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People Analytics: Meaning & Importance of People Analytics | HRMantra
People Analytics: Meaning & Importance of People Analytics | HRMantra
Kajal Sharma | 1-2 minutes | 29/07/2021
People Analytics, emerging as a term synonymously replaced with HR Analytics, Talent Analytics, or Workforce Analytics, is the deeply data-driven and goal-focused method through which HR data can be gathered, analyzed, and reported. With this strategic approach, an organization can determine the impact of human resources metrics on overall business performance. It helps to make informed decisions based on the trends obtained from data.
People Analytics is the systematic identification and quantification of people drivers of business outcomes. — Heuvel and Bondarouk
People analytics involves applying statistical and technological expertise to large sets of data to understand employees, attract better applicants, hire smartly, improve performance and experience, and finally, enhance retention. The best people and HR analytics products are state-of-the-art applications of sophisticated data science and machine learning to help organizations manage their people and processes more effectively.
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