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Setting Up HR Analytics in the Organization
Understanding the benefits of HR Analytics.
Introduction to HR Analytics
HR Analytics refers to the analysis and collection of HR (Human Resources) data to improve the insight on what is going well and what areas can be improved for better efficiency.
Say, for instance, a software development company has a high employee turnover, which means the operational productivity is not at its peak currently. HR Analytics lets you drill down into the cause of high turnover, and effective strategies to reduce it. This will lead to a marked boost in productivity and revenue.