Reference no: EM133666497
Homework: Metrics, Analytics & Other Measurements
How will you know whether your approach is proving successful or needs to be refined or adjusted? You must measure the effectiveness of your plan. Recall your learning on HR scorecards, benchmarking, dashboards, and return on investment (ROI), among other key concepts. Which measurements will serve as tools for analyzing the data to evaluate your plan? You need a method to determine actual performance, and this will be used to match performance to the overall organizational strategic goal.
Technology, if appropriately managed and aligned with organizational mission, is an invaluable tool for the HRM professional. As businesses rely more on metrics and analytics to drive decision making, technology takes on added importance. Human resource information systems (HRIS) and other technologies can improve services and connect an organization. Technology can increase efficiency and productivity among staff members in HRM. Mastery of the strategic use of technology is vital.
The next component of your capstone project looks at how HR is expected to recommend system enhancements to increase efficiency and productivity for your selected topic of research, organization, and problem or opportunity. As technology advances quickly, it is important for HR professionals to have a deep understanding of organizational mission and ethics to stay ahead of upcoming legislation that regulates the use of technology.
For this homework, create an approach to measuring the effectiveness of your plan. Note: This is the second component of your capstone project. Each homework should be completed in order so that you can use the feedback received to improve your work and build upon to complete your project.
Include the following in your plan:
1) Develop a strategy to measure the success of the effectiveness improvement plan.
a) Include a consideration of various measurements such as an HR scorecard, benchmarking, dashboard, and ROI computations.
2) Describe the use of technology within your plan.
3) Assess the risks and benefits of a technology systems improvement.
a) Include the strategic considerations and alignment with the organizational mission.
4) Analyze both the ethical and the legal responsibilities that relate to the organization and in society as a whole.
The deliverable for this homework applies professional skills in HRM to workplace situations that you will likely encounter in your day-to-day work in human resources. As part of your learning, focus on the development of effective professional communication skills for the workplace.
Portfolio Prompt: You should consider adding this homework to your personal ePortfolio. This homework demonstrates your ability to research and write about technology, including metrics, analytics, and other measurements, as it relates to your organization, and problem or opportunity. This skill is necessary in a professional setting when you are trying to make recommendations. You will want to organize your homework to easily support future reflection and to showcase your knowledge with employers after graduation.