HR ANALYTICS
HR Analytics
HR Analytics refers to the use of data to manage and improve HR functions. The common data measured with these analytics include costs incurred on training, the number of employees who engaged and participated in the training programs, and feedback provided by the participants.
HR Analytics benefits
- Improved employee trust and work engagement
- Enhanced workforce productivity
- Reduced talent turnover and increased retention
- Optimized and enhanced recruitment process
- Better workforce planning
- Refined talent sourcing processes and strategies
HR Analytics Processes
- Descriptive Analytics: It focuses on past data but does not discuss future trends
- Diagnostic Analytics: It explains the correlation in the data trends.
- Predictive Analytics: It emphasizes future outcomes.
- Prescriptive Analytics: It tells the management what to do next.