Leveraging Advanced Data Techniques in HR Analytics: Revolutionizing Workforce Management
DOI:
https://doi.org/10.67265/jsrd.v1.i1.04Keywords:
HR analytics, big data, strategic decision-making, human resource management, competitive advantageAbstract
Big data refers to large, varied, rapidly changing datasets that can be used for HR analytics but may not provide all the solutions to an issue. While HR analytics can help inform strategic decision making, financial health, market conditions, competitors, and workforce capabilities should also factor into these decisions before implementation of findings from HR analytics. This article examines the importance of HR analytics, process, the types of questions that it can answer, a new model, and existing challenges with blind reliance on data. HR analytics employs research methodologies and advanced statistical tools to analyze HR data for evidence-based decision-making and emphasizes the strategic value of HRM in achieving competitive advantage. Therefore, contextual adjustments are needed as HR analytics evolves, which means that businesses need to be careful not to rely blindly on data.
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