Conceptualizing HR Analytics Practices for Healthier Organizational Performance – A Framework Based Analysis

Abstract

In today’s multifaceted business environment, HR analytics field is growing in acceptance and prominence. It is playing a significant role as a decision-making resource for managers managing large companies. Moreover, in the present scenario of knowledge economy, an organization’s employees’ are its most significant asset in addition to its great investments. There is a huge challenge in front of almost all the organizations’ to manage the employees’ knowledge, skill and experience in the competitive world as today, organizations always thrive to expand its performance whilst managing costs effectively. Having said this, many organizations are struggling hard to understand how effectively their human capital is managed in terms of analytical insights related to various kinds of investments made in various forms to enhance human capital performance in their organization. Non-existence of clear metrics and insight into various forms of data on human capital, organizations’ are not able to formulate the required right kind of strategies to gain access in to business intelligence pertaining to their human capital working in the organization which in turn will lead to better business performance. In today’s extremely competitive environment, it is imperative that organizations in order to succeed, an unified data driven approach to be followed with regard to human capital management to enhance efficiency and also to take valid human capital decisions to impact the overall strategy of an organization.

Keywords: HR Analytics, Human Capital Management, Business Intelligence, Healthier Organizational Performance