Workforce Analytics Is a Set of Quantitative Approaches That Answer

question 2

Essay

Workforce analytics is a set of quantitative approaches that answer two simple questions.

Identify the advantages of cross-functional teams over traditional functional departments.

Analyze factors that enhance or diminish group attractiveness and cohesiveness.

Grasp the core elements of trust within an organization and how it can be fostered.

Understand the concept of groupthink and strategies to minimize it.

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Definitions:

Inequality

The unequal distribution of income, wealth, opportunities, or resources among different individuals or groups in society.

Human Capital

The economic value of an individual's skills, knowledge, and experience, considered an asset in terms of productivity.

On-the-Job-Training

The practice of teaching employees the skills and competencies needed to perform their jobs directly within the workplace.

Compensating Differential

The additional amount of income that a worker receives for accepting a position that has undesirable aspects, such as high risk or unpleasant conditions.