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A Strategic Approach to HR Analytics: A Framework for Employee Life Cycle Model

Author(s): Supriya P Inamdar, Dr Shinu Abhi
ISSN:0974 - 497
Year:February 2020   Volume:14  Issue:1/4


Abstract: Organizations are becoming more data-focused by utilizing HR metrics to meet its strategic goals. Advancement in technology and tools are guiding companies in the systematic adoption of HR analytics both in operational and strategic levels to give better decisions by utilizing HR metrics, which optimizes performance and better return on investment. Employees are the most significant assets for an organization, and therefore organizations need to manage the cost of improving the employee's knowledge, skills, and experience effectively. HR metrics are one of the ways to analyze the cost-effectiveness of its people initiatives. These metrics help an organization to explain past, present and future performance/results and their impact on business outcomes. This paper explored the linkages of HR functions and business results throughout the employee life cycle journey. A few best practices adopted by some of the organizations as case studies are discussed to link the use of HR analytics and its impact on business outcome with few case studies.



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