Exam 14: HR Assessment and Analytics

HR can affect the probability of survival of a new venture by as much as 32 percent.

Indirect costs are the hard costs that can be measured by expenditures.

Organizational survival is the first measure of effectiveness and is considered a "life-or-death" index.

What are two main ways of measuring HR contributions to organizational performance?

Most organizations do undertake the evaluation of HRM effectiveness because the problems of measurement are difficult to resolve.

HR professionals are resistant to measuring their work because they have limited knowledge of measurement models and limited skills of measurement ratios.

Sarbanes-Oxley requirements force HR to provide information about executive compensation,pension plans,and employee benefits.

Many HR departments were originally set up because of the need to comply with employment legislation and standards.

Workforce analytics is an evidence-based approach for making better decisions about employees and HR policies,using a variety of tools to report HR metrics and to predict outcomes of HR programs.

Direct costs are harder to measure than indirect costs.

What is one way that an HR department can reduce expenses associated with employees without reducing the headcount?

Kim has to move to another city.Kim has decided to compare and contrast different moving companies in terms of their charges and the times that they are available.Kim is conducting an informal utility analysis.

What are three ways to reduce labour expenses by reducing the size of the labour force?

There are four sources of benchmarking partners: internal,competitive,sector,and external.

There are two ways of measuring contribution: financial measures and measures of managerial perceptions of effectiveness.

What is an evidence-based approach for making better decisions about employees and HR policies,using a variety of tools to report HR metrics and to predict outcomes of HR programs?

Hewitt Associates describes the attitudes of an engaged employee in three simple ways.Describe these three ways.

Benchmarking enhances organizational performance by establishing standards against which processes,products,and performance can be compared and improved.

Which of the following is a measure that probes whether employees feel stimulated in their role and are driven to meet work and organizational goals?

An audit is a measurement method that assesses progress against plan.