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Role of analytics in workforce management, HR News, ETHRWorld


hr.economictimes.indiatimes.com | www.ETHRWorld.com

<p>Rajesh Murthy, Founder Architect and Vice President – Engineering, Intellicus Technologies</p>
Rajesh Murthy, Founder Architect and Vice President – Engineering, Intellicus Technologies

By Rajesh Murthy

Data analytics has become popular in various business operations. When it comes to human resource management, HR analytics plays a vital role. The demand for hiring talent within companies is driving the adoption of HR analytics to plan and recruit better.

HR Analytics is the methodology of creating insights on how investments made in the human assets of an organization contribute to the success of generating revenues, minimizing expenses, mitigating risks, and executing strategic plans. Companies are using HR analytics to analyze data from various sources like resumes, job descriptions, ATS (Applicant Tracking System), and HRMS. The data can then be used to identify different trends like recruitment, candidate performance, engagement, and more.

Ways in Which HR Analytics Helps in Workforce Management

Better Decision Making: HR analytics provides access to deep insights related to employees that can be put to work for taking better leadership decisions. This not only improves HR’s performance but also motivates employees to work efficiently, thereby increasing the workforces’ productivity.

Improved Hiring: Finding the right match for a particular job profile with the required skills set is difficult in times of tough competition like today. Thus, machine learning can be used to create models on data from jobseekers….


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