QUESTIONS WITH SOLUTIONS GRADED A+
◍ Voice of Employee Data.
Answer: detailed employee data that helps organizations learn about the
'voice' and detail behind a traditional employee engagement survey.
◍ HR Leaders.
Answer: crucial stakeholders within an organization because they manage
and influence a range of essential functions that affect employees,
organizational culture, and overall business performance.
◍ AI-Advanced Analytics.
Answer: refers to the use of sophisticated analytical techniques, often
powered by AI, to extract deeper insights from data
◍ Decision Node.
Answer: represented in a decision tree by a square or a rectangle and
indicates that the decision maker should select the path or branch that
follows and produces the highest value
◍ Net Promoter Score.
Answer: NPS = Percentage of Promoters - Percentage of Detractors(Number
of Promoters/Total Number of Respondents) x 100(Number of Detractors /
Total Number of Respondents) × 100
◍ Great Sponsor.
Answer: Have a business problem that they want solvedAre involved in the
work and the business areaAre passionate about the work of the projectHave
the authority to make things happen
◍ mixture.
Answer: breaking down training programs into multiple parts, to determine
, the ROI of each part, and how these parts can be combined to provide
potential synergies and diminishing returns
◍ Sample.
Answer: observations and examples of an individual's ability to perform
important aspects of a role; the underlying behaviors
◍ Hands-On Training.
Answer: Training that involves practical, experiential learning where
participants actively engage with the material or tools.
◍ B&C.
Answer: Behaviors and Competencies
◍ Prescriptive Analysis.
Answer: optimization and simulation algorithms to advice on people
outcomes to answer the question, "what should we do?"
◍ Market Ratio.
Answer: This metric compares the midpoint of the organization's pay range
for a particular job role to the market rate for the same position. If the
market-ratio is above 1, it means the organization's pay range is higher than
the market rate
◍ Prescriptive Analytics.
Answer: The set of analytical techniques that yield a best course of action.
◍ Project Prioritization Forum.
Answer: specifically focused on ranking and prioritizing projects based on
their importance, alignment with strategic goals, and resource availability. It
is used to make decisions about which projects should be undertaken,
funded, or accelerated.
◍ MF.
Answer: Motivational Fit
◍ Business-First Approach.
Answer: work with business executives as well as HR executives; focusing
, on the most strategically and operationally important people topics in the
business.
◍ Functional Stakeholders.
Answer: members of operational or functional departments such as
marketing, finance, legal, real estate and IT - have expertise in their
particular areas.
◍ Data Standardization.
Answer: Retrieving data. Wait a few seconds and try to cut or copy again.
◍ HR dashboards.
Answer: This is a visual tool that HR can leverage to report on relevant KPIs
and people analytics information.
◍ Sampling Error.
Answer: refers to the discrepancy between a sample statistic and the
corresponding population parameter
◍ Baseline Net Internal Supply.
Answer: = Current Headcount - (Retirements + Terminations)
◍ Sampling Distribution of the Mean.
Answer: the probability distribution of all possible sample means of a
specific size drawn from a population. It tells us how the sample mean
varies from sample to sample.
◍ Intake and Design.
Answer: Contracting senior ManagementContracting legaldetermine
business questionsdetermine data sourcesapproving research proposal
◍ Geographical Differential.
Answer: This metric reflects a variation in pay based on the location in
which the job role is performed.
◍ Random Behavior.
Answer: characterized by outcomes that follow a probability distribution.
Each outcome is not predictable but can be described using probabilities.