OCTOBER 20188oday, HR has a seat at the table, and in order to maintain that business partnership, you need to have an analytics framework." ­ Andy Kaslow, CHRO, CerberusOn the surface of it, the concept for Human Resource & Analytics seems quite different and unconnected. However, on a closer inspection, they have belonged together all along. Here are three broad topics we can expound upon, to help you understand exactly how.UnderstandingThe first question that comes to everyone's mind is something that most people in this field don't have an exact answer to ­ what essentially does HR analytics entail? Odds are that asking two different experts about HR analytics will garner two different responses ­ both of which will be correct in their own ways.HR analytics refer to the integration of analytical processes with the function of the human resource department to augment the existing business processes. It is done by gathering data from multiple sources and extensively analysing it to understand which business measures have been successfully implemented, while also pinpointing the pain areas that need to be worked upon.A significant reason for integrating analytics with data is because analysts can glean a multitude of answers and insights from it, which allow them to predict and direct the company's future operations judiciously. It makes a massive difference when it comes to the functionality of the HR department ­ data analytics can help in gauging individual employee performance, measuring collective productivity, and checking whether the organisation's quotas are being met.RequirementBefore we get into details, let us list out some of the major issues that the HR industry faces:57 percent of organizations view employee retention as a problem.22 percent of new hires leave their jobs within 45 days of being hired.THE DNA OF HR ANALYTICSBy Manas Gulati, Co-Founder & CEO, #ARM WorldwideIN MY OPINION``TBased in Gurgaon, Haryana, #ARM Worldwide specializes in handling various critical aspects of business ­ Digital Marketing, PR, Content Marketing, Technology & Analytics
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