Prof Ritu Saxena has done an Executive Program in Human Resource Analytics
HR Analytics is about creating insights on how investments in human capital assets contribute to generating revenue, minimizing expenses, mitigating risks, and executing strategic plans
HR analytics, also referred to as people analytics, workforce analytics, or talent analytics, involves gathering together, analyzing, and reporting HR data. It enables your organization to measure the impact of a range of HR metrics on overall business performance and make decisions based on data.
Here are some common metrics tracked by HR analytics
- Revenue per employee
- Offer acceptance rate
- Training expenses per employee
- Training efficiency
- Voluntary turnover rate
- Involuntary turnover rate
- Time to fill
- Time to hire
- Absenteeism
- Human capital risk
- Engagement Rate
- Satisfaction Rate
HR Analytics helps an organization
- To be able to take strategic decision using predictive analytics in HR
- To improve organizational performance through high quality talent related decisions
- To expose HR fraternity to critical HR issues associated with business
- Discuss various real world scenarios where analytics has been utilized to solve complex HR problems
- To discuss the important key issues in building effective HR analytics solutions
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