In: Finance
Do some research into workforce analytics and predictive analytics. What can we expect for the future? Be creative, think possibilities.
Workforce analytics is a human resorce analytics where companies using data and predict the behaviour of its employee. It also helps in performing main tasks of human resource like apprisal, employee retention, training designing, hiring and etc.,
Predictive analytics is used for prediciting the future outcomes using present data and past trends. It is widely used in forecasting of sales. Main industry which are using predictive analytics are sales, marketing, operation and risk management in financial industries. Now a days it is widely used by the people across the board.
Now workforce analytics and predictive analytics provide lots of opportunity for predictive workforce analytics which will helps in guaging the employee behaviour, its effort and how he is going to react in future.Few of possibilitie are as follows:
1. with the past behaviour of employee HR can check wether employee is satisfied or not.
2. with the help of its demand HR can predict what is its need and try to fulfill during next apprisal.
3. try to reduce attrition rate by analyzing industry data by taking steps which are causing attrition.
4. perform sentiments analysis using the data avaialble in the internet and social media.
5. its help in suitable recruitment profile selection
6. Employee segmentation and profiling using the data avaialble with the HR deprtment it will be based on where employee needs, qualificaiton, expectations etc.,