Human Resource Analytics

Presented By:- Sumeet Pareek

Malviya National Institute of Technology,Department of Management Studies

Outline• Data Analytics and Business Analytics

• What is HR Analytics ?

• Evolution of HR Analytics

• Process of HR Analytics

• How does it help HR manager ?

• Software available for HR Analytics

• Conclusion

Data Analytics and Business Analytics

• Data Analytics: Science of converting raw data into a valuable information.

• Data is a set of attributes associated with qualitative or quantitative values

• Information is the inference that can be obtained from the data.

Data Analytics and Business Analytics

• Business Analytics: Process of data-driven decision making.

• Analyzing past trend and patterns.

• Making decision for future.

• Why did it happen?

• Will it happen again?

• What will happen if we change ’x’?

• What else does the data tell us that never thought to ask?

What is HR Analytics

• Application of data analytics and business analytics.

• Also referred as talent analytics.

• Useful in effectively managing the employees

Evolution of HR Analytics

Process of HR Analytics Identify past

trends Find outliers

Performance vs. Compensation

analysis People’s data

Analyze similar organizations

How does it Help ?

• HR manager can optimize the ROI on its human capital.

• Helps in building talent based strategies.

• Factors that can increase employee satisfaction and productivity.

• Manages applicants in better way on the basis of qualification.

• Helps in identifying high valued employees.

Software available for HR Analytics

• IBM: IBM HR Analytics

• VISIER: Workforce intelligence system

• SAP: Human Capital Analytics Software

Conclusion

• HR analytics has a vast scope in future. It helps HR manager in understanding past pattern in an organization and better decision making. HR managers nowadays are able to make decisions not just related to workforce but also core business decisions as well.

Any Questions ?