21st-century business organizations are constantly looking at adopting tools and techniques that help them improve their business, achieve growth and build a happy and productive team. New understanding and development of knowledge systems and technological advancements have enhanced knowledge across STEM, management, organizational development, leadership concepts, and HR analytics that directly influence business practices. HR analytics has changed HRM decision-making to be driven by objective insights drawn from HR data analytics, which provide sound business solutions. With technological tools like Artificial intelligence and Machine Learning, HR leaders now use HR analytics and software tools to analyze HR data. These insights drive recruitment, training, compensation, talent management, competency development, attrition and performance management decisions. These developments present excellent career opportunities in HR analytics. Aspiring students and HR professionals can choose from good study programs available in HR analytics as they explore a career as an HR analyst and other roles in HRM.
What Is HR Analytics?
HR analytics systematically gathers and analyzes HR data, drawing insights that drive recruitment, training, compensation, talent management, competency development, attrition and performance management decisions. HR analytics enable HR leaders to utilize data-driven insights to improve workforce management and enhance positive experiences for employees.
What Is an HR Analyst?
An HR analyst is responsible for collecting, organizing and analyzing human resources data to draw conclusions that drive decisions that help streamline processes and address business challenges.
Career Options in HR Analytics:
A role in HR analytics typically begins as an HR generalist and progresses to that of an HR analyst. HR analytics is a good career for a candidate with good interpersonal and people management skills, the ability to have a good eye for details, analytical skills and an understanding of business management and operations. People with HR analytics skills or HR analysts help organizations draw insights from HR data analysis to make key decisions on the effective management of people.
HR Analytics Jobs and Roles:
Job roles in HR analytics include:
- HR Executive
- HR Associate
- Assistant HR Manager
- HR Manager
- HR Analyst
HR analyst job description does not entail performing day-to-day executive or managerial roles but rather helps provide HR data analysis-based insights to business leaders, guiding their crucial decision making. They also help in the framing of HR policies. The role of HR analyst is a senior position.
Study Programs in HR Analytics:
There are good study programs in HR analytics that include:
At Undergraduate Level
- Bachelor in Business Administration
- BBA in Human Resources Management
At Postgraduate Level
- Master in Business Administration
- MBA in Human Resources Management
- Data analytics course
- Big data analytics course
Many institutes, including IIMs, provide HR analytics courses with placement at both undergraduate and postgraduate levels.
Skills or Attributes Needed for HR Analytics Jobs:
To be good in an HR analytics role, one needs to be comfortable with HR systems and analytics, managing large data to draw insights and present to leaders and stakeholders, and guiding critical business decisions.
Key Attributes for the HR Analytics Role Include:
- Analytical mindset
- Systems Analysis
- Attention to detail
Technical Skills Required for HR Analytics Job Include:
- Database management- Excel, Access and SQL experience
- Machine Learning applications
- Systems Management
The Human Resource Management department is endowed with large data of employees. Dealing with HR data analysis and drawing insights means an HR analyst’s role is challenging and never a dull moment. Being in HR analytics in generalist job roles or as an HR analyst, one gets to experience amazing career growth. HR analytics enables HR professionals to make data-driven decisions to attract, manage and retain employees, which helps improves ROI. It also helps business leaders to make decisions on creating better work environments that help optimize employee productivity. When used effectively, HR analytics has a profound impact on business growth and financials.