HR Analytics: the future of Human Resource

The age old descriptive analytics method such as the tables and reports together with the various metrics and ratios are not sufficient enough to aid to the main aim of recruiting. Now days the predictive analysis used in HR is creating various new headways into the field of talent management by considering various factors which help to reduce the attrition rates and improve employee satisfaction.Almost all of the major organizations are lacking the proper skill and knowledge to apply HR predictive analytics to create a holistic workforce as well as increase workforce performance.

Some of the benefits of using HR analytics are: -

·         One can identify easily the strengths as well as the weaknesses of any workforce. This will lead to the recognition of the future leadership and vacancy needs.

·    One can gradually recognize all the various critical skills which are required for any job and also predict the different skill sets which would be lost during the time of high attrition.

·         One is also able to justify the high rates of turnover and its causes.A program can also be designed easily and effectively which can control turnover from the gathered information so that the cost to the company due to the vacancies created is much less.Chat Assessments is there to provide the necessary help to prevent any disastrous effect on the business turnover.

One can forecast any kind of risk posed to the company which affects the organization on a large scale and thereby integrating the total workforce and reducing the risk associated with managing the human resource.

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