Abstract
The incorporation of Human Resource (HR) analytics by modern day organizations is turning out to be a progressive manoeuvre for gathering, deciphering and estimating organizational data relating to HR.HR analytics takes a holistic approach which enables not only collection, interpretation and measurement of data by using various statistical methods but also involves data forecasting. HR analytics acts as a tool for edifying well approximated solutions to complex organizational problems.HR analytics helps a company to achieve its competitive edge by formulating a productive and dynamic HR strategy in perfect synchronization with the overall business strategy of the company thereby helping it to take explicit and meticulous decisions.HR analytics has through its Business Intelligence, set of theories, methodologies, architecture, transcription of raw data into meaningful data has ushered an evolution for HR Professionals across all levels and made analytical literacy the need of the hour for achieving the corporate goals of the organization as well as improve the overall organizational performance optimally. This paper aims to find out the benefits firms would experience as an outcome of implementing and using HR analytics in contrast to using traditional HRIS for maintaining transparency in workforce information, data driven decision making and empowering Learning and development within the organization
Recommended Citation
Majumder, Piya; Mukherjee, Sayani; and Kundu, Prasenjit
(2024)
"A Roadmap Towards Predictive HR Analytics,"
American Journal of Business and Management Research (AJBMR): Vol. 2:
Iss.
1, Article 4.
Available at:
https://research.smartsociety.org/ajbmr/vol2/iss1/4