Human Resources is the most important function of any business organization. Investment in Human resources is the least measured and analyzed. This is despite the fact that a bulk of company's performance depends directly and indirectly on its human capital.
Continuous changing business environment in today's globalized world poses ever increasing challenges to it. Organizations the world over therefore are always looking to find and adopt innovative methods and technologies to maximize HR outcomes. Organizations can leverage these modern HR tools/techniques and gain a competitive advantage.
Some of the benefits derived from HR Analytics and Business Intelligence are :
Organizations sooner or later are realizing the importance of the big HR Data they are already in possession of. This data which otherwise end up as mere records can be scientifically processed and information deduced can be used strategic.
Business Intelligence is widely accepted and used for a number of business decision making processes the world over. BI tools and technologies are used to transform raw data into useful and meaningful information