1 / 6

Human Resource Analytics

Human Resource Analytics. Module 1. What are HR Analytics. Facts and Data for Understanding Facts and Data for Prediction Facts and Data for Control Performance to Plan Metrics Project Management Metrics Stoplight Charts Hiring, Labor Cost, Benefit Cost, Collective Bargaining Metrics.

thom
Download Presentation

Human Resource Analytics

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Human Resource Analytics Module 1

  2. What are HR Analytics • Facts and Data for Understanding • Facts and Data for Prediction • Facts and Data for Control • Performance to Plan Metrics • Project Management Metrics • Stoplight Charts • Hiring, Labor Cost, Benefit Cost, Collective Bargaining Metrics

  3. HR Scorecard- Video

  4. HR Management Challenges • Workforce Availability and Quality Concerns • Inadequate supply of workers with needed skills for “knowledge jobs” • 80% of manufacturing jobs report shortage of qualified workers • Education of workers in basic skills • Not enough specific skills, not enough technology skills • Growth in Contingent Workforce • Represents 20% of the workforce • Increases in temporary workers, independent contractors, leased employees, and part-timers caused by: • Need for flexibility in staffing levels • Increased difficulty in firing regular employees. • Reduced legal liability from contract employees • Boeing Strategy- manage employment cycles in suppliers and partners

  5. HR Management Challenges • Workforce Demographics and Diversity • Increasing Racial/Ethnic Diversity • From the Melting Pot to the Salad Bowl • More Women in the Workforce • Single-parent households • Dual-career couples • Domestic partners • Working mothers and family/childcare • Significantly Aging Workforce • Age discrimination

  6. HR Management Challenges • Organizational Cost Pressures and Restructuring • Mergers and Acquisitions • “Right-sizing”—eliminating of layers of management, closing facilities, merging with other organizations, and outplacing workers • Intended results are flatter organizations, increases in productivity, quality, service and lower costs. • Costs are “survivor mentality”, loss of employee loyalty, and turnover of valuable employees. • HR managers must work toward ensuring cultural compatibility in mergers.

More Related