Over the years, the HR function has moved away from being just a support function doing mundane and repetitive transactional tasks to being an enabler of the business and helping leaders take key strategic decisions. This has been largely possible because the HR function has started to take a data- driven approach to manage people. People analytics is at the heart of this approach.
People Analytics helps leading organizations to make smarter, more strategic and more informed talent decisions. It plays an essential role in providing access to critical data-driven insights about the workforce thereby improving the overall decision-making efficiency to a large extent. Research by McKinsey suggests that People Analytics can help with an 80% jump in recruitment efficiency, a 25% boost in business productivity, and a 50% reduction in attrition rate.
HR professionals must develop a conceptual understanding of the various analytical techniques and be exposed to hands-on experience in statistical analysis to master this must-have competency. In this context, the CII - Centre of Excellence for Leadership has launched its flagship 5th edition of the Certified Online Programme on People Analytics.