What is Multivariate Data Analysis? Data analysis is as old as data itself, however very early forms were limited due to the manual nature of analysis and later forms by computing power limitations. The explosion in data coincided with build-up of computer processing capacities and advanced data analysis techniques became accessible to governments, then organizations, and later, to anyone with a modern day personal computer. Multivariate statistics involves observation and analysis of multiple statistical variables at a time. The objective is to detect patterns and relationships between several variables simultaneously, and draw conclusions from them. The conclusions are usually in the form of establishing relationships that allow us to predict… Read More
Continue ReadingThe Importance of HR Analytics
What is HR Analytics? Within the domain of analytics, the Human Resource analytics (HR Analytics) field deals with people analysis and applying analytical processes to the human capital within an organisation. The overall objective is to improve employee performance and reduce employee attrition / increase employee satisfaction. A quick example can explain the value-added nature of HR Analytics over HR Data and HR Metrics: ● HR Data: Employee attrition this year is 20 percent ● HR Metric: This is a 3 percentage point increase from last year ● HR Analytics: Improper appraisal process contributed 2 percentage points to the increase Need for HR Analytics The goal of HR Analytics is… Read More
Continue ReadingEntrepreneurship Development in India
A self-made individual who takes financial risks in setting up a business for profit is called an entrepreneur. Today, amidst a struggling economy, India has witnessed many start-up success stories including Flipkart, OYO, Ola Cabs, BookMyShow, Nykaa, Big Basket, and Swiggy to name a few. However, all self-employed people cannot call themselves entrepreneurs. The potential for growth and economic impact is what truly defines an entrepreneurial business. “Startups have emerged as engines of growth for our economy. Entrepreneurship has always been the strength of India. Even today, young men and women have given up greener pastures elsewhere to contribute to India’s growth. They are risk-taking and come up with disruptive… Read More
Continue ReadingWhy Executive PGDM is Beneficial to Working Professionals
Executive PGDM is a programme that is exclusively designed for working professionals. Candidates, after reaching the mid-level career, often feel that their growth has hindered due to a lack of credential and knowledge. As a result, they have very limited opportunities to give their career a boost. In this situation, a credential like executive PGDM or executive MBA can turn out to be extremely beneficial to them. Let us check out the reasons to go for an executive PGDM programme. Industry Relevant Curriculum Executive PGDM courses are industry-relevant. They are designed keeping in mind the ongoing market trends to keep candidates abreast of the best practices. Besides, an executive PGDM… Read More
Continue ReadingKey Criteria to Consider When Evaluating the Best PGDM College
Choosing the best PGDM College in our country is not an easy task as there are no fixed guidelines or criteria for the same. Pursuing a PGDM programme involves the investment of two crucial resources – money and time, and to ensure you make the right decision, it is important to evaluate the college first. There is no dearth of the best PGDM colleges in Delhi and other prominent education hubs, but before you make the final choice, take a glance at the following key criteria curated to help you make the right choice for PGDM admission in 2020. Set Your Goal First It all starts with you. Before you… Read More
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