Check with seller Is HR Analytics the Solo Torchbearer of HRTech? Mission Viejo

This article dissects the expanse of HR Analytics and how it has stealthily dominated the scape of HRTech along with touching base ion poignant aspects of its usage.

HR Analytics is proving to be a boon to the HR arena because of its advanced capabilities of fetching quick, accurate and deep insights about the people of an organization. When technology gifts us with something as exciting as HR Analytics, it is only fair to utilize it for the benefit and empowerment of our employees.

HR Analytics is being deployed by a number of industries and their organizations at a tremendous speed. Companies across the world are seeking solutions and measures to manage their employees and resolve their issues while keeping the firm efficiently functioning. With the pandemic leaving employees under a great deal of stress due to the uncertainty that came with it, HR Analytics began experiencing a surge in its adoption. As per the referred report by Mordor Intelligence report, the HR Analytics market is anticipated to register a CAGR of 11% by 2025. HR Analytics is being leveraged by organizations to increase the productivity of their employees along with optimizing and maintaining their benefits. As the world is reforming, the needs of the workforce are also facing a dynamical change. The report talks about a survey where the majority of the employees wished for time off as a benefit. This shows that there is a gap between what is being offered to the workforce and what is actually demanded. HR Analytics can optimally fill this gap and enhance the overall performance of the company.

Key Findings on HR Analytics:

Cloud Infrastructure in North America has led to a strong adoption of HR analytics in the region over the period of the last 5 years.
Organizations such as Workday, Oracle, SAP, and IBM are acting as robust contenders in the HR Analytics landscape.
Other regions such as Washington DC, New York and others are harnessing HR Analytics tools for workforce planning to compensate for the lack of analytical skills.
To gain a competitive advantage, organizations are taking extensive measures. For e.g., Acquisition of Scout RPF by Workday Inc. and availability of Oracle Analytics for Cloud HCM.
Elevation of user experience is one of reasons why companies are implementing HR Analytics within their organization.
A study by MIT also shows that firms that perform better are likely to implement HR Analytics 5x more as compared to firms that show low performance.

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