Research Paper on Role of Analytics in Renovating Human Resource Management

Abstract For today's era of competitive organisations all around in Private Sector, there are incredible number of pressures on Human Resource Management system, to help their firm navigate through the multiplying transitions, e.g. - Increasing Globalisation, rapid technological change, neck to neck competition; organisational changes viz. organisational alliances, new structures and hierarchies, fangled ways of assigning work & a very high level of talented employee expectations. In order to play this role, HR essentially seeks to update its pace of modernisation & clearly needs to adopt latest technologies to avail best information for management. Analysis of large size employee records is the spine of Human Resource management, which is used as a basis of strategic layers. With the effective application of analytical approach, HR can build a remarkable strategic business partnership with the organisation, giving two significant outcomes: increased organisational efficiency and a highly satisfied workforce by formulating strategic human resource designs. This study attempts to inspect the outlook of Managers and Human resource personnel towards the resultants of Analytics application in Human resource management and study the imperative roles of analytics in managing workforce strategically by facilitating HR to design and execute growth promoting Human Resource practises for the company. Present study “Role of Analytics in Renovating Human Resource Management”, with the help of Primary and Secondary Information, explores Analytics role and significance for Human Resource Management. Keywords: Human Resource Management, Analytics, Strategic HRM, Planning, Retention, Human Resource Practises.