HR Metrics - Tools to Compile Data Flashcards

1
Q

HR Analysis in Excel

Query

A

RQ from data that filters & formats information from a spreadsheet/database.

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2
Q

HR Analysis in Excel

Sorting

A

Arranging data in a specific order (alphabetical, lowest to highest, etc.)

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3
Q

HR Analysis in Excel

Filter

A

Looking for specific data from a location or department.

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4
Q

HR Analysis in Excel

VLOOKUP

A

Excel formula used to filter through data to reveal specific information from two columns and displays it as one.

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5
Q

HR Analysis in Excel

Pivot Table

A

Summarization tool that can sort, count, and sum up data stored in tables and display it via. interactive fields and filter buttons.

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6
Q

Statistical Applications Used for HR

A
  1. R
  2. Python
  3. Power BI (business intelligence)
  4. Tableau
  5. Excel
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7
Q

Evidence-Based Decision Making

A

Identifying strats and solutions to HR problems using empirical data.

  • Gives more credibility to a decision made by HR.
  • Collaborative effort - increases communication w all leadership.
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8
Q

HRIS (Human Resource Information System)

A

Designed to help HR professionals carry out the daily functions necessary for the company.

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9
Q

Reliability

A

Refers to if a measure is consistent and repeatable.

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10
Q

Validity

A

If an instrument measures what it’s supposed to measure.

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11
Q

Qualitative Data

A

Data that is categorical and typically non-numerical; based off observations, interviews, etc.

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12
Q

Quantitative Data

A

Data that is numerical & statistics-driven - derived from surveys and other quantifiable media.

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13
Q

Descriptive Statistics

A

Summarizes characteristics of a data set.

  • Mean, median, mode - variance or SD.
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14
Q

Inferential Statistics

A

Test hypothesis/make inferences about a larger population based on studying a sample of that population.

  • Try to test how dif. variables relate to the larger population.
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15
Q

Employee Engagement Survey

A

An empirical way to analyze an employee’s experience - also allows for open & honest feedback.

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16
Q

Pulse Survey

A

Short survey that empirically measures specific topics in an organization.

  • Helps measure changing opinions and trends over time.
17
Q

Types of Interviews

A
  1. Structured Interview
  2. Patterned Interview
  3. Stress Interview
  4. Directive Interview
  5. Nondirective Interview
  6. Behavioral Interview
  7. Situational Interview
18
Q

Types of Interviews

Structured Interview

A

Interviewee asked the same questions.

19
Q

Types of Interviews

Patterned Interview

A

Interviewees asked different questions that have the same body of knowledge, skill, or ability

20
Q

Types of Interviews

Stress Interview

A

Aggressive style of interview - conducted to see how the interviewee would react in that situation.

(Typically used in law enforcement)

21
Q

Types of Interviews

Directive Interview

A

Structured interview where interviewee asked v specific questions in a calm, controlled manner.

22
Q

Types of Interviews

Nondirective Interview

A

Interviewee asked open-ended questions with a direction but interviewee can answer it and can drive direction of question somewhere else.

23
Q

Types of Interviews

Behavioral Interview

A

Asks specific questions about past behavior and performance to gauge the interviewee’s skill.

24
Q

Types of Interviews

Situational Interview

A

Asked hypothetical situations and how they would consider and solve these situations - gauge knowledge and skills.

25
Q

Employee Focus Groups

A

Group of employees take part in a guided discussion to find out how they feel about a certain issue or topic.

  • Have to tell them identities will be anon & info. is confidential.
26
Q

MBWA - Management by Walking Around

A

Qualitative communication and involvement method that informally collects information about what employees might be thinking.

  • Purpose is to reveal the root of a problem or trend in the workplace.
27
Q

Column & Bar Chart

A

Used to display and compare categorical data or groupings.

28
Q

Line Chart

A

Similar to column & bar excepts displays data over a given period of time.

  • Used for periodic intervals like months and quarters to illustrate trends.
29
Q

Area Chart

A

Like line chart except the whole area under the line is colored in.

30
Q

Histogram

A

Organizes data that falls within a range of values & the frequency of the values.

  • Range of values = bins.
31
Q

Scatterplot

A

Displays correlation between two sets of values.

32
Q

Pie Chart

A

Represents the distribution of data over a total.

  • Proportions in chart usually represented as percentages.
33
Q

Forecasting

A

Ability to predict or estimate the likelihood of a particular event happening based on past data.

  • Used to predict staffing needs and financial impact of all costs relating to labor.
34
Q

Confirmation Bias

A

Tendency to interpret information that favors a persons already existing beliefs, values, or opinions.

35
Q

Objectivity in Data Analysis

A

Laying objective approach leads to less bias - bias more common in qualitative data.

  • Important since compiling data and analyzing it can influence org decisions.