HR Analytics: Building a New Era to Redefine HR dimensions

Abstract

Human resource has invariably been a vital quality to a company. To realize competitive advantage, worker ought to be treated as a vital resource and, therefore, by orientating human resource to the core business strategy, organizations can come through success in competitive era. Since ages, Human resource has invariably been thought of at the terribly core of organization success. Time unit analytics play a vital role by orientating time unit strategy with overall business strategy. Time unit analytics is a district within the field of analytics that refers to applying analytical method to human resource department of a company within the hope of rising worker performance and thereby get higher returns on investment. Analytics aids the HR managers to achieve this competitive advantage in order to have an upper hand over competitors. HR analytics is also called as people analytics, which is the application of mathematics, statistics and modeling to worker-related data to see and predict patterns. Such analytics is used to make better decisions about all aspects of HR strategy with a goal of improving business performance. HR analytics is not only about gathering data on employee efficiency. Instead, it provides insights into various processes by gathering data and then using it to improve these processes. This paper attempts to show how HR analytics is transforming human resource dimensions and how it is changing the role of HR managers.