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The future of the Human Resource Management profession is inextricably linked to understanding data analytics. This book provides practical, hands-on approaches to connect data to HR policies and practices to help influence overall business performance.
Building on traditional HR skillsets, the book makes understanding and engaging with data analytics possible for professionals at all levels. Leveraging key statistical and financial concepts, including ROI and people productivity, and commonly available tools such as Workday and Tableau, the authors explore key skills and tasks in an accessible and illuminating way, including:
- data-analytic thinking
- data management
- data collection
- clean-up and warehousing
- building descriptive and predictive models
- applying HR analytics skills and tools to workforce planning, recruitment, training, and turnover analysis.
Fundamentals of HR Analytics is an essential resource for aspiring, new and experienced HR professionals across a wide range of industrial contexts, as well as data analysts working on business workforce focused projects and upper level students of HR encountering data analytics in this context for the first time.
Price: $44.99
Pages: 280
Publisher: Emerald Publishing Limited
Imprint: Emerald Publishing Limited
Publication Date:
11 November 2019
ISBN: 9781789739640
Format: Paperback
BISACs:
BUSINESS & ECONOMICS / Human Resources & Personnel Management, Personnel & human resources management, BUSINESS & ECONOMICS / Strategic Planning, BUSINESS & ECONOMICS / Management
"Fundamentals of HR Analytics should be required reading for all HR Practitioners attempting to create value for their organisations, as well as to improve their own capabilities to gain insights in today’s constantly changing world of work.
'In God we trust, all others must bring data' is largely attributed to Deming and a good starting point for acknowledging that analytics has a place in all professional work. Past Examples of Six Sigma projects in HR have demonstrated the leverage this can provide in supporting organisational improvement. It is thus fitting that a more dedicated book be available to HR practitioners that takes into account the specific lexicon and context of the HR function, as well as the contemporary trends and technological advances available.
While this book is an important contribution to professionals regardless of their level of expertise, it is an equally powerful contribution to deepening the common understanding of effective HR practices. As HR functions support necessary business improvement processes, their own maturity of moving from Basic Personnel Administration through to People Development, Line Management Empowerment, Value Addition and finally Anticipating the Future, will also require an overlay in HR Analytics Maturity as described in this book."
Dr. Fermin Diez is an Adjunct Faculty member at Singapore Management University (SMU). Alongside 35 years of experience working in Human Resources within consulting, corporate, and academic roles, he is also the co-author of Human Capital and Global Business Strategy (2013) and The Remuneration Handbook (2017).
Dr. Mark Bussin is the Chairman of 21st Century, a Professor at the University of Johannesburg and an Adjunct Professor at University of Cape Town. He has HR experience across all industry sectors and is viewed as a thought leader in the HR, Reward and Compensation arena. He is also the author of 10 books, including Retention Strategies: The Key to Attract and Retain Excellent Employees (2018).
Venessa Lee is VP of HR at United Overseas Bank, Singapore. She has gathered her HR expertise through consulting and corporate experience, working with many organisations in delivering transformation and talent management change initiatives across Asia. Her areas of focus include strategic workforce planning, organisation restructuring and talent strategy implementation.
Chapter 1. Basics of Finance, Statistics and Data-Analytic Thinking
Chapter 2. Tools for HR Analytics
Chapter 3. Data Collection
Chapter 4. HR Analytics Modelling
Chapter 5. Turnover
Chapter 6. Training and Development
Chapter 7. Strategic Resourcing
Chapter 8. Recruitment
Chapter 9. Compensation and Benefits
Chapter 10. Career Planning
Chapter 11. HR Policies vs. Profits
Chapter 12. Conclusions and Thoughts on the Future of HR Analytics