Word of the Day: human resources analytics (talent analytics)

Word of the Day Daily updates on the latest technology terms |June 9, 2017

human resources analytics (talent analytics) Human resources analytics, also called talent analytics, is the application of sophisticated data mining and business analytics (BA) techniques to human resources (HR) data. The goal of human resources analytics is to provide an organization with insights for effectively managing employees so that business goals can be reached quickly and efficiently. The challenge of human resources analytics is to identify what data should be captured and how to use the data to model and predict capabilities so the organization gets an optimal return on investment (ROI) on its human capital. Although most organizations have enough data to make analytics useful, the data is often created and stored in multiple places in multiple formats. There is no shortage of vendors who offer dedicated human resources analytics software products, but many companies simply create a custom data warehouse for HR data and leverage business intelligence (BI) applications on top. Other companies use data federation technology to aggregate data from disparate sources in a virtual database. Quote of the Day "Analytics can be very successful in recruiting and hiring talented individuals, motivating and rewarding employees, and developing and retaining the best." - Emilio J. Castilla   Trending Terms data mining business analytics human capital management HRIS employee engagement   Learning Center HR data analytics can lay the groundwork for workforce improvements Executives can become more strategic and more successful at managing employees by using HR data analytics to make decisions about the workforce. Companies are seeing a seismic shift in use of people analytics in HR A report by Deloitte finds that people analytics in HR is going mainstream and being used by executives across a company. HR data analytics is exploding in use and sparking change in business Companies are finding that HR data analytics can help solve business problems, such as retaining top performers and predicting compliance violations. Forrester stresses link between analytics in HR and business results Analytics in HR is aimed at helping leaders understand workforce requirements and ensure that decisions on talent management are based on data. Talent analytics plays a key role in motivating top performers Learn how particular metrics available in talent analytics can help attract, retain and develop top-performing employees. Writing for Business The message from human resources asked if she could come for an interview __________ next week. a. someday b. some day Answer       Stay In Touch For feedback about any of our definitions or to suggest a new definition, please contact me at: mrouse@techtarget.com   Visit the Word of the Day Archives and catch up on what you've missed!   FOLLOW US About This E-Newsletter This e-newsletter is published by the TechTarget network. To unsubscribe from Whatis.com, click here. Please note, this will not affect any other subscriptions you have signed up for. TechTarget, Whatis, 275 Grove Street, Newton, MA 02466. Contact: webmaster@techtarget.com Copyright 2016 TechTarget. All rights reserved.