HRA Flashcards
(30 cards)
refers to the people who make up the workforce of an organization, as well as the strategies, policies, and practices used to manage them effectively.
Human Resource (HR)
Key Aspects of Human Resource
- Human Capital
- HR Management (HRM)
- HR as a Strategic Function
- HR and Business Strategy
HR represents an organization’s most valuable asset: its employees. It encompasses their skills, knowledge, experience, and potential for growth.
Human Capital
This involves designing and implementing policies related to employee hiring, training, performance evaluation, compensation, and overall workforce management.
HR Management (HRM)
Modern HR goes beyond administrative tasks; it plays a crucial role in shaping an organization’s culture, driving employee engagement, and aligning human capital with business objectives.
HR as a Strategic Function
HR professionals align workforce management with business goals, ensuring that employees contribute effectively to organizational success.
HR and Business Strategy
refers to the use of data analysis, statistical methods, and business intelligence techniques to measure, manage, and improve human resource processes and decision-making.
Human Resource Analytics
It is a critical function within an organization that focuses on recruiting, training, developing, and retaining employees to maximize their potential and contribute to business success
Human Resource (HR)
Key Aspects of Human Resource (HR) Analytics
- Data-driven decision making
- Types of HR Analytics
- Key HR Metrics in HR Analytics
- Benefits of as HR Analytics
HR analytics helps organizations make informed decisions based on real data rather than intuition or guesswork.
Data-Driven Decision-Making
Types of HR Analytics
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
Examines past HR data to understand workforce trends (e.g., turnover rates, absenteeism, employee engagement)
Descriptive Analytics
Uses historical data to forecast future workforce trends (e.g., predicting employee attrition or future skill gaps).
Predictive Analytics
Recommends specific HR actions to improve workforce management (e.g., strategies for increasing employee retention).
Prescriptive Analytics
Key HR Metrics in HR Analytics
Employee Turnover Rate
Recruitment Metrics
Employee Productivity
Engagement & Satisfaction Scores
Measures the percentage of employees leaving the company within a given period.
Employee Turnover Rate
Evaluates hiring efficiency (e.g., time-to-hire, cost-per-hire, quality of hire).
Recruitment Metrics
Assesses workforce efficiency and performance.
Employee Productivity
Uses surveys and feedback to measure employee morale and job satisfaction.
Engagement & Satisfaction Scores
Benefits of HR Analytics
- Improves talent acquisition and retention strategies.
- Helps in workforce planning and optimization.
- Enhances employee engagement and performance management.
- Reduces HR-related costs through data-driven insights
8 HR FUNCTIONS
- Talent Acquisition & Recruitment
- Training & Development
- Performance Management
- Compensation & Benefits Management
- Employee Relations & Engagement
- Workforce Planning & HR Analytics
- Compliance & Labor Law Management
- Succession Planning & Career Development
ensure that an organization effectively attracts, develops, retains, and manages its workforce. A strong HR strategy supports business growth, enhances employee satisfaction, and drives organizational success.
These (8) eight HR functions ensure that an organization effectively attracts, develops, retains, and manages its workforce. A strong HR strategy supports business growth, enhances employee satisfaction, and drives organizational success.
The process of identifying, attracting, and hiring the best candidates for job positions within the organization.
Talent Acquisition & Recruitment
The continuous process of enhancing employees’ skills, knowledge, and abilities to improve job performance and career growth
Training & Development