Explain the four critical components of the LAMP model.
What will be an ideal response?
The letters in LAMP stand for logic, analytics, measures, and process, the four critical components of a measurement system that drives strategic change and organizational effectiveness. Without a compelling logic, it is just not clear where to look for insights into what the numbers mean. Conversely, with well-grounded logic, it is easier to help leaders outside of HR to understand and use the measurement systems to enhance the talent-related decisions they make. Analytics transforms HR logic and measures into rigorous, relevant insights. While statistics and research design are analytical strategies for drawing correct conclusions from data, measures comprise the numbers that populate the statistical formulas. Process is the final element of the LAMP framework. The measures part of the LAMP model has received enormous attention in HR. Scorecards, summits, dashboards, data mines, data warehouses, and audits abound. Indeed, the array of HR measurement technologies is daunting. Consider the measurement of employee turnover. There is much debate about the appropriate formulas to use in estimating turnover and its costs, or the precision and frequency with which employee turnover should be calculated. Today's turnover-reporting systems can calculate turnover rates for virtually any employee group and business unit.
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