HR Analytics – Importance and Challenges

Abstract

Businesses are growing rapidly in this gig economy. Businesses produce a tonne of data about their clients, rivals, suppliers, employees, etc. This data aids businesses in reaching new heights when handled appropriately and judiciously to get business insights. In recent decades, human resources have grown to be a significant asset and are now treated as a crucial corporate partner. Analytics may help HR professionals connect expertise to data and direct the company towards the right course of action. This conceptual research paper examines the benefits of the developing field of HR analytics and the challenges of the HR decision-making process that is driven by data.