HR Metrics Assignment
HR Metrics Assignment
HR Metrics Assignment
Course: PGDM
Section: A
ASSIGNMENT
HR Metrics: Tools & Techniques in Business
1. Distinguish between HR analytics, People Analytics,
and Workforce analytics.
HR analytics, People Analytics, and Workforce analytics are all related to
analyzing and understanding data related to human resources within an
organization, but there are some differences in their focus and scope:
1. HR analytics: HR analytics is a subset of business analytics that
focuses on using data to optimize HR processes and strategies. It typically
involves analyzing data related to HR activities such as recruitment,
employee engagement, retention, performance, and training. The goal of
HR analytics is to improve the efficiency and effectiveness of HR processes
and decisions.
2. People Analytics: People analytics is a broader term that
encompasses the analysis of data related to all aspects of the employee
lifecycle, from recruitment to retirement. It includes HR analytics but also
goes beyond it to look at data related to employee productivity,
collaboration, satisfaction, and well-being. The goal of people analytics is to
provide insights that can help organizations create a better employee
experience and improve business outcomes.
3. Workforce Analytics: Workforce analytics is a specific type of people
analytics that focuses on analyzing data related to the workforce itself. This
includes data related to workforce demographics, skills, performance,
productivity, and engagement. The goal of workforce analytics is to help
organizations make data-driven decisions about how to manage and
optimize their workforce to achieve their business objectives.
In summary, HR analytics is a subset of people analytics, which is a broader
field that includes workforce analytics as one of its subfields.
Primary sources of data are those obtained directly from the job incumbents
and their managers. Here are some ways to collect primary data for job
analysis:
Secondary sources of data are those obtained from existing documents and
records such as job descriptions, performance evaluations, and
organizational charts. Here are some ways to collect secondary data for job
analysis:
By combining data from primary and secondary sources, analysts can gain a
comprehensive understanding of the job and its requirements, which can be
used to develop effective HR processes and strategies such as recruitment,
selection, training, and performance management.
3.What are the various types of reliability and
validity that managers need to test for the data
collected for recruitment and selection?
Managers need to ensure that the data collected for recruitment and selection
is reliable and valid. Reliability refers to the consistency and stability of the
measurement, while validity refers to the accuracy and appropriateness of
the measurement. Here are some types of reliability and validity that
managers need to test for:
Content validity: This refers to the extent to which a test measures the
relevant content or knowledge of the job. Managers need to ensure that the
test is assessing the required knowledge, skills, and abilities needed for the
job.
Criterion-related validity: This refers to the extent to which a test is
predictive of job performance. Managers need to ensure that the test scores
are related to the job performance of the candidates.
Construct validity: This refers to the extent to which a test measures the
underlying construct or trait it is intended to measure. Managers need to
ensure that the test is measuring the relevant constructs or traits for the job.
By testing for these different types of reliability and validity, managers can
ensure that the data collected for recruitment and selection is reliable, valid,
and appropriate for making informed decisions about hiring candidates.
The steps involved in the point method of job evaluation are as follows:
Job analysis: The first step is to conduct a thorough job analysis to identify
the various factors that contribute to the value or worth of the job.
Factor determination: The next step is to identify and define the specific
factors that will be used to evaluate the job, such as skill, effort,
responsibility, and working conditions.
Point allocation: Points are then allocated to each factor based on the rating
or evaluation. The number of points allocated to each factor reflects its
relative importance to the job.
Total point calculation: The total points for each job are calculated by
adding up the points allocated to each factor.
Job classification: Jobs are then classified or ranked according to their total
point score, with higher scores indicating more valuable or complex jobs.