Introduction to the Course

There is an opportunity to make a quantum leap in managing human capital through the application of analytics which can be a leap from obsolescence to innovation. It is about scanning the market forces and internal structure, planning the workforce planning towards human capability .It is about applying statistical analysis to uncover the most combination of inputs and throughputs to drive desired outputs. It is a framework to gather, organize and interpret data through HR metrics, scorecard for the purpose of assessing the probability of upcoming events. It takes the gambling out of decision making and helps to have an insight regarding the future.

The HR scorecard is an instrument that enables them to improve the HR function in the organization. It helps to periodically assess effectiveness of HR functions in a wide range of areas, from recruiting to terminations, and including training and development, communications, and legislative compliance. The best way is to prepare the Balanced Scorecard with sound measurement strategies which are able to link HR functions, activity and investment with the overall business strategy.

 

Course Objectives

1. Understand the process for linking employee data to critical business outcomes
   
2. Identify what data should be captured and how to use the data to model and predict employees’ capabilities
   
3. Forecast workforce requirements and utilization for improved business performance
   
4. Identify the primary reasons for attrition and identify high-value employees for leaving.
   
5. Enabling HR to demonstrate its benefaction to achieving corporate goals