HR Analytics: Fundamentals and Applications

HR Analytics: Concept, Advantages and Obstacles

Author(s): Jatinder Kaur* and Srijan Gupta

Pp: 133-144 (12)

DOI: 10.2174/9789815274196124010011

* (Excluding Mailing and Handling)

Abstract

In the contemporary landscape, the management of employees within organizations has transformed into a collaborative endeavor. The responsibility for managing personnel and evaluating their performance has moved to online platforms, made possible by the integration of HR analytic tools in light of changing company dynamics and technological advancement. The strategic use of HR analytics (HRA) has been shown to be essential for improving employee performance and increasing operational effectiveness. Noteworthy improvements have been witnessed in critical areas such as recruitment quality, talent management, employee productivity, and the reduction of employee turnover.

The focal point of this research centers on an in-depth exploration of HR analytics, encompassing its multifaceted tools and their diverse applications across distinct organizational contexts. The main goal is to identify the numerous advantages of the wise application of HRA. Through the lens of logical tools, organizations gain the acumen to identify and address pertinent issues, including performance disparities, employee attrition, retention challenges, and nuanced employee behaviors, leveraging the troves of data inherent within the organizational framework.

This study has been instigated in response to the prevalent underestimation of HR's potential within numerous organizations. Despite this underestimation, the modern technological milieu has borne an array of analytical tools, which have garnered considerable adoption by major corporate entities. Within the confines of this paper, we delve into the illustrative cases of HR analytics implementation across five diverse organizations. Through empirical analysis, we discern how the strategic incorporation of HR analytics has yielded tangible benefits both for the organizations and their workforce, often resulting in transformative shifts towards a more people-centric business approach.


Keywords: Data metrics, Employee attrition, HR analytics, Organizational enhancement.

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