Answer To: HR485M5-5: Interpret human resource metrics. Organizations use metrics to make key decisions and...
Abhishek answered on Aug 09 2021
Running Head: HUMAN RESOURCE MANAGEMENT 1
HUMAN RESOURCE MANAGEMENT 10
HUMAN RESOURCE MANAGEMENT
Table of Contents
Part 1: Annotated Bibliography 4
Source 1: 4
Description: 4
Relatedness: 4
Usefulness: 4
Source 2: 4
Description: 5
Relatedness: 5
Usefulness: 5
Source 3: 5
Description: 5
Relatedness: 6
Usefulness: 6
Source 4: 6
Description: 6
Relatedness: 6
Usefulness: 7
Source 5: 7
Description: 7
Relatedness: 7
Usefulness: 7
Source 6: 7
Description: 8
Relatedness: 8
Usefulness: 8
Part 2: Metrics and Analytics 9
Introduction 9
Significance of Using Human Resource Analytics 9
Using Descriptive and Prescriptive Analytics as HR Manager 9
Avoiding Four Common Errors Made with Metrics 9
Conclusion 10
References 11
Part 1: Annotated Bibliography
Source 1:
Kassick, D. (2019). Workforce analytics and human resource metrics: Algorithmically managed workers, tracking and surveillance technologies and wearable biological measuring devices. Psychosociological Issues in Human Resource Management, 7(2), 55-60 Retrieved from https://eds-b-ebscohost-com.libauth.purdueglobal.edu/eds/pdfviewer/pdfviewer?vid=0&sid=2e06c006-3d61-4bea-802f-3999b49c0756%40pdc-v-sessmgr01
Description:
Survey data from various reputed companies have been driven in the paper by Kassick (2019) to estimate the process of workforce analytics used by the HRM for improving the business outcome through structural equations. Big data analytics is a reliable source operating in numerous businesses, which will lead to better strategic and convenient business dealings.
Relatedness:
Human resources can be more precise in employee investment programs through human capital acquisition, workforce engagement and developing analytics.
Usefulness:
The findings of this study have suggested that big data analytic cab be a useful software that can be used as a suggestive technology that can provide information regarding employee performance and employee behaviors.
Source 2:
Meyers, T. D., Vagner, L., Janoskova, K., Grecu, I., & Grecu, G. (2019). Big data-driven algorithmic decision-making in selecting and managing employees: Advanced predictive analytics, workforce metrics and digital innovations for enhancing organizational human capital. Psychosociological Issues in Human Resource Management, 7(2), 49-54 Retrieved from https://eds-b-ebscohost-com.libauth.purdueglobal.edu/eds/pdfviewer/pdfviewer?vid=0&sid=58d867e5-61a0-4f70-90a4-9a84dfe154bb%40pdc-v-sessmgr02
Description:
As stated by Meyers, Vagner, Janoskova, Grecu and Grecu (2019), the determinants that affect companies in any sector can be analyzed through workforce analytics, which can harness information for predicting personnel where the cloud-based system is reliable sources that can help the human resources gather the employees' information.
Relatedness:
This digital supervision is helpful with the advancement of human resource metrics. This can make a company stay ahead of that of its competitors in the market.
Usefulness:
This can provide insight into how the data-driven techniques can be useful in the decision-making process while selecting and managing the employees.
Source 3:
Mathew, S., Oswal, N., & Ateeq, K. (2021). Artificial Intelligence (AI): Bringing a New Revolution in Human Resource Management (HRM). Grenze International Journal of Engineering & Technology (GIJET), 7(1), 211–218 Retrieved from https://eds-b-ebscohost-com.libauth.purdueglobal.edu/eds/pdfviewer/pdfviewer?vid=0&sid=3431d7de-046b-4061-b45e-dbfee261e071%40sessionmgr102
Description:
HR uses various metrics for recruiting the staff to make their decision making an easier process and Artificial Intelligence (AI). However, as argued by Mathew, Oswal and Ateeq (2021), there are associated challenges with this process, such as limited data sets and ethical issues with a high computing power that has been represented in the study.
Relatedness:
AI can be a useful tool for displaying the correct candidate, better integration of the analytical tools, increased quality of recruitment and better candidate engagement and taking impartial decisions. This can be beneficial in making the companies stay ahead of...