The MDP on HR Analytics: Unlocking Human Potential will help participants in understanding the fundamentals of Business Analytics such as statistics, predictive analytics, prescriptive analytics, machine learning techniques, data visualization, and data storytelling, and then apply them to real-world applications of analytics in the HR domain. This will equip participants with the skills to think analytically and discover ways to improve various people management functions. It will also help participants in gaining a competitive advantage by capturing data-enabled business opportunities and providing them with much needed data literacy.
It is important to develop an analytical mindset and evaluate business objectives in a scientific way to derive meaningful insights. The use of data, metrics, and analytics helps organizations in proactively uncovering information pertaining to employee calibre, talent, contribution , understanding the value of an engaged employee, recognizing factors that lead to employee turnover, and predicting the future productivity of job applicants. Human resource professionals can extract valuable insights from data and offer their organizations competitive advantage through the rigorous collection, analysis, presentation, and predictive use of data, there by effectively contributing to organizational decision-making processes. This MDP will provide an overview of HR analytics as well as several hands-on demonstrations. Participants will learn to conduct analysis using open-source software and also learn to critically examine and present insights that can be used to drive organizational transformation.
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