Quantitative Approach to Human Capital Management

   

Added on  2023-01-19

9 Pages2693 Words61 Views
Business Management
Project assessment
Quantitative Approach to Human Capital Management_1
Quantitative Approach to Human Capital Management_2
INTRODUCTION
Business Management can be defined as number of actions, that are being taken into
consideration by a company to attain different goals and objectives in specified time frame (Lin
and et. al., 2017). While performing an investigation, mainly there are two type of research
methodologies, that researchers take into consideration and these are qualitative and quantitative.
Assessment is specifically going to cover one journal and book on a topic of both the research
methods (Qualitative and Quantitative). On the other hand, investigator has chosen Marketing
as the topic to perform the research paper, where there will be an explanation of strategy,
approach, philosophy, data analysis techniques, data collection, and design on the journals that
has been considered. Lastly, the report will show critical analysis on all the considered
literatures.
TASK 1: QUANTITATIVE APPROACH
1.1 Introduction
Title: A Quantitative Approach to Human Capital Management
Aim: To understand behaviour of Human Resource Management and it's impact on profit
margins.
Objective: Specifically, objective of this journal is to deliver statistical and numeric data
or the information in regards to performance level of employees, so that managers would become
able to take effective decisions for profit maximisation of the company.
Background:
Over the years, HCM has been playing a crucial role for the business organisations,
where factors like training, recruitment, selection process and more helps a company in grabbing
a good position within the market and to earn high profit margins as well (Kesti, Leinonen and
Syväjärvi, 2016). Basically, study has been divided among two different sections, where first
phase is specifically enclosed with various elements that shows Human Capital Management
practices, which are majorly enclosed with number of principal components and the factor
analysis as well. Apart from this, second phase will be considering the personnel adjusted added
(PAV) value, which helps in pulling out favourable outcomes. Including this, multiple regression
model has been developed in order to accumulate different HCM elements that impacts upon
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Quantitative Approach to Human Capital Management_3

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