This data is useful in workforce management. Workforce analytics does not necessarily focus on the person, rather on work processes, even automated ones. HR analytics focuses on HR processes, such as hiring and recruitment. In that case, people analytics refers to people data that extends beyond the business, such as employee well-being. In some instances, mature organizations may split analytics across these categories. There is not a right or wrong phrase, as they all intend to produce insights from work. Some organizations refer to it as people analytics, workforce analytics or HR analytics. There are several terms used interchangeably with HR analytics. Finally, HR analytics can provide statistics to be used as a benchmark against companies of similar size or industry. HR analytics are also used to assess HR processes in order to streamline HR service delivery and lower operational costs. A business can use this data to implement improvements that ultimately increase productivity and employee longevity. HR analytics helps management monitor employee performance and engagement.
How does HR analytics drive business value? HR data can also identify employee engagement opportunities. Monitoring and analyzing HR data can help your company find, hire and retain the high performing employees who are good fit with your company culture. The demand for data-driven insights for all aspects of business operations is increasing - including in HR. You can use the resulting insights to influence process improvement decisions. Human resources (HR) analytics is the study of a company’s HR processes using hiring, recruiting, salary and other HR data. Find templates, examples, and tips to help you get started. Discover the leading HR analytics to improve performance and productivity. We share why it is critical to analyze human resource data to improve HR processes and make better decisions on attracting and retaining top talent. Middle East, Nordics and Other Regions (opens in new tab).United States/Canada (opens in new tab).Advertising & Digital Marketing Agencies.Advertising and Digital Marketing Agencies.