Welcome to our webinar on “Measuring the ROI of the Investment made in People (HR Analytics).”
Today, we stand at a pivotal moment in the evolution of Human Resources. Gone are the days when HR decisions were based solely on intuition and traditional methods. The landscape of HR is undergoing a seismic shift towards a more data-driven approach, revolutionizing how organizations manage their most valuable asset – their people. The advent of HR analytics marks the beginning of this transformation, heralding a new era where data is not just an asset but the new oil that fuels strategic decisions. In this data-driven era, HR professionals are equipped with the tools and methodologies to analyze workforce data in ways that were unimaginable a few decades ago. This shift is empowering HR departments to move from being a support function to a strategic partner aligned with the overall business strategy. The transition to data-based HR is driven by the need for more accuracy, efficiency, and strategic insights in managing the workforce. By leveraging data, HR can uncover patterns, predict trends, and make evidence-based decisions that directly impact the organization’s bottom line. From recruitment and retention to performance management and employee engagement, every aspect of HR can now be optimized through analytics.
This webinar will delve into how HR analytics is not just an option but a necessity for modern HR professionals who aim to link HR strategy with business outcomes. We will explore the transformative power of data in HR, discuss how to frame business impact HR metrics, and examine the correlation of various HR variables to measure the true ROI of investments made in people. Join us as we navigate the journey towards a more analytical and strategic HR function, where data drives decisions and HR plays a pivotal role in achieving business objectives.
Speaker Ramesh Ranjan is currently the Co-Founder & CEO of Global HR Community. With over four decades in Human Resources Management, Ramesh Ranjan is a distinguished figure recognized for coaching prowess. Selected in the MG 25 India Coaches group by Dr. Marshall Goldsmith and named one of Silicon India Magazine’s SI Top 10 Prominent Leadership Coaches in 2023. He is a mentor at E-Cell, IIT Bombay, fostering startups in Asia’s largest business model competition. With leadership roles in Schneider Electric India, American Power Conversion, Chevron Texaco/Caltex India, Praxair India, Co Systems India, Indian Herbs & ITI, Ranjan brings a wealth of experience. Currently a Professor (HR) at IFIM School of Management and a visiting professor at prestigious institutions in Bangalore and Prague University of Economics & Business, he is also the Founder & Editor of the award-winning HR Blog/Website, www.humanengineers.com. A multifaceted professional, Ranjan has held key roles in NHRD Bangalore Chapter, AMCHAM, and the Roundtable of HR Directors of Petroleum Companies.
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