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HR Analytics
Course Objectives: The objective of this course is to Course Outcomes (COs): Course Course outcome (at course level) Learning and teaching strategies Assessment Strategies Paper Code Paper Title CLO 174.Apply analytics in problems related to human resource management. CLO 175.Compare HR metrics and types of analytics in HR. CLO 176.Analyse the HR effectiveness and its impact on employee life cycle & experience using analytics CLO 177.Communicate data driven insights of HR analytics using data visualization techniques. CLO 178.Implement predictive models and dashboards in HR CLO 179.Evaluate the performances of predictive models. Approach in teaching: Interactive Lectures, Group Discussion, Tutorials, Case Study Learning activities for the students: Self-learning assignments, presentations Class test, Semester end examinations, Quiz, Assignments, Presentation MBB 425 HR Analytics
Introduction to HR Analytics: Evolution of HR analytics, challenges with HR Analytics, strategic focus on HR Analytics; Common pitfalls of HR Analytics; HR analytics process and skill-set needed in HR analytics team, LAMP framework.
Approaches to Data Analytics: Current approaches to measuring HR; Strategic HR metrics versus Bench marking; HR scorecards & workforce scorecards; Types of analytics in HR- descriptive, predictive and prescriptive; HR analytics framework
Dynamics of HR Metric: People analytics cycle, employee lifecycles and employee experiences, performance- and succession management; Agile framework; HR value chain; Metrics to measure HR effectiveness; Factors driving employee turnover, link between engagement and performance; Competitive edge and HR analytics.
Data Mining Techniques: Data analysis, data visualization techniques and effective utilization using tools; Common pitfalls associated with data visualization; Driving insights out of HR analytics.
Decision Making Based on Analytics: Data driven culture in an organization; Implementation of predictive modelling; Importance of predictability in fulfilling strategic objectives; Effective HR dashboards.
*Case studies related to entire topics are to be taught. Hands on Training on the application of analytics in the areas of recruitment, performance management, compensation management, competency building; learning and development; employee motivation / satisfaction; employee attrition/ separation.
