HR Metrics for Employee Engagement Submitted by: Abhishek Bansal (A003) Pranav Kamath (A012) Aanchal Maria (A018) Kritika Thakur (A029) Contents INTRODUCTION ...................................................................... 3 EMPLOYEE ENGAGEMENT ...................................................... 4 HR METRIC ............................................................................ 5 HR METRICS & EMPLOYEE ENGAGEMENT .............................. 6 Annexure ......
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Do you consider the metrics organizations measure to be valuable? In order to develop a valuable HR metrics/performance measurement system it is imperative that organizations focus on their competitive strategy and operational goals‚ and should clearly define what employee competencies and behaviors are required to attain the above objective. (Becker‚ Huselid‚ & Ulrich‚ 2001‚ p. 52) Metrics are valuable if the actions and decisions which develop the metrics also develop the firm’s strategic
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A business metric is also known as a financial ratio or performance indicator. Financial ratios lift the veil on a firm’s operating prowess‚ telling investors how the company navigates the doldrums of a bad company. There are four common types of performance indicators in modern-day financial analysis: Liquidity‚ Efficiency‚ Profitability‚ and Safety. Liquidity Ratios Working Capital Formula: Total Current Assets – Total Current Liabilities The working capital metric is a measure of both a
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Human Resource Management in Hospitality Industry One of the most important departments of any hotel staff is human resources management. Proper human resources management can be the difference between a really well run hotel and a poorly one hotel. The human resources manager can control almost the whole feeling and presence of the entire hotel. This makes the importance of human resources management for hotels very evident. Managing human resources in the hospitality industry presents special challenges
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Hospitality Business Development Essay Matriculation no. 40071909 Module no. – TMS09801 Date – 30.03.2012 Paper ID- 15870080 Word count-1387 “ Knowing your customers – actual and potential – and your competitors is essential to the development of strong businesses” (Hassanien‚ Dale & Clarke‚ 2010‚ p.84). Evaluate this point of view within the context
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Strategic Human Resource Management Individual assignment. 1. Using appropriate literature and models underpinning SHRM‚ critically evaluate how management could reduce strikes and improve service levels with reference to an airline carrier of your choice. Due to the recent publicity of strike action and lack of good employee relations i have chosen British Airways as my airline carrier. When evaluating the current situation it is often important to assess the history of the company‚ this
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An assignment on Analysing Tourism & Hospitality in Business Abstract Business environment in now a days is too competitive though in different countries tourism and hospitality industry is growing very fast. As a result‚ tourism and hospitality industry holds approximately 5 percent of total production in the world. Therefore‚ various association in tourism and hospitality are trying to grip largest market share and increasing their market place. UK hotel & tourism industry has been developing
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1. (chabra 2011)The supervisor of the hill house hotel needs to plan and organize the things before the event is being started in the hotel ‚ the supervisor should use the excellent planning techniques. Planning is the top functions of management. Planning talks about that what needs to be done how it should be done‚ and whose going to do what and when going to done. Planning is a futuristic process so ‚ the supervisor of the hill house hotel already came to know about the future threats‚ and supervisor
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1. Why do you think is it important for HR to be a strategic partner to the business? I think that it is important for HR to be a strategic partner for a business because HR partners help Motivate‚ engage and help retain exceptional employees for the company. They also help to do this by having the right Training curriculums to help enhance employee’s current skills or provide them with new skills that are in line with the businesses activities which will help in time improve the company’s capability
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productivity Higher overtime – sign of attrition risk Absenteeism – sign of attrition risk Give away or take away ratio List of hi-performing employees that are at risk of leaving Strategic perspective SHRM requires the HR department to its contribution to the business in order to play
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