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Posted By Admin @ Mar 01, 2022

Tittle: Assignment on Approach of HRM Decision Making in Chevron Corporation

Type: Assignment

Subject: HRM

Harvard

By ABC

Dated

The Approach of HRM Decision Making in Chevron Corporation

Introduction of Approach of HRM Decision Making in Chevron Corporation

Chevron Corporation is an international energy corporation located in California, US. The company has been famous as one of the biggest oil companies in whole over the world. Its mainstream business operations around manufacture and trade its products such as fuels, oils, petrochemicals, and additives (chevron.com, n.d.). In the context of the HRM roles in the company, Chevron has established an integrated Human Resource Analytics team that supported the decision making processes in the company in analyzes the contexts of employees, human capital, and talent. The result of these analyses deliver for the purpose of enhancing decision making, accomplishing strategic goals, and also maintaining a competitive advantage.

HRM roles in Chevron Corporation

 Right from it was established as an approach made by HRM, the HR analytics team in Chevron has created a clear vision to “support Chevron’s business strategies with better, faster workforce decisions informed data.” (Rahman, 2008) The previous head of Chevron’s talent analytics R. J. Milnor has stated that this approach of HRM is actually around informing and assisting the business strategy throughout the people's data. In simple words, the HR Analytics team in Chevron properly understand about the essential role played by people data in the realization of the business strategy. The reason is due to the HRM assumes that people are, indeed, a valuable resources for any type of companies, and thus, the making decision processes which based on data-driven and evidence will able to provide Chevron with a great opportunity to motivate, attract, and preserve qualified people who have the skills, abilities, and knowledge to benefit the company.

How the HR Analytics Team Works in Chevron

 When it comes to making the main and fundamental decisions such as rearranging or restructuring, the HR Analytics team in Chevron has always consulted with other departments and units in the company, as well as the leadership of Chevron. Regarding the planning of workforce, this team has constructed some models to anticipate the future talent’s supply and demand for 10 years ahead. These models recognized the main drivers for both supply and demand of talent for various geographic locations and delivered appraisals of the future attrition at 85% accurateness. The HRM has proposed that at the times the company needs to make any decisions about how to preserve the people who would able to support the company in achieving its strategic goals, then it is extremely fundamental to understand the main drivers of attrition. Within only a few years, this HR Analytics team at Chevron was able to transform the approach of HRM to the company (deloitte.wsj.com, 2017).

Conclusion of Approach of HRM Decision Making in Chevron Corporation

The Chevron Corporation has succeeded to realize the HRM approach in the decision-making processes of the company by establishing the HR Analytics team which informing and assisting the business strategy throughout the people data. The motive of this step is due to the HR Analytics team in Chevron properly understand about the essential role played by people data in the realization of the business strategy. In fact, the HRM in the company has realized that people or the employees are the most valuable resources for any type of companies, and in consequence, the making decision processes which based on data-driven and evidence will able to provide Chevron with a great opportunity in motivating, attracting, and maintaining those qualified people who have the skills, abilities, and knowledge to benefit the company. Along with the success from this approach, the HRM at Chevron has proposed that making any decisions to preserve the people would definitely able to support the company in achieving its strategic goals.