Fundamentals of HR Analytics: A Manual on Becoming HR Analytical

by Fermin Diez, Mark Bussin, Venessa Lee

Overview

The future of the Human Resource Management profession is inextricably linked to understanding data analytics. This book provides practical, hands-on approaches to connect data to HR policies and practices to help influence overall business performance. 

Building on traditional HR skillsets, the book makes understanding and engaging with data analytics possible for professionals at all levels. Leveraging key statistical and financial concepts, including ROI and people productivity, and commonly available tools such as Workday and Tableau, the authors explore key skills and tasks in an accessible and illuminating way, including:

• data-analytic thinking 
• data management 
• data collection 
• clean-up and warehousing 
• building descriptive and predictive models 
• applying HR analytics skills and tools to workforce planning, recruitment, training, and turnover analysis. 

Fundamentals of HR Analytics is an essential resource for aspiring, new and experienced HR professionals across a wide range of industrial contexts, as well as data analysts working on business workforce focused projects and upper level students of HR encountering data analytics in this context for the first time.

Product Details

ISBN-13:	9781789739640
Publisher:	Emerald Publishing Limited
Publication date:	11/11/2019
Pages:	280
Product dimensions:	5.43(w) x 8.50(h) x (d)

About the Author

Dr. Fermin Diez is an Adjunct Faculty member at Singapore Management University(SMU). Alongside 35 years of experience working in Human Resources within consulting, corporate, and academic roles, he is also the co-author of Human Capital and Global Business Strategy (2013) and The Remuneration Handbook (2017).  
Dr. Mark Bussin is the Chairman of 21st Century, a Professor at the University of Johannesburg and an Adjunct Professor at University of Cape Town. He has HR experience across all industry sectors and is viewed as a thought leader in the HR, Reward and Compensation arena. He is also the author of 10 books, including Retention Strategies: The Key to Attract and Retain Excellent Employees (2018). 
Venessa Lee is VP of HR at United Overseas Bank, Singapore. She has gathered her HR expertise through consulting and corporate experience, working with many organisations in delivering transformation and talent management change initiatives across Asia. Her areas of focus include strategic workforce planning, organisation restructuring and talent strategy implementation.

Table of Contents

Chapter 1. Basics of Finance, Statistics and Data-Analytic Thinking 
Chapter 2. Tools for HR Analytics 
Chapter 3. Data Collection 
Chapter 4. HR Analytics Modelling 
Chapter 5. Turnover 
Chapter 6. Training and Development 
Chapter 7. Strategic Resourcing 
Chapter 8. Recruitment 
Chapter 9. Compensation and Benefits 
Chapter 10. Career Planning 
Chapter 11. HR Policies vs. Profits 
Chapter 12. Conclusions and Thoughts on the Future of HR Analytics

Editorial Reviews

"Now more than ever, HR professionals of all levels need to leverage data for better decision making. Gone are the days where working with data is only meant for the specialists. The authors do well to chart the analytics journey from the fundamentals to more technical aspects with real world applications that breaks down the barrier to working with data. This book is a valuable resource in helping more people see and understand data, a mission we passionately advance. The authors' fervour to equip HR professionals with the skills necessary to thrive in a quickly evolving landscape shines through this book."

JY Pook

"Fundamentals of HR Analytics should be required reading for all HR Practitioners attempting to create value for their organisations, as well as to improve their own capabilities to gain insights in today’s constantly changing world of work. 
'In God we trust, all others must bring data' is largely attributed to Deming and a good starting point for acknowledging that analytics has a place in all professional work. Past Examples of Six Sigma projects in HR have demonstrated the leverage this can provide in supporting organisational improvement. It is thus fitting that a more dedicated book be available to HR practitioners that takes into account the specific lexicon and context of the HR function, as well as the contemporary trends and technological advances available. 
While this book is an important contribution to professionals regardless of their level of expertise, it is an equally powerful contribution to deepening the common understanding of effective HR practices. As HR functions support necessary business improvement processes, their own maturity of moving from Basic Personnel Administration through to People Development, Line Management Empowerment, Value Addition and finally Anticipating the Future, will also require an overlay in HR Analytics Maturity as described in this book."

Dr Dino Petrarolo

"It is an era of the Fourth Industrial Revolution and Big Data. It is fundamental that HR should remain relevant and aligned to the business objectives. This comprehensive analysis of HR drivers is essential and dynamic reading for all senior managers. It forms the basis for innovative decision making and provides hands on explanations with real life case studies- from concept to implementation, in a context of global competition and added value for all stakeholders. Fundamentals of HR Analytics should be required reading not only for HR professionals but also for senior managers."

James Allan

"What a great book! Business leaders look to HR for business solutions but are often disappointed. This book provides invaluable tools for HR practitioners to migrate from support to impactful business partners who deliver solutions that are bought into by senior leadership. I wholeheartedly recommend this book for all who are grappling with how to capitalise on the power offered by digital transformation and HR analytics to add greater value to their organisations. This book is written in an easy to understand format with many practical examples and case studies to illustrate the use of analytics to solve challenging problems that are commonplace in organisations."

Mark Cotterrell

"Fundamentals of HR Analytics is a must read for any HR professional who wants to understand and apply data analytics to solve real HR challenges in organizations. This book offers practical guidance and demystifies analytics with clear step by step guidelines to develop data-driven, realistic and actionable solutions to the common problems around talent attraction, development, retention and engagement."

Aileen Tan

"As a seasoned HR practitioner and academic, I found Fundamentals of HR Analytics a worthwhile read. Whether you are just about to start your HR analytics journey or are wanting to secure HR's seat in the boardroom, this is a must-have and must-read book! The authors successfully present a comprehensive summary of the perplexing people analytics "mystery", so I will surely be recommending this book to my students and colleagues."

Magda Bezuidenhout

"Arguably the biggest skill gap as the HR profession transforms in the digital age is in people analytics. How can HR provide better visibility on an organisation’s most important asset – its people. Where are the best opportunities to maximise ROI on human capital? Which events matter most to the employee experience? What predictive insights are possible to better enable workplace learning and agility? This book is therefore highly recommended as a must-read for both new and seasoned professionals. By enabling faster and better decisions, analytics will finally allow HR to re-claim its essence - to be more human."

Mayank Parekh

"HR is at a major intersection whereby the future success of organizations will be reserved for those who are capable of best understanding people data and how such information can be leveraged to disrupt and grow. There is a continued need for HR leaders to understand business, not just people. This book dives in deep to what every high performing HR leader needs to know about the incredible value than comes from a data driven people focused organization. Absorb what is in this book and deliver more value today by incorporating Fundamentals of HR Analytics into your everyday work life!"

Scott Cawood