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In: Business and Management

Submitted By leaneharding2004
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Activity 1

This report will explain what Data Management is and why HR departments need to collect data, what types of data needs to be collected, what this data is used for, as well as how they are stored.

One of the HR function’s main priorities are to track existing employee data. HR should focus on both business results and human capital improvement. In order for a company to potentially drive workflow, report accurately on the staff and sometimes even demonstrate the value of a team’s existence, HR has to have a good understanding of the data requirements, but also have a good system to capture and track this data. It is also important to understand how this data can support the business objectives.

HR personnel need to ensure they’re capturing relevant and correct information and using the output as effectively as possible. Companies would collect data to

* Ensure they comply with employment legislation * Use it as a tool to manage and meet business objectives

A company will monitor a number of elements such as, but not limited to :

* Equal pay * Absence management

Why would a company need to store data such as

Minimum wage

A company would to need store information about salary and in particular minimum wage to ensure they can report to Her Majesty’s Revenue & Customs (HMRC) that they are compliant with the legislation surrounding minimum wage. HMRC can request information at any time on how many people are employed, what their wages are and how they are paid, what they have been paid over a number of years and how many hours they have worked. The working time regulations and national minimum wage act each require specific records relating to hours of work and pay details. This data can also be used to monitor equality in terms of remuneration.

Or

Absence management

Monitoring and recording...

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