HR Analytics: Fundamentals and Applications

Unleashing the Power of HR Analytics: Enhancing People Management Strategies

Author(s): Parulkumari Bhati *

Pp: 72-99 (28)

DOI: 10.2174/9789815274196124010008

* (Excluding Mailing and Handling)

Abstract

HR analytics can enable organizations to make data-driven decisions that improve workforce productivity, engagement, and retention. This chapter provides an overview of the key HR analytics concepts and methods, including data collection and analysis, data visualization, and predictive modeling. It also focuses on the challenges and opportunities associated with implementing HR analytics in organizations, such as data privacy and security concerns and the need for skilled data analysts. Overall, the article makes a case for HR analytics as a critical tool for driving organizational success in the modern workplace. The use of HR analytics has become increasingly important in enhancing people management strategies. This chapter also explores the potential of HR analytics to transform the way organizations manage their workforce, from recruitment to retention. By leveraging data and analytics, HR experts can gain an understanding of their workforce, identify areas for improvement, and make datadriven decisions. This chapter discusses the benefits of HR analytics, including improved talent acquisition, enhanced employee engagement and retention, and increased productivity. It also examines some of the challenges organizations may face when implementing HR analytics, such as data privacy concerns and the need for specialized skills. Overall, this chapter demonstrates how HR analytics can be a powerful device for establishments looking to augment their people management policies. 


Keywords: Data-driven decision-making, Employee engagement, HR analytics, Performance management, People management, Organizational effectiveness, Retention, Talent acquisition, Workforce planning.

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