Study on Preliminary and Importance HR Analytics with Workforce Management

Abstract

The new buzzword HR Analytics has created a wave in the work routine of HR professionals - understanding employee data, structuring, and analysing to attain the insights to support the decision-making. The adoption of HR analytics in the organisation enables the organisation to be at a competitive strong position in the market and defeat the war for talent, performance issues, and culture mismatch. If the organisation denies or postpones the acceptance of HR analytics it may lead to failure in understanding the resources and results in the addition to the cost. The literature also highlights the knowledge gap in understanding the financial allocations when comes to manpower. The research focuses on the antecedents of HR analytics, challenges in the implementation of HR analytics, tools used for HR analytics, and consequences of HR analytics with special reference to strategic workforce management. This chapter will help the reader to know the purpose of the study.