Principles and Practices of Human Resource Management in Global Contexts

 09.HR TECHNOLOGY AND ANALYTICS


09.01 Introduction of HR Technology


Software utilized for different elements of human resource management is generally referred to as HR technology. Many HR tasks, including personnel acquisition, performance management, time and attendance tracking, payroll and benefits administration, and more, are frequently made simpler by technology. HR tech automates procedures to improve efficiency and reduce waiting times. It's also a simple tool for storing, gathering, and analyzing data (Wholley, M. (2023).

09.02 HR Analytics Vs Talent Analytics


HR analytics explore into HR procedures and how they affect both the company and its workers. Talent analytics, sometimes known as people analytics or workforce analytics, is the study of employee data in particular. HR analytics and talent metrics can be measured and tracked with the help of today's top HR IT solutions. 

09.03 Types of HR Analytics


It's essential to have an overview of HR analytics before moving into the various varieties. HR analytics, to put it simply, is the gathering and analysis of data related to human resources in order to facilitate evidence-based decision-making. Workforce analytics and people analytics are other names for this approach.
Figure 1 :  Types of HR Analytics

Descriptive : examines past data to determine the changes that have occurred in the workforce during a given time frame.

Diagnostic  : analyzes data to determine the reasons for previous occurrences and actions in the HR sector.

Predictive   : makes predictions about future HR events and employee behavior using statistical models and forecasts based on historical and current data.

Prescriptive : analyzes possible outcomes and scenarios to provide suggestions on how to address HR-related events and challenges in the future.

09.04 benefits of HR Analytics


Improved recruitment and talent acquisition
Better employee performance and productivity management
Effective workforce planning
Employee turnover prevention
Identifying inefficiencies
Cost savings
Improving workplace safety
Uncovering trends

Conclusion


The key to efficient planning and decision-making in HR is HR analytics. The insights analytics uncovers offer a more comprehensive understanding of the true state of affairs within the organization.HR analytics has an excellent future and the ability to dramatically alter how businesses handle their staff. Organizations can position themselves for success in a business world that is changing quickly by embracing emerging trends and technology in HR Analytics and carefully addressing the issues and concerns related to their adoption.

References


Wholley, M. (2023) Why Your HR Team Needs HR Tech and Analytics.[Online] Available at: https://blog.clearcompany.com/invest-hr-tech-analytics.[Accessed 13 April 2024]

Boatman, A. (2024) 4 Types of HR Analytics [With Examples], AIHR.[Online] Available at: https://www.aihr.com/blog/types-of-hr-analytics/.[Accessed 13 April 2024]

Suresh, M. (2023) The Future of HR Analytics: Emerging Trends and Technologies to Watch.[Online] Available at: https://www.linkedin.com/pulse/future-hr-analytics-emerging-trends-technologies-watch-suresh-/.[Accessed 13 April 2024]









Comments

  1. Wasantha Bandara BloggerApril 14, 2024 at 9:03 AM

    Good article with nice explanation

    ReplyDelete
  2. Dhanushka PathiranaApril 15, 2024 at 4:32 AM

    his blog post is an informative and insightful overview of how HR technology and analytics are transforming the field of human resource management.

    ReplyDelete

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