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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.
