What is HR Analytics?
HR analytics, also known as human resources analytics, is a subset of people analytics that specifically focuses on using data and analytics to understand and improve HR processes and practices. HR analytics involves collecting, analyzing, and using data about HR processes and practices to inform decision-making and optimize the efficiency and effectiveness of HR operations.
HR analytics can be used to inform a wide range of HR activities, such as recruitment, training and development, succession planning, and employee benefits. For example, HR analytics might be used to understand the most effective methods for recruiting new employees or to identify which training programs are most effective in improving employee performance.
What is People Analytics?
People analytics is the use of data and analytics to understand and manage individuals in organizations. It involves collecting, analyzing, and using data about employees to make informed decisions about talent management and HR strategies. People analytics can be used to understand a wide variety of topics, such as employee performance, engagement, retention, and diversity.
People analytics is typically carried out by a team of data analysts, HR professionals, and other stakeholders within an organization. The goal of people analytics is to use data to identify patterns and trends that can inform decision-making about talent management and HR strategies. For example, people analytics might be used to understand why certain employees are more likely to leave the company or to identify factors that contribute to high levels of employee engagement.
Difference between HR analytics and People analytics
HR analytics and people analytics are similar in that they both involve the use of data and analytics to improve the effectiveness of HR management and decision-making. However, there are some key differences between the two:
Scope: HR analytics typically focuses on specific HR functions and processes, such as recruitment, employee retention, and benefits management. People analytics, on the other hand, takes a broader perspective and looks at the overall employee experience, including areas such as work culture, engagement, and performance.
Data sources: HR analytics typically uses data from HR systems and processes, such as payroll and time and attendance records. People analytics may also use this type of data, but it often incorporates additional sources of data, such as survey responses and social media data, to get a more complete picture of the employee experience.
Tools and techniques: HR analytics often relies on traditional statistical analysis techniques, such as regression analysis and correlation analysis. People analytics, on the other hand, may use more advanced techniques such as machine learning and natural language processing to analyze unstructured data sources.
Conclusion
Overall, both HR and People analytics are powerful tools for understanding and managing individualsin organizations. By using data and analytics to inform decision-making about HR processes and talent management, organizations can make more informed decisions about how to allocate resources and optimize the effectiveness of their HR operations.