The book titled "Organizational analytics- A revolution in Organizational success" is all about the contribution of data analytics towards the organization's success in terms of human capital management. No organization can survive without effective Human Capital management. The management should understand that in order to be successful and get a competitive advantage, it should invest in data analytics. Data analytics are required for every sector and now a days it is used more predominantly in Human resource management.
Organizational analytics or HR analytics is the process of collecting and analyzing Human Resource (HR) data in order to improve an organization's workforce performance. The process can also be referred to as talent analytics, people analytics, or even workforce analytics.
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.
Companies are now realizing company success is built on people, and HR analytics can light the way from intangible theory-based decisions to real ROI through the following:
- Better hiring practices
- Decreased retention
- Task automation
- Process improvement
- Improved employee experience
- More productive workforce
- Improved workforce planning through informed talent development.
This book gives the readers a holistic and indebt knowledge regarding the entire concept of HR analytics in the simplest form.
This book is divided into 16 modules. The 1st and the 2nd module is all about basics of HRM, Module 3 to module 7- Hands on - HR metrics, Module 8-module module 14- Hands 0n- HR dashboard, module 15- Hands on Tableau and Module 16- gamification.
I am sure after reading this book the readers would be masters in data analytics in every sector and would definitely upgrade themselves further.
