workforce sciences in a sentence
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- Workforce Sciences is still in its formative stage as a management discipline.
- Workforce sciences is a highly interdisciplinary field.
- Workforce sciences has its own theory, discipline and methods for identifying and measuring the human capital drivers of business performance.
- As organizations increasingly recognize the singular importance of talent as the source of competitive advantage, the advance of Workforce Sciences is only likely to accelerate.
- Moreover, advances in technology that make these data and powerful statistical modeling tools readily accessible are contributing to speedy advance of Workforce Sciences as a core management discipline.
- Finally, workforce sciences helps organizations identify critical metrics to track the quality and effectiveness of human capital management, providing dashboards and scorecards to help leaders monitor progress and hold them accountable for results.
- More recently the surging interest in behavioral economics, with its integration of Economics, Psychology and ( increasingly ) Neuroscience, has produced a new body of theoretical and empirical work that adds whole new insights and approaches that feed Workforce Sciences.
- But it was the development in the late 1970s, 1980s and 1990s of what is called, the New Economics of Personnel [ See Lazear, Personnel Economics, 1995 ] that provided the core theoretical models in economics on which Workforce Sciences has drawn.
- Their Workforce Sciences Institute is the culmination of twenty years of research and practice in the development and practical application of quantitative methods such as Internal Labor Market Analysis and Business Impact Modeling to measure the economic impact of workforce practices in organizations and strengthen the effectiveness of human capital management.
- Workforce sciences spans the analysis of various workforce dynamics in organizations-the flow of talent into, through and out of organizations over time-and the effects of specific workforce practices and policies companies employ to influence those dynamics, including sourcing and selection, recruitment, on-boarding and training, career development, leadership development, supervision, performance measurement and management, total rewards, productivity improvement initiatives, among others.
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