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Human Resources Analytics: Leveraging Human Resources for Enhancing Business Performance.

Authors :
Madhani, Pankaj M.
Source :
Compensation & Benefits Review; Jan2023, Vol. 55 Issue 1, p31-45, 15p
Publication Year :
2023

Abstract

Human resources (HR) analytics enables managers to replace decision-making based on anecdotal experience, hierarchy, and risk avoidance with higher-quality data-driven decisions based on data analysis, prediction, and experimental research. Human Resources analytics underscores the value of HR data by emphasizing how people create value for the organization, so that value can be captured and leveraged. The research discusses transition of HR analytics with a linear three-stage maturity model and explains progression from traditional HR analytics to new age HR analytics. Research provides various key requirements for successful deployment of HR analytics in the organizations. Human Resources analytics focus on various HRM activities including selection, appraisal, compensation, rewards, and development to maximize their impact on organizational performance. Research also provides various illustrations of HR analytics deployment across various industries. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
08863687
Volume :
55
Issue :
1
Database :
Complementary Index
Journal :
Compensation & Benefits Review
Publication Type :
Academic Journal
Accession number :
160848079
Full Text :
https://doi.org/10.1177/08863687221131730