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The document discusses HR analytics and how it has evolved from simple record keeping to using data analysis and decision support systems to gain strategic insights. It defines HR analytics as the systematic analysis of employee data and statistics to inform strategic decision making. Areas where analytics can be used include studying attrition trends, recruitment forecasting, and analyzing the costs and benefits of HR initiatives. Big data analytics involves examining large and varied datasets to uncover hidden patterns that can help HR.
The document discusses HR analytics and how it has evolved from simple record keeping to using data analysis and decision support systems to gain strategic insights. It defines HR analytics as the systematic analysis of employee data and statistics to inform strategic decision making. Areas where analytics can be used include studying attrition trends, recruitment forecasting, and analyzing the costs and benefits of HR initiatives. Big data analytics involves examining large and varied datasets to uncover hidden patterns that can help HR.
The document discusses HR analytics and how it has evolved from simple record keeping to using data analysis and decision support systems to gain strategic insights. It defines HR analytics as the systematic analysis of employee data and statistics to inform strategic decision making. Areas where analytics can be used include studying attrition trends, recruitment forecasting, and analyzing the costs and benefits of HR initiatives. Big data analytics involves examining large and varied datasets to uncover hidden patterns that can help HR.
–HR Analytics Compiled and presented by K. J. PAUL
INDIAN INSTITUTE OF BANKING & FINANCE
HR Analytics
WHO- Human Resources
WHAT – Analytics/ information resulting from the systematic analysis of data or statistics. HOW-Statistical Methods using tools / Decision Support Systems/ Building Dashboards HOW-Using big data from Employee Master / HRMS WHY- For strategic decision making WHEN-As and when required WHERE- In areas where HR is strategic partner
INDIAN INSTITUTE OF BANKING & FINANCE
HR Analytics Also known as WORKFORCE ANALYTICS Also known as TALENT ANALYTICS
HR has moved a long way from record keeping to data
analysis to using high speed computing and decision support systems to gain insights for strategic decision making process, understanding trends, patterns and progress in Human Resource/ Capital Management and also to compare and contrast with the trends, patterns and progress with business/ productivity/ profitability etc.
INDIAN INSTITUTE OF BANKING & FINANCE
HR Analytics- Other Unique Uses Study aging of pendency in recruitment StudyAttrition – age-wise, gender-wise, role-wise, grade-wise, vintage-wise, geography-wise and do this historically as well. Helps in recruitment forecasting Study of Cost v/s Benefit of an HR initiative/ action INDIAN INSTITUTE OF BANKING & FINANCE Q. What is Big Data Analytics?
BDA is the process of examining
large and varied data sets to uncover hidden and not so apparent patterns.