PROGRESS REPORT OF MANJRF TO MANSRF
FOR THE PERIOD OF AUG 2014 AUG 2016
ON THE TOPIC
HR ANALYTICS AS A PRECURSOR FOR ORGANIZATIONAL
PERFORMANCE AND COMPENSATION STRATEGIES:
AN EXPLORATORY STUDY IN SELECT INDIAN
ORGANIZATIONS
PRESENTED BY:
WEENA YANCEY M MOMIN
RESEARCH SCHOLAR
ENROLL NO. 154/2014
DEPARTMENT OF RURAL MANAGEMENT
BABASAHEB BHIMRAO AMBEDKAR UNIVERSITY
(A CENTRAL UNIVERSITY)
LUCKNOW
RESEARCHERS CONCERN
RESEARCH SCHOLAR
-
UNDER THE
SUPERVISION -
WEENA YANCEY M
MOMIN
DR. KUSHENDRA
ENROLL NO. 154/14 MISHRA
MAULANA AZAD HEAD & ASSOCIATE
NATIONAL FELLOW PROF
2014-2015
CONTENTS
RESEARCH SUMMARY
INTRODUCTION
HR Analytics Background
Statement of the Problem
Significance of the Study
REVIEW OF RELATED LITERATURE
Theoretical Background
Gap of the literature
WORKPLAN AND METHODOLOGY
Work-plan
Objective
Proposed model
Hypothesis
Proposed process model
TENTATIVE CHAPTERIZATION
Phase I (14-08-2014 to 13-02-2015):
Research Work Course work -2 papers :
Compulsory - Research Methodology
Elective-Management thoughts and thinkers
Course work result declared and completed successfully
Selection of topic Area of research finalized and the title was framed as HR
Analytics as a precursor for Organizational Performance and Compensation Strategy:
An Exploratory Study in Select Indian Companies. The process of reviewing National
and International studies on the proposed research area initiated.
Papers Presented in Conferences & Presented a paper on the Topic Financial Measures in HR Analytics: Emergent Issues &
Seminars Concomitant Challenges in the National Seminar on Emerging Trends of Financial
Services in India organized by Department of Management, North Eastern Hill University,
Tura Campus on 20th & 21st November 2014.
Presented a paper on the Topic HR Analytics: A Cutting Edge Tool for Human Resource
Management in the 5th International Conference on Innovations and Best Practices in
Business, Human and other Earth Resources Management, organized by Indian Institute of
Social Welfare and Business Management (IISWBM), Kolkata, on 15 th & 16th January
2015.
Research papers published in journals in Impression of Financial measures in HR Analytics, pg no. 87 91 in International Journal
the last six months of Interdisciplinary Studies published in Volume 2 issue 1, December 2014 with ISSN no.
2348-0343. Enclosed
Any other activities in the last six months Lectures taken in MBA (HRM).
Set examinations question papers for both internal and external (end term semester) and did
evaluation.
Invigilation duty in MBA semester examination.
Phase II (14-02-2015 to 13-08-2015):
Research Work In the second phase topic confirmation of Ph.D. research work and synopsis
successfully submitted.
Research papers published in journals in HR Analytics as a strategic workforce Planning pg 258-260 in International Journal of
the last six months Applied Research volume , Issue 4, April 2015. Enclosed
Papers Presented in Conferences & Presented a paper on the Topic HR Analytics: A Boost for Human Capital
Seminars Management in the National Conference on Human Resource Development
(NCHRD - 2015), organized by Faulty of Commerce, Banaras Hindu University,
Varanasi on 14th & 15th February 2015
Research Papers Published in Edited Published in Edited book on the topic HR Analytics: A Boost for Human Capital
Book in the last six Months Management page no.238-246, in the National Conference on Human Resource
Development for Sustainable Growth, organized by Faculty of Commerce, Banaras
Hindu University, Varanasi, Excel India Publishers, and the Editor in charge was Prof.
Sudhir Chandra Das, with the ISBN no. 978-93-83869-18-2.
Workshops/ Symposium Attended 4 days Workshop on Developing Case Method of Teaching in Management
Education organized by Department of Management, North Eastern Hill University,
Tura Campus Meghalaya from 10th June 2015 to 13th June 2015. Enclosed
Any other activities in the last six months Lectures taken in MBA (HRM).
Set examinations question papers for both internal and external (end term semester)
and did evaluation.
Invigilation duty in MBA semester examination.
Phase III - (14-08-2015 to 13-02-2016):
Research Work
In the third phase review of literature almost completed.
Research papers published in HR Analytics Transforming Human Resource Management pg 1-5,
journals in the last six months International Journal of Applied Research volume 1 , Issue 9, September
2015 . Enclosed
Workshops/ Symposium Attended 10 days Research Methodology Workshop in Social Sciences
Organized by Faculty of Social Sciences, BHU, Varanasi, Sponsored by
ICSSR from 21th January 2016 to 30th January 2016. Enclosed
Any other activities in the last six Lectures taken in MBA (HRM).
months Set examinations question papers for both internal and external (end term
semester) and did evaluation
Invigilation duty in MBA semester examination.
Phase IV -(13-02-2016 to 13-08-2016):
Research Work Conceptual Process model developed and theoretical model Designing in progress
Research papers published in journals in HR Analytics: Re-Inventing Human Resource Management, , International Journal of
the last six months Applied Research volume , Issue 1, April 2016 ISSN no. 2394-7500. Enclosed
Papers Presented in Conferences & Presented a paper on Challenges of Measuring the Immeasurable: An HR Analytics
Seminars Perspective in International Conference on Changing Paradigm of Management Practices
for Sustainable Development organized by School for Management Studies, Babasaheb
Bhimrao Ambedkar University, Lucknow from March 5th 6th 2016.
Presented a paper on Industry Institute Partnership: A panacea for Higher Education
Relevance and Sustainability in National Seminar on Re- Thinking New Education
Policy: Contextualizing the Issues of Indias North Eastern Region, organized by
Department of Education, North Eastern Hill University, Tura Campus, Meghalaya from
March 20th 21st 2016
Workshops/ Symposium Attended 10 days Research Methodology Workshop in Social Sciences and Humanities
Organized by department of Education, North Eastern Hill University, Tura Campus,
Meghalaya, Sponsored by ICSSR from 9th March 2016 to 19th March 2016. Enclosed
Attended 15 days National Workshop on Research Methodology from 4th -19th July 2016,
organized by Department of Rural Management, Babasaheb Bhimrao Ambedkar
University, Lucknow. Enclosed
Any other activities in the last six months Lectures taken in MBA (HRM).
Set examinations question papers for both internal and external (end term semester) and
did evaluation
Invigilation duty in MBA semester examination
Plan for Next
Semester/Year:
Pilot Study of the Proposed conceptual Model
Data Collection.
Data entry in the datasheet after checking its
validity.
Arrangement of data in a format set for panel
data analysis in excel.
Data analysis will be done by using E-views
and SPSS software.
Case report writing
The process of chapter writing will be initiated.
Introduction
HRM plays a critical HR ANALYTICS:
role in any organization Use of people-related data to
Without HR optimize business outcomes
organizations cannot at the individual, team or
build a good team of organizational levels.
working professionals Applies analytic processes
Viewed through the to the human
prism of overall strategic resource department of an
goals for the organization to improve
organization instead of a employee performance to
standalone tint that takes get a better return on
a unit based or a micro investment.
approach
Source: [Link]
analytics-and-workforce-planning-in-mergers-and-acquisitions
Statement of the problem
Resources are scarce. Hence every company Significance of the study
wants to make optimum utilization of each
and every scarce resource. Budgets are HR Analytics - latest emerging
limited and hence everyone has their jobs cut
out to make the best possible use of this
area in the world of HR.
limited resource. In-order to achieve this,
every business function has to reduce costs,
Worldwide organizations are
increase revenue, maximize operational
efficiency and emphasize on the strategic
using for better strategic
initiatives to stay lucrative, sustain agility and decision.
achieve sustainable growth. One of the
biggest challenges an organization faces is In India, the concept is still new
when it plans to launch a new product or
services is recruiting of right people for the and very few organizations have
right job, in time for execution bearing the
costs, when talent exists in the organization.
started using
Retaining the best talent is desirable for the
company as it helps cut down on a lot of cost.
Hence, less research has been
So in order to effectively manage the best and done
existing talent, one needs to optimized
compensation strategies so that a company Giving an opportunity to explore
can obtain a sustainable compensation policy.
Moreover it gets worst for any organization if
and analyze its utilization and
there best talents join hands with significance for organizational
competitors. So the bottom line is the performance.
companies cannot standardize but they need
to customize their compensation strategies, Whitepapers and less research
tailor-made for each and every employee
which will in turn help achieve greater have been published
organizational performance.
Review Of Related Literature
Consist of Five (5) section
Section 1: Talent Management
Section 2: Compensation Management
Section 3: Workforce Optimization
Section 4: Organizational Performance
Section 5: HR Analytics
Analysis of literature
Managing human resources taken to Demand for better talent management is
the next level - HR is no longer just a growing - hence making people data
function. more available.
Before organizations are unable to HR Analytics helps to gather, manage
measure and quantify the contribution and use talent information more
of intangible assets effectively.
Ulrich (2010) - need for HR to develop
Helped senior level management to
from descriptive metrics to predictive
gather information to make future
analytics.
decisions.
To gain Competitive edge align HR
strategy with overall business objective HR Value chain elements such as
For better workforce decisions - recruitment, performance, development
Leaders need to see the connections in and transitioning, selection, on-
workforce data - examine boarding, performance management,
comprehensive workforce topics. succession and talent planning and
Challenges of todays business employee engagement
environment- involve new and latest Concluded that - become the panacea
approaches to gain competitive edge. for all the problems and challenges
HR analytics is the insight to make the Proved - vital tool for gaining
right change. competitive edge
Gap in the literature
Researchers, authors and even Every literature has revealed that HR
organizations whitepapers - how needs to align with overall business
HR analytics helps the HR in strategy to achieve its overall goals,
making strategic decisions. but no empirical evidence was
provided
Either survey are by consultancies
Every piece of literature has pointed
or white paper of the organizations
out - how the software aids HR to
Very few empirical researches become the strategic partner but no
conducted by the academicians and empirical evidence
mostly theoretical viewpoint. No literature to support HR analytics
Empirical study can be conducted helps in the organization to enhance
to enable the researchers to gather performance
information on utilization of HR No evidence on Compensation
analytics strategy better talent management.
No significant literature was found In depth knowledge on designing and
on compensation strategy formulation of the compensation
strategy can be done
formulation
Work-plan & Methodology
Type of Research Case Study Research Exploratory approach
Method of Approach Multiple Embedded Case method approach
Research Approach Qualitative & Quantitative
Population Indian Companies
Sample size N=5 Companies from various industrial sectors where HR Analytics application is available
Sampling Technique Purposive Sampling
Sample Respondents Senior Management, HR Managers, HR executives, HR Experts, Other Employees
Personal Interview with respondents
Self - administered Questionnaires with the Respondents
Source for Collection of Data Secondary data from documentations, archival records, interviews direct observation and
participant observation.
Tools & Techniques for data analysis Advanced univariate and basic multivariate Statistics.
Objective of the Study
To study HR Analytics as a precursor of
organizational performance.
To study the role of HR Analytics in optimization
of workforce.
To study the impact of HR Analytics in the overall
talent management system
To study the application of predictive analysis for
future strategy formulation.
To study the relation of HR data mining with HR
analytics forming the backbone of HR analytics
process.
To study the correlation between HR analytics
and compensation strategy formulation.
Proposed model
Hypothesis
HO1: There is no significance relationship
between workforce optimization and
organizational performance when HR analytics
mediates the relation between the two.
HO2: There is no significance relationship
between talent management and
organizational performance when HR analytics
mediates the relation between the two.
HO3: There is no significance relationship
between compensation formulation and
organizational performance when HR analytics
mediates the relation between the two.
Process model of HR
Analytics
TENTATIVE CHAPTERIZATION
CHAPTER 1 Introduction
CHAPTER 2 Introduction to HR Analytics and
concepts
CHAPTER 3 - Literature Review and Theoretical
Framework
CHAPTER 4- Research Methodology
CHAPTER 5 Data Analysis and Interpretation
CHAPTER 6 - Linking the Data to the Proposition
CHAPTER 7 - Findings and Suggestions
CHAPTER 8- Conclusions, Limitations and Scope of
Future Research
References
Appendices
Reference
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