HR Analytics using Ms-Excel and R Software
Human resource analytics (HR analytics) is an area
in the field of analytics that refers to applying analytic processes to
the human resource department of an organization in the hope of
improving employee performance and therefore getting a better return on
However, some of the analytical tools available to
us as HR practitioners are under-utilised. A simple tool such as
Microsoft Excel has the capability of generating reports on a real-time
basis once data is fed into it. It is cost effective and meets the
basic requirements for HR Analytics (once used in the right way).
HR analytics does not just deal with gathering data
on employee efficiency. Instead, it aims to provide insight into each
process by gathering data and then using it to make relevant decisions
about how to improve these processes.
The key aspect of HR analytics is to provide data on the impact the HR department has on the organization as a whole.
What Excel can do for HR functions?
Excel is such a powerful tool that it can also be
utilized in the HR field. In fact, some Excel functions when utilized
properly can make the life of a HR professional quite easy! As Excel
can help data maintenance and analysis, it can be used to collect and
store HR data such as employment history, starting date, employee
identification, termination date, duration of service, tracking of sick
days and compensation record.
Why Use R for HR Analytics?
is powerful, free, and open-source. This means you can get it (and
learn it) for free at home or at work. Yes! F-R-E-E!!!Using R to build
your HR analytics toolkit means your skills are 100% transferable to
your next job…and the job after that. Knowing R even a little bit will
put you WAY ahead of the curve in HR Analytics.