Chapter 6,7 Flashcards
Google’s number of new hires peaked at 200 new employees every week.
2007
- allows HR to quantify its efforts and impact in order to encourage better people decisions
People Analytics
- running and showing the numbers could HR prove that the manager’s idea was indeed incorrect and that new hiring practices were necessary
Evidence-based HR
- Analytics helps us escape our biases and imperfect decision-making
Reducing human bias and subjectivity
- By selecting better candidates, analytics enabled the company to build a stronger and more suitable workforce and thus added to the long-term profitability of the company
A more strategic role
- build better people practices and capabilities that enable and promote the execution of the company’s strategy
A competitive advantage
- firm’s ethical and sometimes legal duty to take care of its employees
Employee focus and regulation
published a book titled “The Principles of Scientific Management”.
Frederick Winslow Taylor (1900s)
increasing unionization enabled workers to publicly protest of their lack of voice and autonomy in the production proces
late 1920s
o studying the impact of lighting conditions on workers, exposing some workers to higher levels of illumination than others
- Elton Mayo
caused a shortage of workers because many left to serve in the military. This resulted in higher wages and high employee turnover
World Wars (WW1: Jul 28, 1914 – Nov 11, 1918; WW2: Sep 1, 1939 – Sep 2, 1945)
- Companies had no choice but to focus on optimizing worker efficiency, and, in turn, this gave birth to
modern personnel management
Skills Needed for People Analytics
- People analytics is an overlap of HRM, finance, and data analytics.
- This involves more ‘traditional’ knowledge such as recruitment, hiring, firing, and compensation
- offers valuable insights to organizations that can help them identify performance gaps and potential issues, mitigate risks, and improve performance.
Quality assurance analytics
- total costs associated with ensuring that a product or service meets quality standards
Quality costs
- used to quantify the number of defects relative to the size of the product or project
Defect density
- refers to the proportion of products or outputs that meet specified quality standards compared to the total number produced
Yield
- materials or products that are deemed unfit for use due to defects or failures to meet quality standards
Scrap
- refer to the measurements used to assess whether a product, service, or process adheres to established standards, regulations, or internal policies
Compliance metrics
The Role of Analytics in Improving Quality Management
- Data-Driven Decision Making
- Enable Continuous Improvement
- Root Cause Analysis
- Supplier Quality Management
o analyzing factors such as production, supplier performance, environmental conditions and more, organizations can recognize the cause behind quality problems
- Root Cause Analysis
o excellent measure of quality management and analytics provides valuable insights into understanding customer needs, preferences and expectations.
- Customer satisfaction
- Analytics-driven quality management systems providing organizations with the tools and capabilities to monitor, analyze, and report on key quality metrics.
Regulatory Compliance