefit your organization?
Workforce analytics are sophisticated methods organizations can use to analyze employee data in order to enhance their competitive advantage. There are six kinds of analytics to manage the workforce, which include: 1. Human-Capital Facts 2. Analytical HR 3. Human-Capital Investment Analysis 4. Workforce Forecasts 5. Talent Value Model and 6. Talent Supply Chain. Human-Capital Facts help identify key indicators of an organization’s overall health. Analytical HR aid in identifying the units, departments or individuals that need attention. Human-Capital Investment Analysis help companies in identifying the actions that have the greatest impact on their business. Workforce Forecasts help organizations in predicting when more staff is needed as well as when to cut back on staff. Talent Value Model aid businesses in identifying the underlining cause(s) of why employees decide to stay or leave the company. Finally, Talent Supply Chain help organizations predict how their workforce needs will adapt to changes in the business environment.
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First, Analytical HR will help my company identify the individuals who are in need of extra attention to succeed in their jobs. Therefore, my organization can come up with a plan to help these employees who are struggling. Second, the Talent Value Model will help analyze the reasons of why employees decided to stay or leave. This will allow my organization to come up with a way of retaining employees. Overall, workforce analytics will be very beneficial to my organization in retaining employees, lowering costs as a result of retention, and improving methods for employees who need additional
In 2007, the Carmichaels started a business to help business owners with their online needs. It is a small company with 15 staff members. The business has web programmers, sales staff, social media consultants, designers, and a mobile design consultant. Roy worked in web page designs which allows him to assist the program and designers. Leslie started with taking care of the finances and the business needs.
Without the role of HR, most Police Departments and even some companies would fail. Projections and analysis are necessary to know what may be right for the future of the department. These HR functions help the officers as well. HR tries to keep compensation and benefits appropriate and competitive for retention and future recruits. These happy officers then benefit the city by being more productive.
It includes a combination of monetary and non-monetary investments that will attract, retain and engage the people needed to operate successfully. " Competitive advantage comes not primarily from designing and implementing best practices but rather from the proper internal alignment of various elements of a company's talent management system, as well as their embeddedness in the value system of the firm, their links to business strategy, and their global coordination" (Stahl,
Introduction Human relations and human resources management play a critical role in every organization since people perform all of the business tasks in order to achieve the business goals and objectives. During the working process, the relations amongst employees and between the employees and the employers may raise problems such as conflicts once the employees work inefficiently, or the employees are not satisfied with the company’s policies or any others. Thus, it is important for a company to manage effectively and efficiently its human resources by scientific management and precise human resources plans in compensation, performance appraisal, training and development. In addition, the human resources strategy must be appropriate with
1. What problems did you encounter when handling the complaint? Whenever I received complaints, the problem is that the subordinates usually deny or come up with some explanations making it difficult to discuss it in a genuine manner. Sometimes even if we reprimand them for their mistakes it creates a very tense environment in the hospital and it also affects the quality of work.
Brown et al. (2013) noted, “We may have sophisticated computer-based systems for managing the stocks and flows of materials and activities across our organizations, but they depend on individual operators putting in the right data at the right time” (p. 222). The aforementioned statement denotes the importance of human resource management. In any organization, whether it is a public or private sector, human resource management is very critical because it could help an organization flourish and attain great sustainability. In contrast, poor human resource management will hinder an organization’s daily operations when problematic issues arise (e.g. low productivity, cultural diversity, and workplace
I have a great deal of experience with consumer economics. While at Ball State as an Instructor I taught a required general education Personal Finance course to over 1,000 students a year. We competed nationally in the America Saves Challenge and Ball State students, under my direction, were “Best in the Nation” 4 years in a row. We started a Debt Free student organization that connected students to alumni, scholarships, and resources on campus to minimize student debt.
Talent development is comprised of organizational human resource processes that are designed with the intent to aid in the motivation, development/growth, attraction, and retention, of productive and engaged employees. In order for a human resource or talent development program to be successful, the employee/individual must be motivated to not only participate in the activities but to learn and apply what has been learned to improve performance. Professionals in the HR/Talent Development department need to understand how to apply motivational tools, processes and theories in order to continuously meet and adapt to the changing needs of their employees, due to the fact that every individual is unique/different. 1. The need-based theories that
Hence recruiting the right skill, retaining them, identifying the best and addressing the under performers play a vital role in the success of any organization. In spite of spending lot of time and money, many organizations fail to understand the human resource issues due to lack of detailed data and challenges which may affect the work force planning, development and productivity. Big data analytics can address these HR issues due to which many organizations are taking a leap towards adopting various big data tools for different HR operations. Big data analytics not only promises potential benefits to identify and hire skilled professionals but also helps to take decisions to manage workforce. However the use of big data analytics in HR also has some risks and challenges which the organizations need to address which include increased exposure, breaches in privacy issues, damage to good will of the organization
I. OVERVIEW Google’s human resource management involves different strategies to address the workforce needs of this diversified business organization. This diversification imposes significant challenges to human resource managers of the company. Nonetheless, there are certain HRM approaches that are generally applied to different areas of Google. For instance, in human resource planning, Google’s HR managers focus on the effective use of forecast information to minimize the surplus or shortage of employees, and to establish a balance between the supply and demand for qualified employees.
INTRODUCTION Human resource management is the strategic approach to the management of an organization 's most valued assets - the people working there who individually and collectively contribute to the achievement of the goals of the business (Armstrong, M., 2006). In other words, human resource management is a to work with employees, and for the employees, to help them solve their problems. Therefore, human resource is a complicate department, as they deal with people who already work there, they also deal with several issues which happen among new employees, such as recruitment, selection and so on. Nowadays, employee retention becomes one of the most significant issue in the organizations, and managers are aiming to find the best employees
Legal issues are constantly changing, and we have to be aware how the legal changes affect the workplace and our employees, Root said (carol). “Issues such as employee attraction, retention and performance strategies are definitely keeping them awake at night,” Stephanie Christopher says. Nine out of ten executives say an effective human resource departments are very important. Human resource departments play a huge role in successfully accomplishing business objectives and gaining a competitive edge. Managing director Stephanie Christopher says, “ It is important to understand the worth of their people.”
All they want is stability but unfortunately the way that HR people act or fail to act increases the pain of the boom or bust phases. Thirdly, workforce planning provides managers with a strategic basics for human resource management decision-making that is based on achieving programe targets. forecasting models based on analysis of the workforce planning allow managers to expect turnover and to plan recruiting and employee development to move across the workforce needed in the future which form a radar for continuous control.
Introduction Talent management is an important aspect of any organization. Excellent talent management guarantees an organization long term success (Pace, 2010). As a result, several organizations have put in place metrics that they practice measuring the success of talent management at the organization. There are a number of metrics that an organization can embrace to determine the success of talent management function and understand that the organization has a formidable task force as discussed below.
A successful talent management process has positive impact on the organization. Workforce planning as the function of human resource management makes organization proactive by evaluating the strategy of organization to determine the quantity talent need in future. Performance Management provides information about existing talent within the