Friday, September 23, 2011

Romney enlists Sen. Blunt to win Republican backing (Reuters)

WASHINGTON (Reuters) ? Republican presidential hopeful Mitt Romney enlisted the support of Missouri Senator Roy Blunt on Tuesday to help him win the backing of Republicans in Congress in his bid for the party nomination.

Gaining the support of members of Congress can be critical in winning the nomination and then the November 2012 election because they can use their influence in their states and districts to win over voters.

Blunt will spearhead Romney's campaign effort to secure the support of Republican members in both the Senate and the House of Representatives. Blunt played a similar role for former President George W. Bush.

"I know that he will be an effective liaison in sharing my vision for America with his colleagues in both the House and the Senate," said Romney.

(Reporting by Steve Holland; editing by Anthony Boadle)

Source: http://us.rd.yahoo.com/dailynews/rss/uscongress/*http%3A//news.yahoo.com/s/nm/20110920/pl_nm/us_usa_campaign_romney_blunt

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Thursday, September 22, 2011

China to launch "Heavenly Palace" on way to space (Reuters)

BEIJING (Reuters) ? China will next week launch an experimental craft paving the way for its first space station, an official said on Tuesday, bringing the growing Asian power closer to matching the United States and Russia with a long-term manned outpost in space.

The Tiangong 1, or "Heavenly Palace," will blast off from a site in the Gobi Desert around September 27-30, adding a high-tech sheen to China's National Day celebrations on October 1, the Xinhua news agency said.

The small, unmanned "space lab" and the Long March rocket that will heave it skyward have been readied on a pad at Jiuquan in northwest Gansu province, Xinhua said, citing an unnamed spokesperson for the country's space program.

It will be the latest show of China's growing prowess in space, and comes while budget restraints and shifting priorities have held back U.S. manned space launches.

The big test comes weeks after its launch, when the eight ton craft attempts to join up with an unmanned Shenzhou 8 spacecraft that China plans to launch.

"The main task of the Tiangong 1 flight is to experiment in rendezvous and docking between spacecraft," said the Chinese spokesperson, who added that this would "accumulate experience for developing a space station."

China's government will hope to set a successful Tiangong mission alongside other trophies of its growing technological prowess, including the launch of a trial aircraft carrier. And the launch, just before China's National Day holiday, is sure to come accompanied by a blaze of proud publicity.

"I would say there's a lot of political pressure to make sure that it's launched before the birthday party," said Morris Jones, a space analyst based in Sydney.

"The real test of Tiangong doesn't come with its flight as a solo mission. The real objective of this mission will come later on when it tries to dock with another spacecraft," said Jones.

"Without rendezvous and docking, you really cannot run an advanced space program. You're confined to launching small spacecraft that just operate by themselves," he told Reuters.

A "TEST-BED" FOR BIGGER AMBITIONS

Russia, the United States and other countries jointly operate the International Space Station, to which China does not belong. But the United States will not test a new rocket to take people into space until 2017, and Russia has said manned missions are no longer a priority for its space program, which has struggled with delays and glitches.

Beijing is still far from catching up with space superpowers. The Tiangong launch is a trial step in Beijing's plans to eventually establish a space station.

"Tiangong-1 is, I think, primarily a technology test-bed," said Joan Johnson-Freese, an expert on China's space program at the U.S. Naval War College on Rhode Island, in emailed answers to questions.

"Technically, it has been compared to where the U.S. was during the Gemini program," she added, referring to NASA's manned space flights in the mid-1960s.

Over the next two years, China will probably attempt a Tiangong mission piloted by astronauts only after two initial missions, Gregory Kulacki, the China Project manager for Union of Concerned Scientists, wrote.

That feat will be followed by the launch of the Tiangong 2 and 3 space labs in following years, and preparations for a space station weighing 60 to 70 tons, wrote Kulacki.

"The real story is that when they eventually get around to building a space station it will look nothing like Tiangong," said Jones, the Australian expert.

"It's a test of a spacecraft that will one day be used as a cargo carrying vessel to a larger space station," he said.

This week, NASA unveiled plans for a deep-space rocket to carry astronauts to the moon and Mars. President Barack Obama has called for a human expedition to an asteroid by 2025 and a journey to Mars in the 2030s.

China launched its second moon orbiter last year after it became only the third country to send its astronauts walking in space outside their orbiting craft in 2008.

It plans an unmanned moon landing and deployment of a moon rover in 2012, and the retrieval of lunar soil and stone samples around 2017. Scientists have talked about the possibility of sending a man to the moon after 2020.

China is also jostling with neighbors Japan and India for a bigger presence in space, but its plans have faced international wariness. Beijing says its aims are peaceful.

"With most space technology dual-use -- of value to both civil and military communities -- anything done by China in space will have spillover to the military, much the same as NASA's technical advancements do in the U.S.," said Johnson-Freese, the expert from Rhode Island.

"Tiangong is not going to immediately or directly provide China any military capabilities," she said.

(Additional reporting by Ben Blanchard; Editing by Jonathan Thatcher)

Source: http://us.rd.yahoo.com/dailynews/rss/science/*http%3A//news.yahoo.com/s/nm/20110920/sc_nm/us_china_space_launch

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Billiards cheap or expensive

Choosing the right pool table is all about price and quality, but is usually not necessary to buy the highest price. Each type of table, like a board at low cost, cost a table, a table and a table of popular brand for high quality advantages and disadvantages to choose so wisely. The price range could be the deciding factor, so if you have a little more money, try a table for you and you will enjoy your purchase a lotmore.

To find cheap billiard tables in many department stores are, but most of them are designed for children. These types of tables do not use real slate, because if the cost for the actual list would be the total price increase. Instead of real slate, these tables use slate standing or, occasionally, a comb, with the surface of the table, these tables do not like a seasoned player pool. If you buy a cheap table, is usually divided into doses andmust be on their own, real billiard tables mount must be from a mechanic billiards installed will not. These tables long, usually last a few years and whose price is between $ 700 to $ 800, without installation and set whether assemble someone who's $ 1,000 and $ 1,200.

Economy Tables cost $ 1200 to $ 2000 and the use of today's surface, but have a few problems. This kind of table type is produced in garages, so if you visit one of thethese places and someone tries to convince you that a piece of slate Slate piece is better than three to not believe. In addition, some tables may not be oversized slate of Commerce, the expression for the list, which extends under the rails. This is important because some people had the opportunity to sit on a pool table, so if a table has no oversized slate could have a problem. If a person on a table, oversized slate, the table in order to support the weight, but has one sittingTable with no start, fluctuate over time, billiard tables lose staggering array of bars;. Imbalances in this table, which makes it impossible to play.

Tables popular brand to offer great style and they last longer, but some brands may have low-cost materials, or somewhere in the table. Although this is not how to be a problem, these materials can actually weaker your table, depending on where you put it. The basement is not a good place for a tablematerials has been made by men, could make the temperature change because board warp. The cost for the popular brand tables range from $ 2000 to $ 3000

The final table is a table that you can buy high quality, they cost $ 3000 or more tables in general, and the best materials and styles with a long warranty period. A high price does not always mean you are getting the best table, so shop around and compare prices before you make your purchase.

Each type of poolTables has features to match any type of player. Whether you have a table in a cheap or expensive, always shop around to choose a better price.

Source: http://sports-billiards.chailit.com/billiards-cheap-or-expensive-2.html

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Wall Street reviews Netflix's 'Qwikster' DVD split

This screen shot shows Qwikster.com, a new website service available soon from Netflix. Netflix Inc. plans to separate its DVD-by-mail service and streaming video businesses. CEO Reed Hastings said on Sunday in a blog posting that the DVD service will be called Qwikster while the streaming business will be housed under the Netflix name. (AP Photo/Netflix Inc.)

This screen shot shows Qwikster.com, a new website service available soon from Netflix. Netflix Inc. plans to separate its DVD-by-mail service and streaming video businesses. CEO Reed Hastings said on Sunday in a blog posting that the DVD service will be called Qwikster while the streaming business will be housed under the Netflix name. (AP Photo/Netflix Inc.)

(AP) ? Netflix's new double-feature is getting bad reviews on Wall Street.

Financial analysts and money managers are joining the chorus of consumers who are savaging Netflix's decision to separate its streaming video service from its DVD-by-mail division.

Market-watchers say the split could cause more subscribers to drop the service. Netflix will rename its DVD-by-mail operation Qwikster, a brand name that's both hard to pronounce and unknown to consumers. It will also expand into video game rentals. The streaming service will still be called Netflix.

But the 12 million Netflix customers who get both streaming videos and DVDs in Netflix's signature red envelopes will now have to visit two websites to make video requests and check their bills. That outraged subscribers, who filled Netflix's blog with more than 23,000 comments, many of them negative.

Netflix Inc. stock fell $13.72, or 9.5 percent, to close at $130.03 Tuesday. It is now down 55 percent since July 12, when the company announced that it was effectively raising prices by as much as 60 percent for customers who want to receive DVDs in the mail and watch videos online. The Standard & Poor's 500 index has fallen 8 percent in the same period.

With a nod to the terse movie-critic blurbs we all know and love, here's a collection of quotes from financial experts who are watching the stock:

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"Netflix's recent price changes, followed by the separation and rebranding of the DVD business, have increased (subscriber turnover) and damaged the brand value..."

"...we expect near-term uncertainty to persist until the direction of content negotiations and competitive offerings becomes clearer."

-Andy Hargreaves, an analyst at Pacific Crest Securities.

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"We believe the loss of $9 billion in market value rests with the CEO and believe one of the only ways (Netflix) can reverse momentum is to change management and reverse much of what it has already committed to."

"Frankly, we do not believe (Netflix) is likely to take these steps. The management has not shown to care about investors or its customers."

-Tony Wible, analyst at Janney Capital Markets.

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"We see little reason to create a new brand unless Netflix was intending to ultimately spin-out the Qwikster business."

"The friction of using both services could cause more to downgrade or even cancel their service."

-Justin T. Patterson, an analyst at Morgan Keegan

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"(For investors), we continue to recommend staying on the sidelines until the near-term uncertainties lessen."

"Our concerns ... remain in place and we believe (subscribers) will continue to seek out a less-expensive option in general and especially within an economic environment where fixed costs are being cut by household budgets."

-Eric Wold, an analyst at Merriman Capital

___

"We also have a problem with (Netflix's) decision to enter the videogame rental business. ... The beauty of filmed entertainment, as we see it, is that it is a long-lived asset exploitable in multiple windows."

"Audiences of the series 'Seinfeld,' for example, can still find virtually the same entertainment value in watching that show today versus its prime almost 20 years ago. The same cannot be said for video games, which find obsolescence very quickly."

-David Miller, an analyst at Caris & Co.

___

"I consider this a growing pain, quite frankly. I think they will take some hard lessons away from this ? mainly the value of a good PR firm. ... As a consumer discretionary company, this is very attractive at these price levels. ... This is becoming a value stock."

-Jeanie Wyatt, chief investment officer of South Texas Money Management, which owns Netflix stock in its separately managed accounts.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2011-09-20-Netflix-Analyst%20Quotes/id-8a037af30fff4318a34fa2c1b8ebecff

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Wednesday, September 21, 2011

The fascia of Business Intelligence in Human Resource ...

Abstract

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Human Resource Department is a part of any organization. Many companies do depend on HRM on various things like improving performance standards and excellence, staffing motivation etc.If HRM is clubbed with Business Intelligence it bound make some excellent results and also enhances the value of HRM.the statistical techniques applied in BI are bound to yield precise and reliable results in solving many problems proactively. In this article we see the application of BI in the HR department.

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What is Business Intelligence?

Business Intelligence (BI) is a term coined for technologies and applications employed in data collection, access, analysis and information about an organisation's business. It refers to the use of several financial / non-financial metrics / key performance indicators to assess the present state of business and to assist in deciding future course of action. It is ?actionable intelligence'.

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What is HRM?

Human Resource Management is based on ideas and techniques developed to enhance worker motivation, productivity and performance.

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Business Intelligence approach to HR strategy

Human Resources metrics have always been linked to other key performance indicators such as revenue and profitability. However, applying measurements systems, including Balanced Scorecard, to people management is always a challenging task.

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HR is not usually viewed as a source for hard measures. In order to analyze the return on all workforce investments, such as recruiting, developing capabilities, compensation and directing behavior, HR function should understand the business challenges of its entire organization.

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HR professionals must understand the organization's business plans and the operational, financial and customer-facing goals they are expected to achieve. Then they should associate these goals with the existing workforce metrics.

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In many cases, HR information is scattered, which leads to non-systematic hiring, training, performance management and compensation processes. Detailed HR measurement data is essential these days, as globalization, tight labor markets and an aging workforce are causing many businesses to more closely inspect the performance of their largest investment: the workforce whose compensation represents 60 percent to 70 percent of the general expenses.

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New Business Intelligence technologies offer HR departments the ability to invest in Human Capital Management analytics solutions designed to yield the insights essential for making informed decisions on HR.

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Business Intelligence allows HR departments to become a strategic asset within the organization. It helps boost the efficiency within the HR department and make key decisions around recruitment, planning, and budgeting to support the strategic goals.

Business Intelligence systems help HR professional access information from data warehouses and other sources, structure analyses to find areas of improvement, and communicate the results in a way that is convincing to others.

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HR function in the organization is not limited by administrative issues. HR department should use a fact-based systematic approach to solve business problems and offer a longer-term viewpoint in order to adjust to environmental changes. The key task of the HR professional is to proactively produce solutions to strategic business issues facing the organization.

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Business Intelligence -- Transforming HR Data into Business Acumen

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The New Complexity of HR

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More than ever before, HR professionals are being asked to show how their company's workforce policies affect its overall business plan. As a rule, this information is not readily available.

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For example, you granted merit raises to your employees this year. Can you measure your ROI on that expenditure? Did it resolve the turnover issue at your underperforming facility? Did it help retain the people and skills required to meet your company's five-year growth plan?

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In order to provide strategically sound answers, the HR staff needs the critical information provided by the right technology processes and analytical tools. They must be able to access and analyze data from all HR functional areas and employ appropriate methodologies to interpret the data, draw meaningful conclusions and make fact-based decisions.

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Fortunately, today's advanced technology systems can assimilate essential data and transform that data into business acumen that supports the broader enterprise business plan. Companies may have this expertise in house, or they may turn to HR outsourcers and consultants who have the data, technology and knowledge to provide solutions.

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From Disparate Data to Integrated Information

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Many companies struggle with the problem of disparate data that is housed in separate HR systems, making it difficult to extricate, and even harder to interpret.

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The first step is to extract and combine data from the various vertical HR functions, such as benefits, payroll and staffing. This integrated information can then be examined using appropriate metrics and analytics to produce business intelligence (BI) - the useful information on which HR professionals can base strategic decisions.

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For example, a company can discover what is really driving the cost of benefits - the plan design or a hiring freeze that was instituted to control near-term expense and has created an older workforce over time. Or, whether increased hiring is due to growth and skill upgrades or to unwanted turnover. Additionally, BI incorporates insight into statutory and regulatory compliance issues that are front of mind because of Sarbanes-Oxley.

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By accessing HR data horizontally across functional areas, companies can establish an informational baseline. That, in turn, allows them to measure the results of HR programs and practices, and identify critical insights about their workforce. They can examine trends over time and build a base for modeling and conducting 'what-if' projections for the future.

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Delivering Business Intelligence to a Global Organization

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BI is an especially critical area - and challenge - for global organizations, given the complexities of managing a culturally and geographically diverse workforce. An organization should start with a clear understanding of what it needs to measure and why, and take an inventory of the systems that house the base data. Often, a capital investment is necessary to obtain the requisite tools and infrastructure.

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It's best for companies to start with a few key business challenges that are significant to overall results. Although a long-term vision is essential, it's better to implement in stages.

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Benchmarking Increases the Value of Business Intelligence

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As HR outsourcing has matured, more industry benchmarking information is becoming available. Proprietary databases are being developed that can be used with benchmarking data maintained by third-party vendors, industry groups and government.

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By comparing typical ranges for workforce metrics in the marketplace, HR can set appropriate targets. For example, a company can consider labor supply, compensation; healthcare and payroll tax norms to understand what will drive its future profitability and productivity, to evaluate the impact of changing workforce demographics or to consider where to expand call center operations geographically.

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Linking Workforce Value to Financial Performance

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Business intelligence is an important input in measuring the value of a company's workforce because it helps link people data and programs to financial performance. Sophisticated analytics now can measure how HR systems and programs affect employee behavior and how that, in turn, influences customer behavior - and ultimately drives financial results.

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Companies need to know the demographic and skills profile of their workforce in order to optimize the value of that workforce. That is increasingly the job of a strategic HR function. And, companies must be able to link workforce measurement and the role of the HR function to their business goals. That allows them to evaluate whether HR is doing the right things to help the company grow.

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Using current employee data and projections about future workforce trends, companies can model the people implications of their business plans. HR can then develop targeted workforce strategies to help it attract, engage and retain the right people, in the right locations, at the right cost.

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For example, a global banking organization modeled its total projected labor costs to make decisions about where non-customer-facing employees should be located. In another instance, a leading information services provider was able to better understand current and future staffing trends to better align its reward programs.

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Leading companies create capability in workforce management. By leveraging a combination of excellent processes and technology, they take control of their future workforce today and position themselves to be ready to deliver on their strategy.

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Business Intelligence for HR

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Business Intelligence for HR functions as decision support structure for assessing and administering all HR functions. It offers access to precise, appropriate, wide-ranging information from HRMS applications besides facilitating tools to make improved and more calculated choices.

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Applying Business intelligence in HR helps in executing extensive manpower assessments, preparing account reports, employee performance reports, evaluating wages, staffing, available jobs and termination rules. This eventually helps the organization in making advanced choices that joins the staff with the corporate goals.

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BI helps the HR to provide strategically sound solutions with the help of right expertise and methodical instruments. Through BI an HR is able to avail and assess data from related operational area besides deploying suitable methodologies to understand the data, derive significant conclusions and make evidence based choices.

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Business intelligence (BI) is used in HR to enhance outcomes across all divisions of the firm right from applicant selection, performance assessment, value control, maintenance and profitability. The platform collects the significant data and converts it into commercial acumen that assists the extensive organizational plan.

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Business intelligence (BI) can be used in HR to improve results across all aspects of the organization ?candidate screening, performance appraisals, cost-containment, retention and productivity.

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With BI HR can accelerate to:

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Acquire Talent: Key insights can help HR cost-effectively find the right people in the shortest time.

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Deploy Staff: To segment workforce and invest time in the key employees who make the biggest contribution.

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Segment Talent: To provide opportunities for growth such as training, on-the-job experience, and mentoring.

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Retain Top Talent: To identify the critical talent within the organization and ensure HR retains it.

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It's not enough for HR to simply manage administrative issues. Rather, value will lie in using a fact-based analytic approach to solve business problems and providing a longer-term viewpoint about how the organization should adjust to environmental changes.

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?????? Aligning payroll and incentives with corporate goals

?????? Monitoring key metrics like turnover, demographics, cost per employee, recruiting, and training effectiveness

?????? Analyzing opportunities for improvement in areas such as recruitment, attrition, and retention

?????? Minimizing the administrative burden of manual processes involved with spreadsheets

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Application of Business Intelligence in HR

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?????? BI helps in acquiring right candidate in shortest span of time using economical

measures

?????? It helps in organizing staff and segmenting those who are consistent performers.

?????? It offers prospects for expansion such as training, counseling and on site

experience, etc.

?????? It assists in retaining top performer by locating the significant talent within the firm.

?????? It helps the HR to manage issues other than management and allows him to use evidence based logical approach to resolve commercial issues and offers long-standing perspective on how the firm should regulate keeping the industrial alterations in mind.

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?????? It helps in supporting the appraisal and incentives process in accordance to corporate objective.

?????? It helps in supervising major metrics like value per staff, revenue, staffing, demographics and training efficiency.

?????? Inspecting opportunities for enhancement in context of enrollment, abrasion, and maintenance

?????? Reducing the managerial weight of labor-intensive methods engaged with spreadsheets

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Role of Business Intelligence in HR decision-making

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?????? Offering precise, significant and actionable knowledge

?????? Implementing structuring abilities dependent on actual data to make protrusions regarding the altering dynamics of a firm's employees before, during and post strategy, administrative and other alterations.

?????? Conveys the plan of action, tools and studies to comprehend the influence of the business on office trends, choices and schemes

?????? Recognizes and associates performance enhancers and significant trends that help in updating the strategy for uninterrupted business solutions

?????? It controls pre-allocated KPIs to assign administrative objectives.

?????? It combines all major data on a single homepage which the user can access with one click

?????? It helps in managing employee's growth and learning, and evaluating training turnout, resource utilization, rates, and success rates.

?????? It helps in optimizing payments and comparing it with average salary group on the basis of performance and service analysis.

?????? It helps in controlling recruitment by evaluating time and money spent in the process.

?????? It helps in understanding employee's composition by job profile, user-identified groups, minority categories, and business areas.

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BI acts as a decision support system that helps analyze and manage all HR processes. It provides access to accurate, timely, comprehensive data from HRMS applications and provides the tools to make better, more strategic decisions. Perform comprehensive manpower analysis and budget reports. View employee development and performance reports. Analyze salary, recruitment, vacancy and termination trends. The results: drive faster, better decision-making that aligns your workforce with corporate objectives.

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More than ever before, HR professionals are being asked to show how their company's workforce policies affect its overall business plan. As a rule, this information is not readily available.

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For example, you granted merit raises to your employees this year.

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?????? Can you measure your ROI on that expenditure?

?????? Did it resolve the turnover issue at your underperforming facility?

?????? Did it help retain the people and skills required to meet your company's five-year growth plan?

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In order to provide strategically sound answers, the HR staff needs the critical information provided by the right technology processes and analytical tools. They must be able to access and analyze data from all HR functional areas and employ appropriate methodologies to interpret the data, draw meaningful conclusions and make fact-based decisions.

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Business Intelligence Supports Strategic HR Decision-making

BI can help HR departments become a strategic asset within their respective organizations in two ways: by generating efficiencies within the department itself; and by using the insight that BI delivers to help their organizations make strategic decisions around staffing, planning, and budgeting to support key goals.

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BI can help HR provide answers to the questions that have a direct bearing on their organization's strategy. For example:

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?????? Do our recruitment programs attract our future managers?

?????? Which employees are ready for management positions?

?????? What will our staffing needs be five years down the road?

?????? Who are the most productive employees across the company?

?????? Which employees are at risk of leaving? What can we do to keep them?

?????? Do we have the right skills mix to achieve our goals? Where are the gaps?

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With answers to these questions, HR can identify trends in their workforce that lead to a better understanding of how to maximize human capital. Positive trends can be leveraged for greater value; negative trends can serve as an early warning system to spur corrective action before problems become acute.

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Hiring, retaining, and deploying employees with the right skill sets can be challenging and has strategic implications to firms across industries

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Provides accurate, meaningful and actionable information.

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Introduces modeling capabilities based on real data to make projections about the changing dynamics of a company's workforce in advance of, during and after policy, regulatory and other changes.

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Delivers the methodologies, tools and analyses to understand the business impact of workplace trends, decisions and policies

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Identifies and links performance drivers and critical workforce trends that better inform the strategy for end-to-end business solutions

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Gain Daily Business Intelligence: Leverage predefined KPIs to set management goals. Consolidate all key information on a single homepage, with one-click access to automated out-of-tolerance notifications, KPIs, reports, and more.

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Manage Workforce Development and Learning: Analyze competence gaps by person and job. Analyze skills gaps for groups and individuals. Manage training attendance, resource use, costs, and success rates.

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Optimize Compensation: Analyze salary trends. Compare average salaries by group. Look at salary distributions and skews by grade, performance, and service test. Evaluate benefits plans for maximum value.

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Manage Recruitment: Analyze time and costs by recruitment method. Review recruitment success rates. Analyze applicant statistics and dropout reasons.

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Analyze Workforce Composition: Understand workforce trends by job, geography, user-defined categories, minority groups, and business areas.

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Manage Utilization and Productivity: Analyze planned and unplanned hours by cost band over time. Analyze absenteeism by reason over time.

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BI tools

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With BI tool, HR department can utilize all the data related to their existing employees to analyze their human capital and provide decisions around staffing and retention. Business intelligence can also help HR Department to mine out information regarding:

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?????? How to motivate individuals and departments within organizations?

?????? Do our incentives and benefits reward smart contribution?

?????? How to flush out innovation from individuals and departments?

?????? Will the individuals work their best in collaborative environment?

?????? What is the best technique to train employees?

?????? How to incorporate feedback from individuals?

?????? Why do employees leave the company? Where do they go?

?????? What does the individual employee think of work environment?

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With the BI tools, the HR can tailor the benefits and incentives. The era of providing generic benefits is over. BI tools help get ?Mass Customization' of benefits to suit individual employee. This will be very critical to be competitive in attracting and retaining talent.

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?????? Is my workforce capable enough to meet my target?

?????? Why is my employee turnover so high?

?????? Have I recruited the right people?

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Getting these answers is very critical not just for your HR strategy but to your business as a whole. But are your systems giving you the right information to help you answer these questions?

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They might be giving you numbers, percentages and statistics. But a lot of times you would not have known what to do with them. Unless and until they facilitate good decision making and intelligent choices, they mean nothing. So how do you get those ?good numbers'?

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Metrics in Business Intelligence

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What exactly are metrics?

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Metrics are numbers that indicate how well an organization is performing in a specific area and provide the context around which that performance should be analyzed. Metrics are often expressed as percentages (for example, percentage return on an investment), or sums (for example, total quarterly revenue). They can be either prime or aggregate. For example, an aggregate metric such as recruitment effectiveness could combine recruitment costs, time to recruit, and employee quality, and could be tracked over a specific period of time. Metrics provide the context for decisions around corporate performance in many ways. They have specific definitions, performance targets, thresholds, data sources, historical performance and include supporting documentation. Metrics have an owner who is responsible for meeting performance targets. Ownership for one or more metrics can fall to an individual employee, a team, a line of business, or an entire organization.

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They might be giving you numbers, percentages and statistics. But a lot of times you would not have known what to do with them. Unless and until they facilitate good decision making and intelligent choices, they mean nothing. So how do you get those ?good numbers'?

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HR is a key function and BI is required for better people management and overall business management.

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We understand the critical need of good decision making whatever be the functional domain. It is with this vision that we design and integrate business intelligence solutions with HR solutions.

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Along with integrating HR with your core business strategy, you will have a reporting system which will take care of your metrics. Get your metrics for:

?????? Trends analysis

?????? Employee turnover

?????? Workforce analysis

?????? Budget control

?????? Recruitment cost analysis

?????? Salary Monitoring

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Common sources of HR data are:

Internal

External

Payroll applications

Industry benchmarks

Legacy systems

Labor market trends

Employee surveys

Labor regulations

ERP systems

Collective agreements

Spreadsheets

Outsourced information

Financial systems

Industry benchmarks

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Business Skills for the IT Workers

IT executives are starting to see a looming shortage of people with the mix of tech and business skills they'll need. Its loud and clear Business Organizations need talent with a mix of technology and business acumen. Retiring Baby-boomers have amassed the business knowledge over the period of their employment. Businesses are looking for the same level of Business skill when hiring entry level IT worker to fill their position.

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At the same time ?Hard' IT skill by itself will not be a differentiator because of globalization of labor. The role of IT has also evolved from mundane automation in the 1990s to enabling the business to sustain competitive advantage. If the IT project is not critical to the company's core competency, it will get outsourced. With maturing SaaS model, the organizations will get very comfortable in using ?On Demand' delivery model for non core IT activities. With these emerging new realities, IT workers especially in the developed countries when they compete with other IT workers around the globe need to move up the value chain quickly. ?Soft' skills like good communication skill, collaboration skills etc. are beginning to gain importance.

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The sad part is, because of cost cutting, the organizations are not willing to invest in their workers to acquire those 'soft' skill. The IT workers need to be proactive and acquire those skills themselves.

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Companies around the world face a workforce that is getting older. This will make attracting and retaining talent a top priority. This trend will catapult into the role of HR department right into the middle of formulating a people centric business strategy, especially in Knowledge Industry. As the global war on talent continues, it will become increasingly difficult for large organizations to hire, motivate and retain talent. With the technological advances and globalization, organizations will be subjected to intense competition. Thus, utilizing the right human capital will be of paramount importance. Intense competition will also lead to growing attrition. This is where HR can play an important role in ?Talent Management'. Rather than doing only administrative work and ?reactive' hiring/firing employees, the HR professional need to ?proactively' start solving people issues. IT executives will not be able to address this on their own. Like it or not, they will have to collaborate with HR department in producing solutions to strategic ?people' issues facing the organization. With the advances in Business Intelligence (BI) tools, HR department can utilize all the data related to their existing employees to analyze their human capital and provide decisions around staffing and retention. Business intelligence can also help HR Department to mine out information regarding:

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?????? How to motivate individuals and departments within organizations?

?????? Do our incentives and benefits reward smart contribution?

?????? How to flush out innovation from individuals and departments?

?????? Will the individuals work their best in collaborative environment?

?????? What is the best technique to train employees?

?????? How to incorporate feedback from individuals?

?????? Why do employees leave the company? Where do they go?

?????? What does the individual employee think of work environment?

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Currently HR is not empowered to answer these questions in a systematic way. With the BI tools, the HR can tailor the benefits and incentives to custom fit every employee. The era of providing generic benefits is over. ?Mass Customization' of benefits to suite individual employee is where the future is. BI tools will help HR get there. This will be very critical to be competitive in attracting and retaining talent.

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Pervasive Business Intelligence

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Here are 5 Steps every organizations need to take to make BI pervasive

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Think Big: Don't think of BI as synonymous with query tools; instead, think about how information can be used to improve everything about your business.

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Start Small: A focused project will yield a fast win, garner executive enthusiasm, and provide greater insight into BI's complexities.

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Foster Business-IT Partnership: Learn what drives the business. Staff BI teams jointly with business and tech experts.

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Clean Up: If your source systems are a mess, your BI platform will be, too. Use a data governance program to improve data integrity.

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Provide A Portfolio Of Tools: BI interfaces are optimized for different users and applications. Don't underestimate the importance of interface appeal

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Six reports every HR executive needs

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HR scorecard

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A scorecard is part of a performance management system that provides executives and other people in an organization with critical information about their performance in an easy-to-use format. Scorecarding software creates, manages, presents, and delivers an Organization's key performance metrics (for example: quarterly revenue, ROI, customer satisfaction) and presents them using such intuitive symbols as traffic lights or directional arrows. From this summary information, the end user can drill down through a particular metric to increasingly detailed layers of information to analyze the factors that drive its performance. Scorecards can also be used to measure the performance of a specific department. For HR, key metrics could include progress against recruitment targets, overall headcount, skills gaps, training expenses and effectiveness, employee performance ratings, turnover rates, and more. An HR scorecard enables HR managers to achieve two goals at once: it identifies opportunities for HR to improve its own performance through more effective strategies, whether they focus on recruitment, training, retention, or other areas. It can also be integrated into an executive-level scorecard that illustrates the impact of HR in context to the organization's strategic goals and success.

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Recruiting analysis

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Companies use many recruitment methods to attract top talent. These include newspaper ads, agencies, job fairs, and employee referrals. Recruitment costs account for a considerable percentage of HR's overall budget, and HR mangers need to know that the money that's being spent is attracting the right people. Many HR departments calculate their average cost per hire. However, this tells only part of the story. With BI, a HR manager can measure recruitment efforts in terms of the time required to recruit. From there, the manager could combine the time, money, and recruitment method required to recruit a specific employee, then correlate these metrics to the employee's performance. This could reveal that one method attracts more people in a shorter time or at a lower cost, but that the people are not as highly qualified as those attracted by another method that either costs more or takes a longer time. In this way, the manager can see which methods bring in the highest-quality employees and design highly targeted, highly effective recruitment campaigns that attract highly qualified people.

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Retention analysis

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A challenging economy and a fluid job market have made employee turnover a growing concern among HR executives. Turnover costs can range from the equivalent of six months to three years' worth of salary and benefits depending on the level and expertise of the employees who need to be replaced. To reduce hiring and employee placement costs, HR executives need the ability to proactively identify the factors that lead an employee to leave, thereby increasing the company's overall retention rate. Both of these goals can be accomplished using BI. An HR executive can consolidate and monitor the various facets of each employee's situation (seniority, salary, position, promotions, job class, skill set, and more) and analyze the impact of each facet?whether on its own or combined with others?on the company's turnover rate. In this way, HR executives can create a profile of the employees who are at the greatest risk of leaving, identify the employees that match that profile, and then devote resources to the factors that will prevent them from leaving. This helps the company lower its turnover rate, thereby reducing recruitment, new hire, and employee placement costs.

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Workforce analysis

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A company's ability to deliver on its strategic goals depends not only on its staffing levels, but also on the skills of its employees. Departments that are continually understaffed, or employees that are lacking specific skills, can impair the company's effectiveness. As such, HR managers need the ability to map the goals of each department to the staffing levels and skills mix they will need to achieve them, and then measure progress against these targets. This lets the HR manager align employee performance with the company's strategic goals.HR managers can also use BI to report on basic employee information such as age, gender, and even ethnic origin. Accessing this information lets HR managers see whether their company is complying with labor regulations such as Employment Equity or Affirmative Action. The resulting insight can spur changes in staffing policies that could spare the company from potentially serious consequences. HR managers can also be notified of shortfalls through an automatic email. In this way, HR managers can prevent staffing problems before they develop. If a company plans aggressive growth through acquisitions, BI can be used to consolidate the various legacy systems that will become part of the company's HR database. At the same time, HR managers can use BI to forecast future staffing needs and inform executive decisions regarding budgeting and planning.

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? succesion planning analysis

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Many companies fill their managerial ranks with a mix of internal employees who have worked their way up and people from outside the company. Newcomers inject new ideas and energies; veterans provide continuity and a deep understanding of the corporate culture. The challenge for HR managers is to identify future leaders from within the company and to ensure that recruitment programs are attracting suitable managers from without. Using BI, HR managers can adopt a long-range view that enables them to assess what is sometimes referred to as their company's "readiness rate." They can use BI to create a profile of current managers (their skills, salary, seniority, related experience, and so on) and correlate that information to the company's current workforce. This "bench strength analysis" lets them identify employees who are ready to assume management roles now (those who match the profile), and those who will be ready down the road. From here, directors can identify the skills that future management candidates require to become fully qualified and then design the appropriate development or training programs. This helps ensure that departing managers do not leave holes in the corporate memory?holes that are very expensive to fill.

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Compensation analysis

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Performance-based compensation packages are an effective way for a company to recruit and keep top talent. Performance-driven organizations reward the most effective employees. HR managers need to know that their compensation plans are effective and competitive for their industry and for the skills that they require.BI can help HR managers design effective compensation benefits and policies by correlating compensation to performance targets, skill sets, seniority, and other factors. For example, a sales manager could use BI to analyze the split between revenue generated by new and existing customers, identify those sales reps who bring in a higher percentage of new business, and structure their compensation accordingly. This encourages employees to continually improve their performance and skills. For the HR manager, the end result is a reduction in turnover rates and the associated recruitment costs. It also ensures that payroll spending has a demonstrable impact on overall performance.

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Conclusion

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To conclude Business Intelligence will help HR departments to solve people's issues proactively. It will help HR in Talent aqusition, reducing costs, retaining better talent, work force segmentation,.accesing the performance of the employees or workforce etc.BI gives a new facet to HRM.BI helps HR departments to generate wide variety of on demand HR reports and thus contributes for the effective functioning of HR in organizations through accurate decision making. Thus BI helps in creating and adding a value to the Human Capital Management. Business Intelligence Provides Strategic Value to HR by giving a Complete View of Employee, Compensation, Training, and Workforce Planning Data

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References:

Transforming HR Data into Business Acumen-Roselyn Feinsod, Principal, Towers Perrin HR Services, and Michael Tindall, Manager of Global Business Intelligence and Talent Management, ExcellerateHRO-July 30, 2006
Various blogs related to HRM and Business Intelligence
A seat at the table-how smart hr departments win with business Intelligence - 2008-IBM Cognos.(e-book)

http://www.citehr.com/129316-research-articles-hrm.html

5.????? Human Resource Management Practices in Small and Medium-Sized Enterprises: Unanswered Questions and Future Research Perspectives-RL Heneman, JW Tansky, SM Camp.
6.????? http://tdwi.org/articles/list/business-intelligence-bi.aspx
7.????? The four pillars of HRM: are they connected?-S Wood - Human Resource Management Journal, 1995 - Wiley Online Library.
8.????? HRM in project-intensive firms: changes and challenges-J S?derlund, K Bredin - Human resource management, 2006 - interscience.wiley.com.
9.????? HRM in project-intensive firms: changes and challenges- S?derlund, K Bredin - Human resource management, 2006 - interscience.wiley.com

10.? Talent Intelligence- HRM Today-Alice Snell-May 2010

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Published several Articles on Datamining and Busines Intelligence.Interested areas are Software Engg,Datamining,DBMS,COBOL>presently faculty Alluri Institute of Manangement Sciences,Warangal,A.P.


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Source: http://bensbusinessforce.org/the-fascia-of-business-intelligence-in-human-resource-management/

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Breast cancer myths: Just the facts, please | Healthy Living

Tuesday, September 20th, 2011 | Health Topics

Myth: All breast lumps are cancerous.

Fact: 8 out of 10 breast lumps are soft (not cancerous).

Myth: Only women get breast cancer.

Fact: The annual guess for group who will be diagnosed with breast cancer is 2,140, and a series of group who will die from it is 450.

Myth: Mammograms means breast cancer to spread.

Fact: Neither a deviation nor a vigour placed on a breast from a mammogram can means breast cancer to spread.

Myth: If no one in your family has had breast cancer, we won?t get it.

Fact: Only 15 to 20 percent of women with breast cancer have a family story of a disease.

Myth: Your genetic risk of removing breast cancer comes customarily from your mother?s side of a family.

Fact: Half of your genes come from your mom and half from your father. Therefore both sides of your family change your risk equally.

Myth: Eating high-fat dishes causes breast cancer.

Fact: Fatty dishes minister to additional physique weight, that is a risk factor. Excess physique weight increases estrogen prolongation and adds to a altogether turn of estrogen in a body, and estrogen stimulates a proliferation of both normal breast cells and cells with cancer-producing DNA mutations.

Myth: A turn in your BRCA1 or BRCA2 gene means we will get breast cancer.

Fact: Although changes in these genes prejudice group and women to an increasing risk of breast cancer, customarily 5 to 10 percent of breast cancer patients have a mutation.

Myth: Only ?old? women get breast cancer.

Fact: 25 percent of women with breast cancer are younger than 50.

Myth: Breast cancer is a genocide sentence.

Fact: Up to 98 percent of women tarry during slightest 5 years when their cancer is held early, and 85 to 90 percent tarry during slightest 10 years.

Myth: If your mammogram is clear, we really don?t have breast cancer.

Fact: Mammography catches many breast cancers though not all. In further to mammography, women should have their breasts examined annually by their health caring provider and perform monthly self-exams.

Myth: Lumps are painless.

Fact: Cancerous breast lumps are customarily painless, though not always

Myth: There?s zero we can do to forestall removing breast cancer.

Fact: Research epitomised by MayoClinic.com indicates we can really minimize your risk of removing breast cancer by: progressing a healthy weight; avoiding ethanol or tying a use to reduction than one splash per day; removing unchanging exercise; minimizing a generation of hormone therapy; and tying your use of pesticides and antibiotics.

Sources: National Breast Cancer Foundation, a University of Michigan Comprehensive Cancer Center, Prevention.com, Breastcancer.org and MayoClinic.com.

Tags: breast cancer, cause ?

Source: http://premaimages.com/breast-cancer-myths-just-the-facts-please.html

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Tips to assist Quit Snoring | Home and Family

[unable to retrieve full-text content]How To Stop Snoring has already turn out to be a laughing matter for most persons. But what we tend not to normally know is the fact that quite a few conflicts.

Source: http://homeandfamily.org/home-appliances/tips-to-assist-quit-snoring?utm_source=rss&utm_medium=rss&utm_campaign=tips-to-assist-quit-snoring

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