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

HR Scorecard- Video

HR Management Challenges

Workforce Availability and Quality ConcernsInadequate supply of workers with needed skills for

“knowledge jobs”80% of manufacturing jobs report shortage of qualified workers

Education of workers in basic skillsNot enough specific skills, not enough technology skills

Growth in Contingent WorkforceRepresents 20% of the workforceIncreases in temporary workers, independent contractors,

leased employees, and part-timers caused by:Need for flexibility in staffing levelsIncreased difficulty in firing regular employees.Reduced legal liability from contract employeesBoeing Strategy- manage employment cycles in suppliers and

partners

HR Management Challenges

Workforce Demographics and DiversityIncreasing Racial/Ethnic Diversity

From the Melting Pot to the Salad Bowl

More Women in the WorkforceSingle-parent householdsDual-career couplesDomestic partnersWorking mothers and family/childcare

Significantly Aging WorkforceAge discrimination

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.

HRM CaseAdobe Acrobat

Document