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Home Courses XLRI Jamshedpur | Executive Development Programme in Advanced Strategic HR and Analytics for HR Leaders (Batch 02)

XLRI Jamshedpur | Executive Development Programme in Advanced Strategic HR and Analytics for HR Leaders (Batch 02)

Elevate Your HR Impact: Leading with Data-Driven Strategy

Course Snapshot

  • FeeINR 1,99,200 + GST
  • Work Experience7 - 30 Years
  • Duration7 Months
  • Delivery MethodBlended- Online

Course Detail

Programme Overview:

In recent years, HR has made significant strides in adopting a measurement mindset, yet gauging the impact of HR interventions has remained a challenge. With the advancement of analytics, HR is increasingly capable of demonstrating the tangible impact of initiatives on business performance. This is why seasoned HR professionals recognize the pivotal role of HR analytics and strategy in maximising talent potential and driving growth. However, translating data into actionable insights and aligning HR strategy with organisational goals present complex challenges.

XLRI's Executive Development Programme in Advanced Strategic HR and Analytics for HR Leaders addresses these challenges head-on. This seven-month live online programme is designed for experienced and ambitious HR professionals who aspire to become influential leaders and drive real results in their organizations with a strategic and data-driven mindset.

Learning Outcomes:

  • Learn how to leverage HR data to uncover actionable insights that inform strategic HR decisions and drive quantifiable improvements for your organization.
  • Develop the critical thinking necessary to align HR initiatives with the organization's overall goals, positioning yourself as a strategic partner at the leadership table.
  • Hone your stakeholder management, communication and change management skills to lead and gain buy-in for HR initiatives effectively.
  • Learn to utilize cutting-edge analytics tools to optimize talent management strategies, boost employee engagement and enhance organizational effectiveness.
  • Discover and implement innovative HR approaches to keep pace with emerging industry trends and maintain a competitive advantage.
  • Gain the skills, knowledge and confidence to navigate future challenges in the rapidly evolving HR landscape.

Desired Candidate Profile

  • Graduates or Diploma holders with at least 7 years of experience in HR management or related domains are eligible to apply. For Indian participants, a graduation (10+2+3) or diploma from a recognized university is required, while international participants should have a graduation or equivalent degree from any recognized University. Additionally, HR professionals with 7 or more years of work experience after graduation are eligible to apply. Applicants should have a strong foundation in HR principles and a keen interest in advancing their analytical and HR leadership capabilities to drive organizational success.

Course Modules

Part A: Advanced Strategic Human Resources Management

Module 1: Strategic Context for Data Driven HR Decision

  • Decoding the strategic intent of the firm
  • Understanding business models to develop data-driven HR metrics
  • Analysing the scope of data-driven HR decision
  • Value chain analysis
  • Emerging challenges in designing HR strategy, structure and HRM system

Module 2: Strategic HRM: Sectorial Analysis

  • Reviewing the trend in managing employees using data across sectors
  • Identifying sector-specific HR metrics for strategic decision
  • Industry expert's views on sector-specific strategic HR issues and challenges
  • Illustration of strategic HR issues in various sectors such as FMCG, BFSI, E-commerce, manufacturing, and application-based businesses

Module 3: Strategic Transformation through HR

  • Framework to catalyse the data-driven strategic transformation.
  • Understanding the importance of alignment of business goals with group/team/individual goals.
  • HR as a lever of the strategic turnaround of the firm

Part B: Advanced HR Analytics

Module 4: Financial Aspects of HR Decisions

  • Concept of direct & indirect cost
  • Analysing and understanding HR overheads
  • A brief introduction to the financial statement/income statement
  • Financial & HR implications of the business model
  • Analysis of business parameters-ratio analysis

Module 5: Application of Costing - ROI on Human Capital

  • Identifying HR investment heads Calculation of ROI on HR investments
  • Value chain analysis of HR decisions
  • In-class exercise

Module 6: ROI on Employee Benefits

  • Calculation of ROI on employee benefits
  • Calculation of ROI on recruitment, training, engagement, and various well-being initiatives
  • In-class exercise

Module 7: HR Budgeting and Costing Concepts

  • Understanding the financial implications of HR decisions
  • Cost analysis and budget allocation for HR initiatives
  • HR budget projections

Module 8: HR Analytics - I Introduction to Tools and Techniques

  • Introduction to Analytics
  • In-depth understanding of Power-BI, R, SAS, and related applications
  • Advanced familiarity with data analytics in Excel.
  • Introduction to artificial intelligence in data analytics
  • In-class exercise to develop familiarity with analytical tools & techniques

Module 9: HR Analytics - II Data Visualization

  • Introduction to visualization techniques
  • Data cleaning and interpretation
  • Using AI for data visualization
  • Graphs & Charts

Module 10: HR Analytics - III HR Modelling

  • Introduction to Predictive Modelling Techniques
  • Forecasting talent needs and attrition rates.
  • Building predictive models for workforce planning and recruitment

Module 11: HR Analytics: IV Advanced Predictive HR Models

  • Probit, logic, and logistic modelling for complex HR decisions
  • Advanced predictive modelling for employee engagement and performance

Module 12: HR Forecasting and Manpower Optimization:

  • Advanced HR forecasting techniques for optimal resource allocation
  • Manpower optimization strategies for improving organizational efficiency.
  • Succession planning-Movement analytics
  • Trend analysis

Module 13: Compensation Analytics:

  • Analyzing compensation structures and their impact on employee retention and performance
  • Calculations of pay range, pay spread and pay overlaps.
  • Compensation ration analysis
  • Pay line development & interpretation.
  • Designing pay for performance-contribution margin approach
  • Incentive designs

Module 14: HR Dashboard and Report Writing

  • Designing and implementing HR dashboards for effective decision-making
  • Data visualization techniques for communicating HR insights.
  • Reporting the results