HR analytics is a methodology for creating insights on how investments in human capital assets contribute to the success of four principal outcomes:
(a) generating revenue,
(b) minimizing expenses,
(c) mitigating risks, and
(d) executing strategic plans.
This is done by applying statistical methods to integrated HR, talent management, financial, and operational data,” says Collins in an exclusive discussion with HR Technologist.
HR analytics is defined as the process of measuring the impact of HR metrics, such as time to hire and retention rate, on business performance. Human resources is a people-oriented function and is so perceived by most people