What is happening in the HR Analytics space?
Learning Bite: What Is Happening in the HR Analytics Space?
Several noteworthy trends:
- Obtaining future anticipation-derived value (i.e., improved policy- and decision-making) by going from descriptive to predictive or, in other words, from learning from the past to anticipating the future;
- Currently, predictive capabilities are what companies are striving for, hence a steadily growing ‘appetite’ for HR Analytics
- A growing interest in more advanced techniques e.g., structural equation modelling
Bottom Line: The overall trend in the HR Analytics space is that of companies transcending from reporting to real analytics, coupled with significant, ongoing progress in scientific research, reflected in books, with business literature moving towards more advanced approaches.