HR Analytics Need and Importance – A Theoretical Perspective

Varma Chandrakant, Chavan Dr. Chandrahauns, March 2020, HR Analytics Need and Importance – A Theoretical Perspective. Studies in Indian Place Names Vol-40-Issue-95-March-2020, Pg 12-18

7 Pages Posted: 17 Mar 2021

See all articles by Chandrakant Varma

Chandrakant Varma

TIMSR, University of Mumbai; Jamnalal Bajaj Institute of Management Studies

Chandrahauns R Chavan

Jamnalal Bajaj Institute of Management Studies

Date Written: March 2020

Abstract

The industry settings have changed the entire deliberate structure and operation of the organization. The current advancement in the global business environment in order to be effective has been causal to the functioning of the Human Resource roles and responsibilities. There is a enormous strain on today's organizations due to global business set-up, technical change, rivalry, as well as development and changes in employees priority, capability, and other requirements. Anticipating to the changes HR has to develop by evolving to the technological advancements and planning its moves accordingly. HR Analytics is one such advancement which organization and its HR needs to understand and implement so as to be competitive.HR Analytics helps in determine performance of diverse functions and expand insights of employee effectiveness and efficiency. This help in better decision making and creating competitive advantage for the organization. HR Analytics has come forward as an vital tool which helps recognize factors which has profound intercession and helps construct understanding of employee actions and create a continued and high performance environment. Understanding the significance of Human Resource Management in adding value to organizational capability by means of HR Analytics, it is imperative to understand to what extent HR Analytics is to be implemented and how it can contribute to the organizational accomplishment. The study tries to observe how HR Analytics assist the enhancement of staff performance in an organization thus affecting the organizational performance. This paper also investigates the importance of HR analytics practices and applicability in the organization. The aim of the research paper is to explore and understand the importance of HR Analytics and its application in different functions of HRM.

Keywords: HR Analytics, Organizational Performance, Human Resource Management, Information Technology, HR Analytics Maturity Mode

Suggested Citation

Varma, Chandrakant and Chavan, Chandrahauns R, HR Analytics Need and Importance – A Theoretical Perspective (March 2020). Varma Chandrakant, Chavan Dr. Chandrahauns, March 2020, HR Analytics Need and Importance – A Theoretical Perspective. Studies in Indian Place Names Vol-40-Issue-95-March-2020, Pg 12-18 , Available at SSRN: https://ssrn.com/abstract=3775951

Chandrakant Varma (Contact Author)

TIMSR, University of Mumbai ( email )

Mumbai
Maharashtra
Mumbai, 400 019
India

Jamnalal Bajaj Institute of Management Studies ( email )

India

Chandrahauns R Chavan

Jamnalal Bajaj Institute of Management Studies

No. 164, H. T Parekh Marg
Maharashtra, 400020
India

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