Human Resource Predictive Analytics HRPA For HR Management In Organizations
Journal: International Journal of Scientific & Technology Research (Vol.5, No. 5)Publication Date: 2016-05-15
Authors : Sujeet N. Mishra; Dev Raghvendra Lama; Yogesh Pal;
Page : 33-35
Keywords : Predictive Analytics; Talent Analytics; HR Analytics; Human Resource Management; Modelling; Return on Investment ROI; Decision Making;
Abstract
Human resource predictive analytics is an evolving application field of analytics for HRM purposes. The purpose of HRM is measuring employee performance and engagement studying workforce collaboration patterns analyzing employee churn and turnover and modelling employee lifetime value. The motive of applying HRPA is to optimize performances and produce better return on investment for organizations through decision making based on data collection HR metrics and predictive models. The paper is divided into three sections to understand the emergence of HR predictive analytics for HRM. Firstly the paper introduces the concept of HRPA. Secondly the paper discusses three aspects of HRPA a Need b Approach 26 Application c Impact. Lastly the paper leads to the conclusion on HRPA.
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