HR analytics is a data-driven process to make decisions about all HR functions and employee performance. It's collecting data on different metrics to make efficient future decisions. However, it depends on the collected data's quality to deliver better analytical insights.
Example of human resource analytics:
HR analytics helps human resource managers take steps for betterment in various aspects based on the data collected mainly by the HR software and not just based on assumptions. The analytics provides insights into the return on investments made on different HR factors. As a result, it strengthens an organization's decision-making, resulting in better outcomes.
Some of the common factors on which the information is collected are:
Organizations willing to make overall development and improve company culture need HR analytics. Without accurate information, the leaders are not able to take corrective steps for the betterment of different areas and thus, HR analytics are a requirement.
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