The document provides an example of a strategy map and hierarchy of links for the Hotel Paris. It discusses how the hotel aims to produce satisfied customers through activities like check-ins, room cleaning, and check-outs. This requires competent employees with skills like customer service, greeting guests, and efficient room service. HR policies like improving disciplinary fairness can help develop employee morale and competencies. Metrics the hotel could use to measure its HR practices are also listed, such as employee turnover, training costs per employee, diversity metrics, and revenue per employee.
establishing strategic pay plans
equity and its impact on pay rates
job evaluation methods
how to create a market-competitive pay plan
pricing managerial and professional jobs
contemporary topics in compensation
Principles of compensation management - compensation management - Manu Melwi...manumelwin
Compensation management is a sensitive and crucial aspect of human resource management as its adequacy or inadequacy can affect, either positively or negatively, the competitiveness of the organization due to higher attrition rates, low commitment etc.
This report is my term group project. It talks about the hr policies in TCS, then mainly on compensation structure. It covers the reward and award system. TCS follows Performance Appraisal of Balance Scorecard and Compensation structure based on EVA model. Award Process also covered over here.
establishing strategic pay plans
equity and its impact on pay rates
job evaluation methods
how to create a market-competitive pay plan
pricing managerial and professional jobs
contemporary topics in compensation
Principles of compensation management - compensation management - Manu Melwi...manumelwin
Compensation management is a sensitive and crucial aspect of human resource management as its adequacy or inadequacy can affect, either positively or negatively, the competitiveness of the organization due to higher attrition rates, low commitment etc.
This report is my term group project. It talks about the hr policies in TCS, then mainly on compensation structure. It covers the reward and award system. TCS follows Performance Appraisal of Balance Scorecard and Compensation structure based on EVA model. Award Process also covered over here.
Supplementary compensation - compensation management - Manu Melwin Joymanumelwin
Now days the organizations use supplementary compensation over and above the base compensation. It helps in satisfying the employees as well as retaining them for long time.
Supplementary compensation - compensation management - Manu Melwin Joymanumelwin
Now days the organizations use supplementary compensation over and above the base compensation. It helps in satisfying the employees as well as retaining them for long time.
Most organizations have no idea of how to implement Key Performance Indicators (KPIs). They either measure everything that moves, or they operate in the blind and measure nothing except perhaps revenues or profitability.
The Ultimate Annual Compensation Review Process Guide.pdfFigures1
We know you were looking for best practices for this year's annual compensation review. Which is why we hosted a live workshop and put together a guide for you! Whereas a manual process could prove complex, an automated compensation system will be more fair and efficient while giving credibility to individual outcomes. Let's get into it...
Staffing Metrics EvaluationRunning head STAFFING ME.docxwhitneyleman54422
Staffing Metrics Evaluation
Running head: STAFFING METRICS EVALUATION
1
STAFFING METRICS EVALUATION
14
Staffing Metrics Evaluation
There is a plethora of areas that staffing metrics covers. This functional area that is placed on any business/organization is used to provide an in-depth look at the trends of the performance and cost of any business. These patterns can either be done in short term or long term. Because of the various ways in which managers approach the many metrics available emphasis is placed more highly on multiple attributes. To ensure that you have a quality metric program it is an important to have much accountability in place. These can include productivity, cost, and risk. Metrics programs are a critical part of producing the staffing needs of the business. Metrics are used to help determine if the levels of staffing are able to work with the load it is given. With the way budget constraints are set up in all businesses it is important to have metrics that help to quantify the needs of your workload (Cohen, 2011). These metrics assure that these staffers can use staffing functions to perform their business objectives. For my business, three metrics have been chosen to track the information of my company as well as the effectiveness, outcome, and satisfaction of my business. The parameters selected are brand-related metrics, staffing efficiency, and sourcing channel metrics.
Metric 1 of 3 – Branding-Related Metrics
The first is brand-related metrics. This particular parameter is used to calculate the savings cost. This setting is the cost that it takes to fill a specific position in your company. It also determines weakness and strengths of the company's brand by acknowledging what business objectives your company is achieving. To identify the brand metrics, they are quantified into four different categories. Behavioral parameters track what an employee can do to help not only promote the brand of the company but how to build from there. Second is Interactions metrics which follow the customers' interactions with the company's brand. Perception metrics track how the customers perceive the company's brand. Performance metrics check the clients' perceptions of the company's business impact. The many ways in which individuals find out about our business from non-employment related ads such as from our web page, referrals, television, and walk-ins are being placed together and calculated to show the cost savings that our company has received to fill the positions that we have available.
Metric 2 of 3- Staffing Efficiency Metric
The amount of resources that are used in order to perform the staffing process is a staffing efficiency metric. By using vendors or partners for staffing we are able to evaluate staffing efficiency. There are also chances where a staffing metrics can become stale. This happens mostly when seeing the cost of using IT, administration assistance, mail clerks and any other type of creative staff t.
There are numerous HR publications that list a plethora of metrics that a HR department must track. But, are they ‘HR Metrics that Matter’?
What differentiates ‘HR Metrics that Matter’ with other nice to have HR metrics?
The answer is very simple! The metrics that cover strategic goals like productivity, innovation and revenue growth. Keeping tabs on strategic metrics gives you a clearer picture of how your business is doing in terms of talent management.
I am going to walk you through the best recruitment and performance related metrics.
6 Cutting-Edge HR Metrics to Measure in 2019Namely
Are you thinking like a data scientist? While we’re all familiar with basic metrics like turnover and time to fill, there’s more that you can and should be measuring. Taking a more analytics-driven approach to your talent practices can help improve everything from hiring to workforce planning to employee development and retention.
Dr. Eric Knudsen, Manager of People Analytics at Namely, and Rita Patterson, Manager of Product Implementation, share how you can build, measure, and action these key metrics to drive HR and business results. In this webinar, you'll learn:
- How to use hiring data to measure and improve quality-of-hire.
- How to use career and skills data to anticipate workforce needs and facilitate tailored employee career growth.
- How to use compensation data to make improve workforce planning and prevent unwanted turnover.
A1 Experiential Learning Project Apply the Design Thinking App.docxdaniahendric
A1: Experiential Learning Project:
Apply the Design Thinking Approach to the creation of a new service and prepare a presentation of the entire process.
The presentation should include all the following major steps of Design Thinking Approach:
a) Understand. Referring to available sources (own experience, outside experts …) research the status quo on
the concept you would like to develop
b) Observe: conduct an ethnographic research by firsthand observation of potential users
c) Ideate: create as many ideas as possible (use techniques as brainstorming). Select the most promising idea
d) Prototype: translate the idea into a simple representation of the app
e) Test: the model with target users. Interact with them. Observe their reactions and behavior and collect
feed-backs to refine the concept
f) The work should also include the marketing plan of the new service.
Outcome requirements:
The slide/visual presentation (format can be selected by the team) will contain the steps in the agenda
mentioned above and it will present the service concept. A visual representation of the service is mandatory.
The Experiential Learning Project will be scored across four (4) attributes based on:
a) Applying the Design Thinking Model. For this first score, the instructor will assess the extent to which
students are able to apply the model into a simulated-real life situation
b) Transforming observations and data into usable information. For this second score, the instructor will
evaluate the extent to which students were able to organize information collected on field analysis in a
presentable fashion (i.e., table, figures, videos …)
c) Creativity: For the third score, the instructor will assess the extent to which students are able to apply
creativity in a new service development and into the presentation itself
d) Original Results: For the fourth score, the instructor will assess the extent to which students are able to
apply the innovation drivers to their project
**********EXAMPLE************
This class was maybe the most troublesome of some other class I have taken at TUI. Be that as it may, I can say I have left with a superior comprehension of Principles of Accounting. The inside and out readings of how to comprehend organizations money related wellbeing was exceptionally enlightening, yet for the present minute isn't important to what I do.
An idea that was precious to me was opportunity costs. They comprise of decisions that make substitute occasions inside people. For myself being a dad of three, officer, and understudy, I in some cases feel that I am out of luck, yet l still figure out how to get past this voyage called life. Deciding to plan something that is going for require penances is a lot of merited, and can have an advantageous effect whenever finished.
The SLP for Module 3 was intriguing on the grounds that as customers, we investigate the "four P's" constantly while shopping. Being from a little Pacific island, regardless we use ...
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Instructions for Submissions thorugh G- Classroom.pptx
HRM Case STUDY Qusetion AND Answer
1. Case Study
Translating Strategy into HR Policies and Practices Case
Questions
I. Draw a more simplified and abbreviated strategy map for the hotel Paris.
Specifically, summarize in your own words and example of the hierarchy
of links among the hotel’s HR practices, necessary workforce
competencies and behaviors, and required organizational outcomes.
The strategy Map of Hotel Paris
Is to producing satisfied customers
(Requiring attending to all those activities where there is an opportunity to affect the
customer’s experience.
Activities include getting the customer form airport and checked in,
Cleaning the Room
Picking up baggage and getting the guest checked out
2. Hierarchy
Employee’s competencies andBehavior
The hotel’s required employees competencies and behavior would include “ High-
quality front-desk customer services,”
“Greeting guest at front door,” and “processing guest’s room service meals efficiently
“
All required Motivated, High-Morale Employee.
Now HR manager’s task is to identify the human resource policies and activities that
will enable the hotel to produce their crucial workforce competencies and behavior.
For example, she decides to institute practices to improve the disciplinary fairness and
justices in the company, with the aims of improving employee morale.
Finally , Lisa decide to computerize the all these cause-and-effects links among the HR
activities , the work force behaviors, and the organizational outcomes, scorecard
software to present result on digital dash board.
Building a High-Performance work system
High-Performance work system
President
Sales revenue to
$16 million in fiscal
year 2011
Vice president of
sales
“Double sales in
East, West, and
south regions”
Vice President of
production
“Add one new
production line at
plant”
Vice President HR
“Add, train
salesperson”
Sales Manager,
South Region
“Hire 4 new
salespeople
Add 18 customers
Sales Manager,
East Region
“Triple sales to
Gov. Agencies”
Sales Manager,
West Region
“Move 6 Nevada
salespeople to
California market”
Recruiting
Manager
“Identify and
attract 20 good
sales candidates”
Training Manager
“Train 6 new
salespeople and
retain all other
within 4
months”
3. High-Performance Human Resource Policies
Metrics of Hotel Paris
Job analysis:
Employee with updated job
Description
Benefits:
Employee satisfied with benefits
Pay:
Workforce eligible for merit pay
Ethics:
Employee able to quote ethics code
Appraisal:
Employees getting feedback appraisals completed at time.
2-Using Table 3-1 and figure 3-9, listat least15 metrics the HotelParis could
use to measure its HR practices.
Overall HR Metrics
Overall employee turnover
What It Means: How many employees voluntarily leave your company each year?
a. Find Average # Employees
Average # Employees =
(Total # Employees Beginning of Year + Total # Employees End of Year) / 2
b. Tally up how many employees quit throughout the year
c. Divide “b” by “a” for the turnover rate.
Early turnover (employees leaving within 1 year)
How You Calculate It: Same as metric 1, but only use the number of people who have started
within the last year.
4. Cost of HR per employee
What It Means: If you have an HR person or more than 1 person, this is how much you pay the
HR team versus how many total employees you have.
How You Calculate It: The total salary & benefits package of your HR team divided by the
number of employees. This is an efficiency metric and your ratio will depend on your style of
business. For example, if you have all salaried, full time employees, you probably will need an
HR person by the time you hit 30-50 people; if you have a restaurant with a lot of part time
hourly staff, you might not need an HR person until far more due to their part time nature (i.e.
no benefits).
Training spent per employee
What It Means: How much money you spent on training for your employees.
How You Calculate It: Take how much money you spent on training and divide it by the
number of employees you had that participated in those trainings. This is also an efficiency
metric, as well as it can reveal uneven training spend. If you want to get fancy.
Diversity metrics
What It Means: You may be tracking this already if you have payroll software, recruitment
software, or HR software of some kind. If you have over 100 employees, you also need to
report your diversity numbers every September. You will want to track how many people self-
identify into the protected classes, like race and sexual orientation, across your employee base.
However, remember, no one is obligated to self-disclose their identification.
How You Calculate It: Do a survey on the basic protected classes for identification for every
employee. Here is a good resource for that if you have to file, but you also can use it as a sample
for what you should ask if you are smaller. You could try a free survey tool, like Survey
Monkey or Survey Hero, to collect your own anonymous data.
Time to hire/average time to hire
What It Means: Recruiting processes can take far too long at some companies and it can mean
that you lose talent. Having a recruitment process is around 4-6 weeks to fill positions is
desirable in order to save time and money. The time to hire is from when a candidate starts the
interview process until they accept your offer.
How You Calculate It: Look up the number of days that each job you offered took to be filled
from the time the candidate started interviewing, and then divide it by the number of jobs.
5. Offer acceptance ratio
What It Means: This is a simple metric of how many people you offer jobs to accept them
versus how many decline. This will tell you if your offerings are off- i.e. compensation is too
low, no benefits, etc…
How You Calculate It: Divide the number of offers accepted over the number of offers given.
Performance management yield ratio
What It Means: This is a measure on how many people are performing at a high level per your
performance review system.
How You Calculate It: Unless you have a performance management system in place with a
quantified scoring system this one will be hard to calculate. If you have a point’s review system,
you will want to figure out the cut off for an above average performer, i.e. 70 out of the 100
points, and then calculate how many employees meet that out of the total number of employees.
Average time until promotion
What It Means: This is how long it takes for an employee to either be promoted for exceptional
success. It sounds like an odd metric, until perhaps you think of how many people leave you
around the 2-5 year mark after not getting a promotion!
How You Calculate It: Take your employee base and calculate how long it took for any of them
to be promoted, and if they have been. If you don’t do promotions, consider doing this
calculation with pay raises instead. Then divide the amount of time by the number of employees
that were promoted (or given a raise).
Revenue or profit per employee
What It Means: Another straight-forward metric, this is a truly important one for small
businesses. You will want to make sure you aren’t over or under staffed by using this metric,
as well as you should have some perspective on your overall bottom line with your employee
base.
How You Calculate It: Calculate your yearly or monthly revenue or profit and divide it by your
number of employees.
Overtime cost
What It Means: This is pretty simple- how much do you spend in overtime wages per year?
Does it go up each year? This can tell you if you are under or over staffed as well as if you
should consider an employee scheduling software or time and attendance software to help
remedy this.
We also recommend using payroll software that will automatically run reports like this for you.
6. How You Calculate It: Add up your overtime wages paid each year, or over a set period (you
could even do this every month).
Timesheet/scheduling match
What It Means: Here you are looking for the number of hours needed to be in alignment with
the number of hours worked. This can also give your insight into over or under staffing, or
absenteeism rates. This is most useful for retail shops, restaurants, and other shift based sales
businesses.
How You Calculate It: Calculate the number of hours that should be worked in one week if all
shifts are covered. Calculate the number of hours actually worked that week, and notice the
difference. Your goal should be less than 5% difference.
Healthcare costs per employee
What It Means: Another straightforward metric, you will want to make sure you are spending
an amount that you are cognizant of and that is in your budget for healthcare.
How You Calculate It: Measure what you contribute to your employees’ healthcare over a
month or a year and divide it by the number of your employees who are utilizing your
healthcare.
Billable hours per employee
What It Means: If you have a small project management firm, or marketing firm, or another
business where you bill out to clients, you will want to use this metric to figure out if your
staffing is in alignment with your client needs. Law firms also commonly use this and have a
minimum number of hours per lawyer needed each month.
HR Metric Company Goal(s) It
Could Link To
What You Want to See
Overall employee
turnover
Reducing costs
Improving morale
Improving
communications
Better
employee/manager
relationships
Reduced turnover number from year to year;
ideally, your voluntary turnover is 10% or less
(i.e. people who have to move away)
7. How You Calculate It: You can do this over a week, month, or other set period of time. Take
the number of hours you billed out and divide it by the number of your employees. You will
want something around 35 hours billable per week minimum for full time
Above average
performance yield
ratio
Increasing revenue
Increased client
satisfaction
Improving morale
Overall better company
organization
More high performers each year (which you
could see via performance review scores)
Revenue per
employee
Increased revenue
Business or financial
stability
Increased sales
Higher revenue per employee is the goal
(without working your people into the
ground!)
Environment Improving morale
Reducing employee
turnover
More teamwork
A continuously “better” or high-functioning
environment (hard to measure, but you know if
you are in one or not)