A Numbers Game or a People Game: An Analytical Approach to Bring the Best Talent to the Organizations

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Human resources analytics (HR analytics) is an interesting field of study for those who love to play with numbers. Playing with numbers seems fun, but the quantified data helps organizations in many ways. Do you want to go a long way in your business? Then, yes! HR analytics is for you. HR analytics deals with interpreting data by applying statistical tools in order to get meaningful information so that predictive analysis for the growth of an organization can be done. The modern concept of HR is more data-driven, and HR analytics provide an opportunity for organizations to follow data-driven approach in order to manage people. HR analytics can be applied to numerous functions of HR, but this chapter will specifically cover the concept of HR analytics by emphasizing more on talent management analytics and its aspects. Are you looking for the best talent in the market? Do you want to get qualitative people in minimum costs and time? Then, this chapter will help you by elaborating on numerous recruitment metrics and suggesting how talent management analytics can help in managing people and enhancing an organization's profitability. Moreover, this chapter also provides theoretical and practical insights to the readers to enhance their understanding with the help of numerical interpretations.