In today’s rapidly changing and advanced world, finding talents that fulfill organizations’ needs is much more intricate. Even, competition for top talent will be among companies’ top challenges this year. Most companies make use of big data analytics to get an edge over their competition. As data are being leveraged to comprehend every part of a business operation, analytics tools are being inserted into day-to-day decision making. However, the use of data analytics is now practicing as people analytics in the HR section.
People analytics typically is the analysis of a business’s personnel data in order to get meaningful insights. With these insights, companies can know how to use their personnel to accomplish more as a company. In HR, people analytics experiencing a seismic shift.
Driven by the prevalent adoption of cloud HR systems, businesses are investing heavily in programs to utilize data for all aspects of workforce planning, talent management, and operational improvement.
As per the Society for Human Resource Management (SHRM), HR professionals believe the most critical competency for showing business acumen in the coming years will be understanding HR and organizational metrics and analytics.
by Vivek Kumar