BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Employee Turnover
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(Long-term) Absenteeism
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Policy Effectiveness
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Diversity
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Detailed explanation-1: -HR analytics helps HR professionals make data-based decisions that play a pivotal role in an organization’s success. Over 70% of executives consider people analytics a main priority in their organization. The HR analytics market is set to grow by 90% to $3.6 billion over the next three years.
Detailed explanation-2: -HR analytics can provide a data-driven understanding of why employees decide to leave and identify the missing links. By using exit and stay interviews, employee satisfaction surveys, and team assessments, organisations can identify the reasons that are putting off employees and encouraging them to leave.
Detailed explanation-3: -Proper evaluation of spending in each business department is essential to any organization. Measuring HR costs is particularly beneficial for determining how the department impacts overall business goals. In demonstrating the efficacy of its department, HR can change its traditional reputation as a cost center.
Detailed explanation-4: -The three major roles in human resources are; administrative, change management, and people management.