Human resources analytics (HR analytics) is an interesting field of study for
those who love to play with numbers. Playing with numbers seems fun, but the
quantified data helps organizations in many ways. Do you want to go a long way in
your business? Then, yes! HR analytics is for you. HR analytics deals with interpreting
data by applying statistical tools in order to get meaningful information so that
predictive analysis for the growth of an organization can be done. The modern concept
of HR is more data-driven, and HR analytics provide an opportunity for organizations
to follow data-driven approach in order to manage people. HR analytics can be applied
to numerous functions of HR, but this chapter will specifically cover the concept of HR
analytics by emphasizing more on talent management analytics and its aspects. Are you
looking for the best talent in the market? Do you want to get qualitative people in
minimum costs and time? Then, this chapter will help you by elaborating on numerous
recruitment metrics and suggesting how talent management analytics can help in
managing people and enhancing an organization’s profitability. Moreover, this chapter
also provides theoretical and practical insights to the readers to enhance their
understanding with the help of numerical interpretations.
Keywords: Application, Candidate, Cost, Data, Decision, Employees, Hiring, HR analytics, Human, Human resources, Management, Metrics, People, Process, Quality, Recruitment, Strategies, Talent, Talent management, Technology.
