* 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?
Find the answer from HR Analytics because Human Resource analytics (HR analytics) is about analyzing an organizations’ people problems.
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Definition HRA
Human Resource analytics (HR analytics) is about analyzing an organizations’
people problems.
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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?
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Analytics Decision
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Analytics helps to test the effectiveness of HR policies and different interventions.
Analytics enables HR professionals to make data-driven decisions.
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How can HRA Help
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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
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Data Driven Economy
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The majority of HR departments focus on reporting employee data. This doesn’t be sufficient in
today’s data-driven economy.
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Data Driven Economy
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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 ?
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13. FRHRA Shape the Business
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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
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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: