Internal and external data Essay

The Bowmer and Kirkland human reasources department will collect and use external labour market information for planning in the business. Unemployment statistics : The current labour market figures show that in the east midlands current unemployment is only 4.1%, this means Bowmer and Kirkland may have difficulty finding people to employ as so many already have a job. As the higher the unemployment rate the more people there will be for Bowmer and Kirkland to employ.The unemployment rate of the east midlands is 1% lower than that of the whole UK. In Derbyshire alone the unemployment rates are paticually low and numbers are still falling. Although rates are low, GDP per head still lags behind the UK and European averages, skill levels and productivity in manufacturing are also below average. 31.6% of people working in east midlands have no qualifications compared with 28.9% of England, so when Bowmer and Kirkland need to emply someone it will alot of the time also include the costs of training them up. So in conclusion the unemployment rates in the east midlands could cause a problem when it comes to Bowmer and Kirkland recruiting staff. For a start there are only 4.1% people avaliable to work, and they have got appreciate that not all that 4.1% will have the knowlage and skills recuired to work at Bowmer and Kirkland. This will result in costing Bowmer and Kirkland alot of time and money, mainly on training. One way of getting round the low unemployment rates would be to take staff they already have and train them up for hiarachy positions. Although this will leave another problem of having to find someone to fill their origional position, so they cant win really. Employment and Unemployment in the construction industry : In the last few years turnover has gone up and the ammount of people employed has remained static. The avaliability of contructors in the labour market is a problem to Bowmer and Kirkland as there are not alot of qualified workers out there so most of there employees have the standard ammount of GCSE’s and A-levels. However Bowmer and Kirkland can train people up. The business’ in the local area that Bowmer and Kirkland are compeating for for the same employees are, Thorntons, Denby pottery, Rolls royce, these are the major compaines in this area, but construction companies down to Birmingham also cause competition for workers. Internal information The Bowmer and Kirkland human reasources team will also collect and use Internal staffing information for planning in the business. Labour turnover : Bowmer and Kirkland measure Labour turnover because they believe it is important to know how many people they need in the business. This also allows them to be able to compare their figures to other industrys and see how they match up. From the figures they have 20% of people have left the company this year, the main few reasons people are leaving are to branch out and move on, some are only probation periods and dont have their contract renuied, and some could have been sacked or made redundant. Although saying that some of them sometimes come back to the company depending on why they left. If someone is wanting to leave they have to hand in a 4 week or week notice and have the exit interview. Bowmer and Kirkland do this so they can see if there is a trend in why people are leaving, then they may be able to do something about it. For example †¦ most of the leavers may be from one department, and it may narrow down to the fact they are all finding better paid jobs elsewhere, so then Bowmer and Kirkland can sort out that problem. Bowmer and Kirkland however see this as a good thing as this means they can bring in new people/staff and they will bring in new ideas to the company. Bowmer and Kirkland on average employ 20 – 25 new starters each month, the majority of them have minimum qualifications and 10% are usually apprentices, however Bowmer and Kirkland will train them up. Sickness and Accident rates : Bowmer and Kirkland dont compare their Sickness and Accident rates against the national average. However they compare it internally within the company. They have weekly reports to monitor staff absences and the health and safety department monitor all their staff accidents. Of course if someone is found to be having an unusual ammount of absences they will have to have words with them and see the reason behind this as it would not be good for the company. Age, Skills and Training : Bowmer and Kirkland look at their demographic trends. Within the company 92 % of their employees are male and only 8 % female, this is purly because of the concept of he industry, it is more appealing to the male population. Also new training scemes are being used more in Bowmer and Kirkland now so the older generation is being left behind slightly, for example†¦ Modern apprentaships.

Company Metadata and Master Data Management

Company Metadata and Master Data Management Metadata is a type of data that is factual and that acts as extra information through which organizational data is presented. The data is concealed in a document, attached and created in a computer file. It can take the form of revised history and comments between a document and the editors such as in the case of word processing in Microsoft Word. Metadata can be described in terms of how data is formatted.Advertising We will write a custom research paper sample on Company Metadata and Master Data Management specifically for you for only $16.05 $11/page Learn More It is divided into two; structured and descriptive metadata. Structured metadata involves the plan and pattern of data structures, while descriptive metadata is where an individual creates data content. Metadata can be used in describing digital data in a specific discipline, and by relating the information and the context of the data files (Baca, 2008). There are various security issues related to metadata. One such issue is the possibility of information leakage, an aspect that could easily damage an organization. A patient or any other unauthorized personnel may, for example, illegally access a patient’s health information and that related to other sensitive details, a situation that is not only harmful to the client, but to the hospital as well. To prevent leakage of such information, there is need to use data loss and leakage prevention technologies. This is the easiest way of ensuring that data stored is kept safe and confidential (Baca, 2008). Data Loss prevention is widely known for closely monitoring endpoints, networks and data sources for accidental outflow of susceptible information. Metadata can be integrated in several ways. An organization can, for example, start by evaluating where priorities exist like in terms of the various stakeholders involved through data integration. Additionally, the BI Metadata Repository Manager system can be used to come up w ith a write protect documents that gives access to other links online where one can get a document in a HTML format, based on metadata. Another way in which metadata can be integrated is in corporate metadata that assists in saving time and money while creating metadata. This method increases the quality of information delivered from data warehouse to business users, and leads to better decisions being made based on the information provided (Vitt, Luckevich Misner, 2005).Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Master Data Management Master data management is a situation where data is spread across systems such as lists and hierarchies of customers, suppliers, accounts and organizational units that organize and identify transactional data (Morris Vesset, 2005). An ICT solution selling a product to a customer on a certain date, and at a certain price, for example , is referred as transacted data. Master data is mostly required when there are changes in a business, for instance when bringing in a new product and recording its actual sales, and when reporting and analyzing systems that provides information about the business. The transactional system ensures that every transaction is captured and updated as it occurs. This system is important in that it promotes reliability on the order management system and ensures that all relevant information is truthfully documented. In the reporting or analytic system, master data is derived from the dimensions within which metrics are organized, rather than on the existing facts such as revenue, profits and costs. Master data is important in reporting the performance of a business as they rely on information from multiple systems. In American express, master data can be integrated using Microsoft SQL, which provides a full featured enterprise in the data integration platform. This is essential in the cre ation, organization and management of comprehensive data assets across enterprises that use the Master Data Management system. Master data can also be integrated through data transformation, and in such a way that the system can process and still distribute records to specific systems and applications (Vitt, Luckevich Misner, 2005). References Baca, M. (2008). Introduction to metadata. Los Angeles, CA: Getty Research Institute.Advertising We will write a custom research paper sample on Company Metadata and Master Data Management specifically for you for only $16.05 $11/page Learn More Morris, H. Vesset, D. (2005). Managing Master Data for Business Performance Management:The issues and Hyperion’s Solution. Retrieved from https://www.oracle.com/technetwork/middleware/bi-foundation/idc-whitepaper-managing-master-data-129545.pdf Vitt, E., Luckevich, M. Misner, S. (2005). Microsoft Business Intelligence: Making Better Decisions Faster. OH: Microsoft Pr ess.