Key HR Metrics & Quality Management in Organizations
Current Operation of Human Resources: Basic Indicators
Head-count (number of people in relationship)
- Turnover and retention
- Absenteeism
- Claims
- Degree of risk
Examples of Indicators of Organizational Management
1. Effectiveness
- Factor = Net income / total labor force
- Factor costs = Operating expenses / Total workforce
- Head-count factor in people = Total work / Total workforce of Human Resources
- Separation Factor rotation = HR / Personnel average
Objective: Provide a clear way the behavior of income and expenditures
Read MoreStrategic Business Planning and Decision-Making
Item 2: Planning Elements
Planning is a reflective activity for action. It attempts to bridge the current situation and a desired future state.
- Mission or Purpose: Explains the basic purpose and identifies the role of the business in society.
- Aims and Objectives: These are for specific purposes, explaining what the subject wants to achieve in a given time.
- Strategies: A program of action that reflects a global concept designed for the operation of the organization.
- Policies: These are guidelines that
Production Management: Key Concepts and Practices
Critical Path: Definition and Interpretation
The critical path is determined by observing the activities where the earliest time and latest time are equal, i.e., where there is no leeway for carrying out the activity. Therefore, it is called critical since it must be controlled to avoid problems in the productive system. In other words, the duration of the critical path is the minimum duration of the project.
Early Time vs. Latest Time
The early time of a situation indicates the minimum time required
Read MoreData Processing Center: Roles, Functions, and Structure
What is another name for the center?
Answer: Data Processing Center (DPC)
What resources are needed for the organization, conduct, and control of computer activities?
Answer: Physical, logical, and human resources
List some of the key functions to operate a computer center
Answer: Operating the central system, supporting the information, and error correction.
What is the operating system?
Answer: It consists of the use and exploitation of the developed system.
What are the functions of the policy area?
Answer:
Read MoreEcology, Economy, and Systems: An Interconnected View
The Macroscope
1. What is Ecology?
Ecology is the science that studies ecosystems. The word comes from the Greek oikos, meaning “house,” and logos, meaning “science.” It studies the relationships between living beings and the environment in which they live.
2. What are the Three Main Sources of Energy?
The three main sources of energy are:
- Solar radiation
- Internal energy of the Earth
- Gravity
3. What is the Most Important of the Three?
The most important source is solar radiation.
4. What are the Four Domains
Read MoreERP and CRM Systems: Understanding Their Importance and Differences
What is ERP?
Enterprise Resource Planning (ERP) is a software program used by businesses to handle critical daily tasks, including supply chain management, accounting, procurement, project management, risk management, and compliance. ERP systems allow data to move between corporate processes with ease by integrating a wide range of them.
ERP guarantees data integrity, removes data duplication, and gives decision-makers a single source of truth by gathering an organization’s shared transactional data
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