HR Analytics
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Human Resource Analytics (HR Analytics) is a data-driven approach that analyzes an organization's people-related challenges, such as employee turnover and retention. By utilizing analytics, HR professionals can make informed decisions, test policy effectiveness, and align HR strategies with business goals, thereby enhancing their strategic role. This methodology not only quantifies the impact of HR practices but also transitions HR from a supportive function to a critical business partner.
HR Analytics
- 1. BI-HR HR Analytics Data-Driven Approach Presented by, Khandakar Shojibul Alam HR IS Profession al
- 2. What is HR Analytics ? Add a footer 2
- 3. FR Definition HRA Human Resource analytics (HR analytics) is about analyzing an organizations’ people problems. 3 For Example : • How high is your annual employee turnover? • How much of your employee turnover consists of regretted loss? • Do you know which employees will be the most likely to leave your company within a year?
- 5. FR Definition HRA… 5 It is a data-driven approach towards HR.
- 6. FR Analytics Decision 6 Analytics helps to test the effectiveness of HR policies and different interventions. Analytics enables HR professionals to make data-driven decisions.
- 7. How HR Analytics Helps in HRM? Add a footer 7
- 8. FR How can HRA Help 8 Is helps to enables : Like marketing analytics has changed the field of marketing, HR analytics is changing HR → Make Better Decisions Using Data → Create a Business Case for HR Interventions → Test the Effectiveness of these interventions → Move from an operation partner to a tactical or event strategical partner
- 9. FR Data Driven Economy 9 The majority of HR departments focus on reporting employee data. This doesn’t be sufficient in today’s data-driven economy.
- 10. FR Data Driven Economy 10 Just keeping records is often insufficient to add strategic value. Doing this enables HR to become more involved in decision-making on a strategic level. In the words of Carly Fiorina: “The goal is to turn data into information and information into insight”. This also applies to HR.
- 12. How does HR Analytics shape the business ? Add a footer 12
- 13. FRHRA Shape the Business 13 Analytics enables companies to measure the business impact of people policies. By applying complex statistical analyses, HR can predict the future of the workforce. This enables managers to measure the financial impact of Human Resource practices. To read more about the tools used for these analyses, check our overview on the top HR analytics tools. Knowing the impact of HR policies will also help HR to become a strategic partner and get rid of its ‘soft’ image. It helps HR to align its strategy with business goals and to quantify the value it adds to the business. It takes the guess-work out of HR.
- 14. FRHRA Shape the Business 14 So, how do we at Analytics in HR define HR analytics? We think it is about identifying the people-related drivers of business performance. It takes the guesswork out of employee management and is, therefore, the future of HR. Or, to put it in the words of Edwards Deming:
- 15. BI-HR Thank You. Khandakar Shojibul Alam +88 01754 002362 Shojib2603.cs@gmail.com