• Key Terminologies in HR Analytics

      1. HRIS (Human Resource Information System)

      A centralized digital system used to store, manage, and analyze employee data such as attendance, payroll, performance, and demographics.

      2. HCM (Human Capital Management)

      A broader framework that includes processes and tools for recruiting, managing, developing, and optimizing employee performance.

      3. Predictive Analytics

      Using historical HR data to forecast future outcomes such as attrition, hiring needs, performance, or skill gaps.

      4. Workforce Analytics

      Analytics applied to understand workforce trends, productivity, workforce planning, and labor optimization.

      5. Talent Analytics

      Analytics focused specifically on hiring, retention, development, and succession planning of talent.

      6. Descriptive Analytics

      Analyzes past data to explain “what happened” using dashboards, reports, and summaries.

      7. Diagnostic Analytics

      Explains “why something happened” by identifying patterns, correlations, and root causes.

      8. Prescriptive Analytics

      Suggests the best possible actions or decisions using data models and simulations.

      9. Attrition Rate / Turnover Rate

      The percentage of employees leaving the company over a specific period.

      10. Retention Rate

      The percentage of employees who stay within the organization during a defined period.

      11. Employee Lifetime Value (ELTV)

      The total value an employee contributes to the organization from hiring to exit.

      12. Headcount Analytics

      Tracking the number of employees, additions, exits, internal movements, and workforce distribution.

      13. Time-to-Hire

      The number of days taken to fill a job vacancy from posting to offer acceptance.

      14. Cost-per-Hire

      Total hiring cost divided by the number of hires made in a period.

      15. Quality of Hire

      A measure of how well a new hire performs, contributes, and fits within the organization.

      16. Performance Index / KPI Metrics

      Quantitative measures to track employee performance and organizational effectiveness.

      17. Employee Engagement Index

      A score that reflects employee motivation, commitment, and satisfaction levels.

      18. Predictive Attrition Model

      A data model used to identify employees at risk of leaving the organization.

      19. Skill Gap Analysis

      Identifying the difference between existing employee skills and skills needed for future roles.

      20. Compensation Benchmarking

      Comparing internal compensation with market standards to ensure competitiveness.

      21. Workforce Segmentation

      Categorizing employees based on roles, skills, demographics, tenure, or performance patterns.

      22. HR Dashboards

      Visual analytical reports that display HR metrics using charts, KPIs, and filters.

      23. People Data Governance

      Policies ensuring ethical, secure, and compliant handling of employee data.

      24. Sentiment Analysis

      Using AI/NLP to analyze employee feedback, surveys, or conversations to detect emotions or concerns.

      25. Organizational Network Analysis (ONA)

      A method to study collaboration patterns and informal communication networks within the workplace.

      26. Succession Analytics

      Evaluating readiness and availability of talent for key future leadership roles.

      27. Diversity, Equity & Inclusion (DEI) Metrics

      Analytics tracking gender ratio, minority representation, pay gaps, inclusivity surveys, etc.

      28. HR Scorecard

      A balanced scorecard integrating HR metrics with business goals and outcomes.

      29. FTE (Full-Time Equivalent)

      A standardized measure used to calculate workforce capacity (1 FTE = full-time hours).

      30. Predictive Workforce Planning

      Using forecasts to plan hiring, skill development, automation needs, and future organizational design.