A STUDY ON THE APPLICATION OF HR ANALYTICS IN THE 4.0 INDUSTRY IN A NUTSHELL

Abstract

In this paper, we investigate how applying HR analytics might help an organization make the most efficient use of its human resources. One of the most significant challenges that businesses confront in modern times is recruiting suitable candidates to fill available positions. This state may be observed in businesses that are expanding and that place a high value on their employees as one of their most precious resources. Both having an excessive number of employees and not having enough employees can be detrimental to the success of a firm. In most cases, the nature of the industry and the number of employees together determine how HR measures change. The purpose of conducting HR analytics is to gain insightful knowledge and a better understanding of how an organization is performing by compiling data and important metrics pertaining to the workforce. It is possible to engage HR specialists with the assistance of HR analytics in order to ensure the highest performance and productivity in managing the business, minimize turnover rates and expenses associated with hiring, and for other purposes. This action has the potential to significantly boost an organization's overall vitality and health.