Assignment by Raj Singh
Assignment by Raj Singh
Assignment by Raj Singh
Definition:-
A management information system (MIS) is a system for collecting,
organising, processing, and interpreting corporate data so that it may be
transformed into useful information. A company's MIS is likely to be more
sophisticated the more complicated its operations are. By gathering the data
gathered by various staff members and collecting it in a uniform and accessible
way, a MIS is utilised to considerably increase the efficiency of report
generation and data analysis.
The most recent MIS operations make use of cloud technology and are
able to track productivity changes over time, respond to data-related questions,
and highlight data that matches current requirements. Depending on the size of
the organisation, it might have a MIS department with a group of qualified IT
specialists to handle its complicated data management requirements. Many of
the company's other employees may be able to view and use the MIS data in
addition to the decision-makers.
Advantages of MIS:
Disadvantages of MIS:
These are some of the SQL manipulation commands that are most
frequently used. You may successfully manage and manipulate the data in a
database to suit your needs by utilising these commands.
Two key ideas in the subject of human resource management are HR Metrics
and Workforce Analytics.
Reporting,
Reporting has received a lot of attention in the study and application of
metrics and analytics. Reporting includes judgements about (a) what metrics
will be reported; (b) how these metrics will be packaged; and (c) how, (d) when,
and (e) to whom they should be reported. Effort has focused on attempting to
identify what metrics an organization should use. Yet, attempting to choose
what metrics should be reported without taking into account the challenges and
opportunities faced by an organisation overlooks the points for which the
metrics were chosen. Metrics should be presented for decision makers in a way
that increases the likelihood that the "message" that matters to them will be
understood. How questions address the dilemma between giving decision
makers options to extract metrics as required versus sending metrics to them via
email. Posting the metrics on business websites enables the latter strategy.
Dashboards,
Dashboards are a more sophisticated aspect of reporting. A greater ability to
aggregate corporate data is shown in dashboards, which also represent efforts to
coordinate real-time analysis of organisational and HR activities. Moreover,
business unit assessments are included in dashboards so that managers may dive
down and look at KPIs at various organisational levels. Users of the dashboard
are able to keep track of important HR metrics at all times.
Benchmarking,
The benchmarking efforts of the Saratoga Institute were the first to produce
data on common HR indicators for the utilisation and management of human
capital. Benchmarking data is beneficial since it shows what is achievable. The
utilisation of HR people and practises inside an organisation reflect the issues an
organisation is now facing, which presents a challenge when using HR metrics
as benchmark data. As a result, the majority of businesses have an HR
department, yet these departments' precise duties differ greatly between
businesses. As a result, making direct comparisons between HR benchmarking
data from one's own company and data from other companies may not offer
practical guidance for defining goals or predicting the possible efficacy of
corrective actions a business might take.
Data Mining
Since the deployment of integrated HRIS and computerised HRM
procedures, interest in data mining of human capital data has increased. Data
mining is the process of looking for patterns in data that could reveal previously
unknown causal mechanisms and improve decision-making. Data mining
combines correlation and multiple regression techniques to find patterns of
relationships in very big datasets in order to identify these causal mechanisms.
Finding a link between employee job satisfaction and employee turnover might
serve as an example.
Predictive Analysis,
Many metrics and analytics initiatives aim to perform predictive analysis. In
predictive analysis, efforts are made to create organisational system models that
can be utilised to forecast future results and comprehend the effects of fictitious
changes in companies, such as a change in current organisational systems.
Operational Experiments,
The movement for evidence-based management contends that rather than
relying on personal ideologies, unproven personal models, or presumptions
about "how things work," managers should base their decisions on information
obtained from the organisation and evidence about how its systems actually
function. Operational experiments carried out within the organisation are one of
the most efficient ways to get the data on which to base decisions.
Workforce Modelling,
Workforce modelling aims to comprehend how an organization's human
capital requirements will alter in response to some anticipated change in the
environment of the firm. The organization's product demand may have changed,
it may have entered a new market, it may have sold one of its businesses, or it
may be in the process of acquiring or merging with another company.
HR process efficiency,
These three specialties each represent a distinct domain where firms can
work using metrics and analytics. The third area of expertise—administrative
process efficiency—is currently the focus of most measures. These
measurements concentrate on how successfully the HR division completes the
crucial tasks required to enhance organisational effectiveness. The cost per
hiring, the time it takes to fill a position, the percentage of timely completed
performance reviews, and the cost of the HR department as a share of overall
costs or sales are possible metrics in this area. Process management is only
desired, though, when the organisational procedures best aid the operating
divisions of the business in achieving their objectives.
Organizational Effectiveness
The improvement of organisational processes is the primary emphasis of
HR metrics and workforce analytics, which are generally directed outside the
HR department. Here, the goal is to make use of the technical expertise of HR
professionals in HRM in regards to their comprehension of the best ways to
hire, select, deploy, train, design jobs for, motivate, develop, and evaluate
employees in order to assist organisational units in more effectively achieving
their goals. The results are operational metrics for the business units, such as
cost per unit, operational downtime, lost time accidents, and the proportion of
on-time delivery. Analysis will be done to see whether adjustments to HRM
procedures will enhance the operational effectiveness of companies or particular
business units.
Strategic Realignment
The group of tasks most typically referred to as human resources
planning are included in strategic realignment. The focus of these planning
efforts is on both long-term plans to ensure the replacement of the labour force
required to run the organisation as well as planning for necessary strategic
changes in the organisation. For instance, while a big section of its engineering
team is about to retire, Boeing is making a number of initiatives to ensure that it
will have enough engineers available to staff operations in the future. Planning
for novel contexts and situations is another application of strategic realignment
for HRM analytics. When a corporation changes its strategic direction, whether
through a merger, acquisition, divestiture, or other means, new conditions and
circumstances arise. The ability of the HR department to estimate the future
demand and supply of needed human capital is largely driven by changes in
organizational strategy, and this ability to forecast these future needs is crucial
to the survival of the organization.
Data Security
Data privacy
Data privacy refers to concerns about how data is processed, including
data sensitivity, regulatory requirements, consent, and notifications. An example
of data privacy is the use of a separate, secure database for personally
identifiable information (PII).
Social engineering attacks are the primary medium used by attackers to gain
access to sensitive data. This includes manipulating or deceiving individuals to
provide personal information or access privileged accounts.
Security Misconfiguration
Shadow IT
The main cause of shadow IT is that a company cannot provide its employees
with the tools they need to get the job done. Organizations must have an open
dialogue with their employees and do their best to understand and satisfy their
technical needs. DLP tools can also be used to prevent employees from
uploading sensitive information to third party services, and monitor data
transfers to better understand the impact of shadow IT.
Ransomware