News
India
People Analytics conjures solutions to complex issues of HR
17 Oct 2015, 07:23 am
Bengaluru, Oct 16 (NITN) Welingkar Institute of Management Development and Research in collaboration with NHRDN recently organized an HR Confluence on People Analytics.
The conference held at Welingkar campus, Electronic City, Bengaluru witnessed experts from the industry discussing the significance of the emerging discipline of People Analytics and how the same can be applicable in the HR space in industry cutting across the sectors.
The Confluence with a cross sectional representation from the industry had Anil Jalali, Executive Director – HR, India Domestic & Area South, IBM as the chief guest.
The fact that people are the most decisive element of potential growth and innovation as well as cost underlines the significance of people analytics.
It is a data-driven approach to manage people at work and adheres to an approach known for its extensive and highly objective use of data for an objective analysis with reference to people-related issues, such as recruiting, performance evaluation, leadership, hiring and promotion, job and team design, and compensation.
"People analytics provides a unique opportunity for human-resource professionals to position themselves as strategic partners in the growth of an organization," an official statement claimed.
Anil Rao, Dean and Director –Welingkar, Bengaluru while talking of the rationale behind the Confluence, said, “Living in times of complexity, competitiveness and driven by highly aspirational goals, it is imperative to revisit and rethink our approach towards the biggest asset of an organization-its workforce. People Analytics spotlights the same. It s draws heavily on big data enabled by technological advances, using the same in reference to behavioral pattern and people related issues."
"It streamlines businesses, irons out the complex issues at work; boosts employee loyalty and limits the churn (attrition).The onus lies on academia and the industry to sensitize the young managers and leaders and those in the business of shaping these to sensitize the young leaders- to -be of the same. It won’t be an exaggeration to say that people analytics gives that incisive prescience to the managers at workplace,” Rao said.
Jalali underlined the role of people analytics as a strategic business partner in the organization.
He highlighted the fact that how a growing number of companies are using analytics to handle issues like attrition, employee engagement, though not as many are well-equipped for the same. Technological advance along with growing number of netizens makes it easy to feel the pulse of the workforce with careful data collection and analysis.
The HR confluence served as a platform to listen and share ideas on People Analytics. With participation of stalwarts from the industry and academia, the event unfolded discussions on the journey of people analytics so far and the related challenges and best practices.
The HR confluence served as a platform to listen and share ideas on People Analytics. With participation of stalwarts from the industry and academia, the event unfolded discussions on the journey of people analytics so far and the related challenges and best practices.
More News
- Sobisco and Gee DeeMining awarded franchise rights in Bengal Pro T20 League
- Inaugural edition of Bengal Pro T20 to start from June 11
- Vattikuti Foundation announces KS International Innovation Awards for Robotic Surgery
- Vattikuti Foundation announces Brady-Vattikuti Robotic Academy hands-on masterclass in Urology
- Rashmi Group and Rice Adamas Group get franchise rights in Bengal Pro T20 League
- Shrachi Group, Servotech bag franchise rights in Bengal Pro T20 League
- Bengal Pro T20 League unveils its official logo
- Le Rythme& AWIPL hosts skill development programme on 'Accounts Executive' in Kolkata
- NEZ International Film Festival focuses on independent cinema in 9th edition, special focus on European filmmakers
- Deptt of Science and Technology funded Incubator at Sona College to spur entrepreneurship in Salem
Over 300 flights cancelled ...
Tokyo: Airlines were forced to cancel over 300 flights following the collision between a Japan Coast Guard aircraft and a Japan Airlines passenger plane at Tokyo's Haneda Airport on Tuesday evening even as reports said the plane was cleared to land ahead of the tragedy.
New discount membership clu ...
New Delhi/NITN: Regular flyers on Jazeera Airways, Kuwait’s low-cost carrier, can now avail a host of discounts and benefits by enrolling for the new membership club introduced by the airline, recently.
Air India deploys newly ind ...
Gurugram: Air India, a global airline in India, has initiated the deployment of its recently acquired Boeing 777 aircraft to serve all three non-stop routes from Mumbai to the United States.