NPTEL HR Analytics Week 10 Assignment Answers 2024
1. What is the main purpose of performance measurement in driving business outcomes?
- To increase salaries
- To assess the effectiveness of organizational performance measurement in achieving goals
- To track the number of meetings
- To decrease employee workload
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2. Which approach is used to align individual goals with organizational goals?
- Customer satisfaction approach
- Balanced score approach
- Leadership approach
- Talent retention approach
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3. Which of the following is a lead measure in internal learning and growth?
- Rate of new product development
- Employee job satisfaction
- Developing strategic competencies
- Product defect rate
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4. Which stakeholder is responsible for strategic indicators under the internal business processes in the balanced score approach?
- Accounting professionals
- Internal customers
- External customers
- Employees
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5. What is the Variable Performance Linked Pay (VPLP) used for in compensation?
- To reward employees for length of service
- To link compensation directly to performance achievements
- To provide non-financial benefits
- To ensure equal pay across all departments
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6. Which of the following factors affects compensation plans within an organization?
- Gender and age
- Work-life balance preferences
- Family status
- job responsibilities and market competitiveness
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7. In Skills Gap Analysis, what is the primary goal?
- To assess the availability of financial resources
- To identify the differences between current workforce skills and the skills required to achieve strategic goals
- To monitor employee engagement levels
- To create salary structures based on job levels
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8. Which metric helps in evaluating the effectiveness of a compensation strategy?
- Employee satisfaction scores and turnover rates
- Number of promotions per year
- Number of hours worked
- Salary increments provided
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9. Adaptation in HRM refers to:
- Monitoring employee engagement
- Adjusting HR strategies in response to industry changes
- Setting up flexible working hours
- Improving employee wellness programs
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10. What was the focus of DataCorp’s compensation strategy in the case study?
- Increasing employee benefits
- Linking individual pay more closely with performance
- Implementing job rotation programs
- Creating a retirement savings plan
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