Skip to main content

How are HR Analytics Solutions Helping Businesses Enhance their Productivity?

The domain of human resources management has transformed drastically in the last few years and with rapid advancements in technology and the generation of more and more data, it will continue to evolve in the coming years. While the HR departments are still mainly focused on the human aspects of employee management and running a company, they have also become heavily reliant on data and technology that didn’t even exist a few years ago. 


The advent of this data and its growing importance in HR processes have given rise to a new discipline called HR analytics. In simpler terms, HR analytics deals with the different methods by which information and data can be captured, measured, and organized for creating valuable insights, which would help HR professionals significantly in recruitment processes, resource management, and in overall organizational management. 



The growing requirement for workforce optimization is the main factor fueling the popularity of HR analytics. he global HR analytics market. As a result, the value of the market would grow from $2,045.5 million to $4,763.5 million from 2018 to 2024. By ensuring that all business operations and aspects of the company are working smoothly and in perfect harmony, workforce optimization enhances the efficiency and efficacy of business processes.


Additionally, workforce optimization allows organizations to align skills and resources to a specific customer demand or job for attaining faster results. It also gathers performance data in a more standardized framework, which helps businesses improve their decision making. Moreover, workforce optimization assists HR professionals in employee monitoring.

Comments

Post a Comment

Popular posts from this blog

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog...
Post a Comment
Read more

How Is Rising EV Sales Supplementing Electric Motor Market Growth?

In recent years, the companies operating in the electric motor market have engaged in product launches to consolidate their position. For instance, in February 2021, Johnson Electric Holdings Limited launched a new series of low-voltage DC motors for actuators used in hospital beds, smart recliners, height-adjustable desks, and other smart furniture.  In the same vein, in June 2021, maxon motor AG introduced BIKEDRIVE Air, a 3.5 kg e-bike system that consists of an integrated battery, a mid-mounted motor, and a control element. Additionally, the players in the electric motor market are also opting for mergers and acquisitions to gain a competitive edge. For example, in March 2021, AMETEK Inc. acquired Crank Software, EGS Automation, and Magnetrol International for $270 million.  With the acquisition of Magnetrol International and EGS Automation, AMETEK Inc. aims to expand its level measurement solutions portfolio and widen its automation solutions portfolio. Furthermore, the ...
Post a Comment
Read more

Demand for Webgames Set to Shoot Up in Asia-Pacific in Coming Years

The global webgame market valuation will rise from $3.5 billion in 2019 to $6.5 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 5.7% between 2020 and 2030. Depending on genre, webgames are classified into sports games, real-time strategy games, massive multiplayer online roleplaying games (MMORPGs), arcade games, and first-person shooters. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/webgame-market-insights/report-sample Out of these, the popularity of first-person shooters will grow sharply across the world in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. These types of games are not like the third-person shooters, in which, the gamers can see the character which they are controlling. As these games are highly engrossing and thrilling, their popularity is soaring rapidly all over the world. Globally, the webgame industry is predicted to exhibit the...
Post a Comment
Read more