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HR Analytics PDF

HR analytics uses data to provide insights into effectively managing employees to help organizations reach business goals. Major vendors like Oracle, IBM, and SAP compete to offer the best HR analytics software. HR analytics can help prioritize qualified job applicants, forecast workforce needs, link employee performance to strategic goals, identify factors influencing satisfaction and productivity, and discover reasons for attrition.

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Dr-Shefali Garg
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1K views8 pages

HR Analytics PDF

HR analytics uses data to provide insights into effectively managing employees to help organizations reach business goals. Major vendors like Oracle, IBM, and SAP compete to offer the best HR analytics software. HR analytics can help prioritize qualified job applicants, forecast workforce needs, link employee performance to strategic goals, identify factors influencing satisfaction and productivity, and discover reasons for attrition.

Uploaded by

Dr-Shefali Garg
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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HR ANALYTICS
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HR ANALYTICS

 The goal of human resources


analytics is to provide an
organization with insights for
effectively managing
employees so that business
goals can be reached quickly
and efficiently.

 Huge vendors such as Oracle,


IBM and SAP compete with
many smaller vendors to
deliver the best HR analytics
software as a service in the
market.
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HR ANALYTICS SOLUTIONS CAN
HELP TO
 Prioritize and target applicants who are
most qualified for a specific position.

 Forecast workforce requirements and


determine how to best fill open
positions.

 Link workforce utilization to strategic


and financial goals for improved
business performance.

 Identify the factors that lead to greater


employee satisfaction and productivity.

 Discover the underlying reasons for


employee attrition and identify high-
value employees at risk of leaving.

 Establish effective training and career


development initiatives.
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ADVANTAGE OF USING HR
ANALYTICS
 IMPROVED HIRING DECISION

HR analytics helps HR to make the better choice based on


historical data.

It also allows the recruiter to learn more about candidates through


online resume database, applications, social media profiles,
records etc.

 GOOD TRAINING

Gaps in the process of training can lead to many big problems and
can increase the cost to the company.

HR analytics provide the full swing to the training program. It helps


the organization identify if employees are making the full use of
the opportunities.
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ADVANTAGE OF USING HR
ANALYTICS
 BETTER INSIGHTS

HR analytics helps the company look at the employee's professional life by


tracking and analyzing the performance related data.

This data not only provides more insights about the employees but also shape
the strategies to boost the employee morale, retention, and engagement.

 STABLE RETENTION

HR analytics is on the top of the stack and has created the assured advantages
of its users. It tells the company the reason why the employees leave and why
they stay.

HR analytics could also be helpful in finding the skill gaps and areas where
employees are struggling.

HR can use various tools like employee satisfaction surveys, team assessments,
exit and stay interviews to find out the reason of employee attrition and chart
out the strategies to retain them.
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TYPES OF ANALYTICS BEING
USED
TALENT ANALYTICS
 Is more qualitative and is
basically for processes from
talent management like
personal development,
recruitment, succession
planning, retention etc.

 It can help organizations to


analyze turnover, identify top
performers, identify the gaps
and develop the proper
training for them.

 It can also find out reasons for


attrition and provide options to
take strategic decision for
retention as well.
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WORKFORCE ANALYTICS

 It helps leaders to develop


recruiting methods and
specific hiring
decisions, optimizing
organization structure, identify
quantify factors for job
satisfaction.

 It also helps the organization


to identify, motivate and
prepare its future leaders.

 Align and motivate workforce


and continuously improve the
way of work.
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PREDICTIVE ANALYTICS

 Data is generally presented in


graphic, statistical reports,
dashboards that is easy to take
more strategic decisions based
on the facts.

 It helps them in determining


critical situations like
tacking pay gaps, set of workers
who are always at risk of
resigning, understanding the
psychographics (personality,
interest, work styles etc.) of
employees.

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