The Evolution and Growth of HR Analytics ROI Based Approach

Human resources HR analytics has recently developed an enormous curiosity in most organizations still they find challenging to move from operational reporting to strategic reporting analytics. Organizations are becoming more data focused by utilizing employee data to reach their strategic goals. Recent research studies have shown increased attention on HR analytics and its impact on business results. This paper is a conceptual study, with twofold objectives firstly, to provide evidence of implementation and growth of HR analytics from the literature review second, to study the impact of HR analytics focused with Return on Investment. The purpose of applying HR analytics is to give better decisions on utilizing HR metrics and predictive models which optimizes performance and better return on investment. The study indicates that conceptual and empirical studies in HR analytics resulted in a greater return on investment when compared to case based studies. Additionally, the study indicates that talent acquisition and learning and development are the main HR functions that generate the highest return on investment. This paper concludes that Choosing the right purpose and the right tool for the right moment of the intervention of HR analytics impact optimum organizational performance. Supriya. P. Inamdar | Dr. Shinu Abhi "The Evolution and Growth of HR Analytics: ROI Based Approach" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-4 , June 2021, URL: https://www.ijtsrd.compapers/ijtsrd41225.pdf Paper URL: https://www.ijtsrd.commanagement/strategic-management/41225/the-evolution-and-growth-of-hr-analytics-roi-based-approach/supriya-p-inamdar