HR Analytics: A Comprehensive Guide
1. Introduction to HR Analytics - Definition: HR Analytics, also known as People Analytics or Workforce Analytics, is the process of collecting, analyzing, and interpreting employee data to improve HR decision-making and optimize workforce performance. It involves leveraging data from various HR processes—such as recruitment, performance management, employee engagement, and turnover—to gain insights that drive better people management and organizational outcomes. - Purpose: The main goal of HR analytics is to make data-driven decisions that enhance talent acquisition, retention, performance, and overall business success. --- 2. Importance of HR Analytics - Informed Decision Making: HR analytics provides leaders with data-backed insights, helping them make strategic decisions regarding workforce planning, recruitment, and employee engagement. - Optimizing Workforce Performance: By analyzing performa...