HR analytics is the collection and application of talent data to improve critical talent and business outcomes. HR analytics leaders enable HR leaders to develop data-driven insights to inform talent decisions, improve workforce processes and promote positive employee experience.
HR analytics, also known as people analytics or workforce analytics, is the process of analyzing and interpreting data related to an organization's workforce to gain insights and inform decision-making in areas such as recruitment, employee retention, performance management, and overall workforce planning.
HR analytics involves collecting and analyzing a wide range of data, such as employee demographics, performance metrics, compensation data, turnover rates, and other HR-related information. The data is then used to identify trends, patterns, and correlations that can be used to make informed decisions about how to improve the organization's workforce and achieve business goals.
HR analytics can be used to address a wide range of HR-related challenges, such as identifying the most effective recruitment channels, improving employee engagement and retention, identifying skill gaps and training needs, and developing more effective performance management programs.
Some common applications of HR analytics include: