Relationship between Human Resource Analytics and Human Resource Benefits and Challenges at the Philippine National Bank

Abstract

Human resource analytics is an area of analytics that applies analytical process in a human resource (HR) department of an organization, which can improve the effectiveness and efficiency of the employees through the collection of important data. HR has core functions, and this study focused more on compensation and performance management which can be improved by applying processes in analytics. HR analytics can help to solve problems and issues easily using analytics tool that will guide the managers to answer questions and gain insights from information at hand, then make relevant decisions and take appropriate actions. The goal of human resources analytics is to give an organization insight towards successfully managing employees so that business objectives can be reached fast and efficiently. The challenge of human resources analytics is to classify what data must be taken and how to use the data to model and predict competences so the organization gets a best return on investment (ROI) on its human capital. The study shows that HR analytics has a great impact when it comes to consolidation of data, performance management, and compensation management. On the other hand, it indicates that regardless of the new technology and invented software, other employee problems cannot be answered by HR analytics alone and directly. The relationship and culture of the company is still necessary to resolve conflicts and problems in the workplace.