The Application of Human Resource Analytics as a Strategy to Elevate the Corporate Performance

Abstract

Objective: This research aims to explore and highlight the growing importance of HR analytics in the corporate sector for data-driven decision-making and strategy execution. The primary objective is to present evidence of the increasing adoption and impact of HR analytics, both in academia and the actual corporate world. The study also intends to identify the requisite experience and competencies for HR analytics practices and to propose best practices and recommendations to enhance the effectiveness of HR analytics in organizations. Method: This research involves a comprehensive literature review, examining existing research and case studies on the utilization of HR analytics in the corporate sector. Various sources, including academic papers, industry reports, and real-world examples, were analyzed to gain insights into the current state and trends of HR analytics in practice. Results: The findings of the literature review demonstrate a significant surge in interest and implementation of HR analytics in the corporate world. The data-driven approach has shown considerable promise in aiding HR professionals in making informed decisions and aligning HR strategies with overall organizational goals. Evidence from both academic and practical sources supports the value of HR analytics as a crucial tool for optimizing HR processes and enhancing workforce productivity. Conclusion: Based on the research findings, it is evident that HR analytics has emerged as a pivotal component in the corporate sector, revolutionizing how HR professionals execute strategies and contribute to organizational success. The study substantiates the need for organizations to prioritize the development of HR analytics expertise and competencies among their HR teams. Moreover, the research highlights the importance of establishing best practices and guidelines for effective HR analytics implementation, ultimately leading to better talent management and organizational performance. As HR analytics continues to evolve, future research in this field should delve deeper into addressing competency requirements and refining the strategies for harnessing the full potential of HR analytics in the corporate landscape.