In our previous blog," 4 HR Analytics Metrics That The Top Management Wants You To Measure", we took a look at some of the areas where companies use HR Analytics, including some HR Metrics.
HR Analytics is all about people, hence its preferred use by HR professionals in people management is not a surprise. For decades, the HR department has used analytics to keep the hiring process smooth, manage their employees and help organizations make better business decisions, keeping the welfare of their employees in mind.
In this blog, we will explore HR analytics applications in people management and predictive analysis.
The most valuable assets of your organization are undoubtedly its employees. Deloitte reported in 2017 that 71% of companies consider people analytics a high priority for their organization and 31% rated it as “very important.”.
Here are some applications of analytics in people management that makes companies high-performing:
“The image above shows HR Analytics predicting attrition by using age, the average monthly income and distance from the home of employees as different bases for evaluation and analysis.”
HR Analytics has revolutionized and empowered the Human Resources department and made taking business decisions easy. It is a crucial part of any organization and enables better data-driven decision making.
It is still awakening to its full potential, facing challenges and making it available for every small and big company globally. The future of HR Analytics seems promising and, today companies are realizing its endless benefits.