HR Analytics

Also referred as “people analytics” or “workforce science” or “workforce analytics”. It is a maths- statistics based scientific approach to HR management. It is a combination of understanding patterns based on algorithm, subject matter expertise, intuition etc in making effective decision across the life cycle of employees.

HR Analytics includes the plain vanilla reports, metrics, dashboards, scorecards at the one end of the diagnostic- descriptive analytics spectrum and complex algorithm in the predictive-prescriptive spectrum. 

It can be further classified into :

1.      Effectiveness metrics

2.      Efficiency metrics

3.      Productivity metrics

4.      Utilization metrics

5.      Business impact vis-à-vis cost metrics

6.      Many more