Data: A Key to HR Analytics for Talent Management

Title

Data: A Key to HR Analytics for Talent Management

Creator

Rishiraj A.; Shukla S.

Description

The past few years have witnessed a significant rise in job openings across various industries worldwide. This trend has highlighted the need for companies to plan and recruit better talent to keep up with the demand for skilled employees. As a result, Human Resource (HR) professionals are now using workforce planning and HR analytics to address the challenges of finding and retaining the right employees. With the help of technological advancements in HR systems, businesses are leveraging data and insights to understand workplace dynamics better. Workforce planning has thus become crucial for organizations of all sizes to ensure they have the necessary talent to achieve their goals in the present and future. This chapter delves deeper and examines the importance of workforce planning and how HR analytics can help companies achieve their strategic objectives. Talent Management is about analyzing the workforce skill requirements of the organization. It needs a strategic plan to ensure the appropriate people are in the right roles at the right times. Talent Management is a crucial element of every businesss performance. In this process, data play a pivotal role in evaluating the existing workforce and planning for future workforce needs. Based on this, a strategy is developed to fill gaps or prospective shortages. Organizations can achieve their goals by using talent planning and collecting data about upcoming projects and skill requirements based on market needs. For example, talent planning is essential in the healthcare sector to guarantee that hospitals and clinics have enough doctors, nurses, and other healthcare workers to fulfill the rising demand for healthcare services. HR analytics is the key to talent management, enabling organizations to stay competitive, enhance productivity, and achieve long-term strategic objectives. The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2024.

Source

Lecture Notes in Networks and Systems, Vol-922 LNNS, pp. 33-49.

Date

2024-01-01

Publisher

Springer Science and Business Media Deutschland GmbH

Subject

Analytics; Human resources; Workforce management

Coverage

Rishiraj A., Christ University, Bangalore, India; Shukla S., Christ University, Bangalore, India

Rights

Restricted Access

Relation

ISSN: 23673370; ISBN: 978-981970974-8

Format

Online

Language

English

Type

Conference paper

Identifier

https://doi.org/10.1007/978-981-97-0975-5_3

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85197231589&doi=10.1007%2f978-981-97-0975-5_3&partnerID=40&md5=73bb98c6476cf50bd5ee45de0b358274