A Study on HR Analytics
Dr. P.V.RAO, Associate Professor
P.MANOJ KUMAR
Department of MBA, School of Management, Malla Reddy University
What exactly is HR analytics?
HR analytics, often called people, workforce, or talent analytics, is the collection, analysis, and reporting of human resource data. It enables the organization to measure the impact of numerous HR KPIs on overall company success and make data-driven decisions. In other words, HR analytics is a data-driven approach to Human Resources Management.
HR analytics is a relatively recent tool. As a result, it has received little attention in the scientific literature. The most well-known concept of scientific HR analytics is that of Heuvel and Bondarouk. According to them, human resource analytics systematically recognizes and evaluates the human drivers of business success (Heuvel & Bondarouk, 2016). Our People Analytics Certificate Programme goes into much information on this.
Human Resource Management has advanced significantly during the previous century. It evolved. from an operational to a more strategic discipline. The use of the word Strategic Human Resource Management (SHRM) exemplifies this. This innovation is in line with the data-driven approach that characterizes HR analytics.
When using people analytics, you no longer need to depend on intuition. Because of analytics, HR professionals can make decisions based on data. Analytics may also be used to assess the effectiveness of HR policies and initiatives.
By the way, while HR analytics and people analytics are similar, there are some minor differences in how the language is used.
The capacity to use data in decision-making has risen in importance throughout the global pandemic. As we migrate to a post-pandemic society, many developments in the labor market, such as the growing recognition of hybrid work and the growing application of automation. Making the right opinions in this age of change and uncertainty is essential for navigating our new world.
