Foreword
HR analytics sometimes goes by other names like people analytics, talent analytics, workforce analytics, and human capital analytics. It is defined as the analytics of human resources (employees), which includes the entire life cycle of employees, such as hiring, engaging, and ultimately, retention. HR has been undergoing a digital transformation for some time. With so much data, there has been a huge increase in the availability of unnecessary data, too. With so much ample data, it poses a challenge for HR professionals to sort and select the required data. Hence, HR practitioners must be able to read and understand HR analytics to create value for their organizations, as well as to improve their own capabilities. The tools and techniques will make sense of all of this information so one can make better HR business decisions. HR analytics empowers HR managers to be conversant with the idiosyncrasy of teams, which may be built upon people at multi-location workplaces. HR analytics is used for corporate decision making, achieving strategic goals, and sustaining a competitive advantage. The people-related data is procured, analyzed, and interpreted for the purpose of improvement. HRM focuses on supporting employees; people analytics brings science into HR. People analytics allows HR to quantify its efforts and impact in order to encourage better people decisions. It is the revival of people-driven scientific management.
In this foreword, I will focus primarily on the broader trend to think more analytically about almost everything and what that means for HR. This edited book provides a vital tool for HR practitioners to get familiar with the fundamentals of HR analytics, which is now a important for every HR professional. Actually, understanding and applying the data and analyzing it to solve real-life HR challenges is the main skill that has to be developed and enhanced. Today, there is no industry or field that is not using analytics. HR analytics has the potential to play a key role in the transformation process (e.g., choosing and validating selection tools) that helps in decision making, etc. I wholeheartedly recommend this book for all who are grappling with how to capitalize on HR analytics and add greater value, as this book contains contributions by various professionals that make us understand effective HR practices. This book has an easy-to-understand format to illustrate the use of analytics to solve challenging problems that are commonplace in organizations.