SIGHT-FEATURE
PREDICTIVE ANALYTICS
OPPORTUNITY FOR HR
Predictive Analytics / Big data Que C'est?
It is the methodology for gathering and analyzing
volumes of data from varying sources and creating
trends that provide for strategic decision making.
THE BIG DATA – big data is no longer hidden secret
used solely by marketing, sales or research groups to
up their game.
It is presently coming into light the validity of predictive analytics within the HR and Finance function.
Where it aids is with improved insights and strategic
decision making.
Many companies are too employing and nurturing
persons with competencies digress and read off from
big data. And it is advocated that HR too is consciously
building similar capability – to collect and analyze
information. This help not only in aligning to a culture
of scientific reasoning and justification; to a function
Property of MAS Innovation
that is deemed more qualitative, but too it emphasizes
data driven decision making.
“More predictive than reactionary”
Turn over trends; preparing for April and January
attrition, Competitor benchmarking, without terming
it predictive analytics innate insight into regular
trends gives rise to certain actions we already undertake at MAS. Benefits have been evident so why not HR
go further?
The opportunities of informed planning on employee
behavior patterns:
Strategic HR: Talent management, manpower
planning, human capital value add
Recruitment: Sources of best talent, best fitment
(qualification and experience make up) for different
types of jobs