HR analytics How is it changing the world of human resources

1. HR analytics – How is it changing the world of human resources? HR analytics is also known as talent analytics. It is the process of applying the nuances of data mining and techniques of business analytics to human resource data.

2. Unlike the yesteryears, when decision-making related to human resources was based on intuition and instinct, with the advent of HR analytics, HR professionals can use algorithms and data so that they can find better business solutions. Are HR analytics and people analytics the same? Sometimes, both the terms are used interchangeably but there is a difference between the two metrics. While HR analytics deals with functions related to a human resource like hiring, training, the expense incurred on one employee, till the time of production, people analytics are used as a synonym used but is applied to “people” generally. In people analytics, it can be applied to any group of people or individuals that are not associated with the organization as well. HR role in business – How to do HR analytics drive business value Data-driven methods help human resource professionals in hiring and managing talent across various organizations of all sizes. Metrics in this regard also help in recruitment, retention, and in deciding the compensation of the employees. As such, the human resource department has valuable data of employees that can be made use of for bringing about positive changes in the organization. The data that is available on the mindset of consumers can be used for the development of strategies so that sales are maximized. This is usually done by capitalizing on those very factors. Similarly, the data that is available related to the HR functions about the improvement of the employees can be used for the betterment of the employees, thereby maximizing the business output. You can read the full content: https://businessupside.com/2021/09/0 3/hr-analytics-how-is-it-changing-the- world-of-human-resources/ -------------------------- Business Upside

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