New Data Driven HR Strategies

Understanding New Data Driven HR Strategies Views  Theoretical Underpinnings The theoretical underpinnings provide a platform for human resource professionals to envision, design, and implement data-driven initiatives. By combining these models, a thorough understanding of how data analytics may be aligned with HRM objectives is established, ensuring the ethical, efficient, and strategic use of data for human capital management inside organizations. Resource-based View (RBV) The organization places a strong emphasis on the resource-based view (RBV), which holds that a company's long-term competitive advantage stems from its unique resources and capabilities. When applied to data-driven HR initiatives, RBV is compatible with the premise that human capital, as a valued resource, significantly adds to an organization's competitive advantage ( Otubanjo, 2010 ). Human resource departments may use data analytics to discover, grow, and maximize this priceless asset. HR analytics, for ...

Understanding New Data Driven HR Strategies  With the integration of data analytics into HRM, recent years have seen a paradigm shift in how organizations approach talent management and employee engagement. Data-driven human resource strategies include a rigorous approach to acquiring, assessing, and interpreting data to make well-informed choices that maximize the workforce's effectiveness, output, and efficacy, as well as the organization's overall performance ( Khan, 2020 ). Data collection and integration: Data-driven human resources (HR) strategies use a variety of information sources, including performance measurements, employee demographics, feedback, recruiting statistics, and external market trends ( Dearborn and Swanson, 2018 ). Human resources experts may get complete insights into numerous facets of the workforce by merging these disparate data sets. Insights for informed decision-making: The primary goal of data collection in human resources is to obtain useful i...

Introduction of Data Driven HR Strategies Source: HROne.cloud Introduction of Data-Driven HR Strategy The influence of technology developments on the content and arrangement of work is a recurring theme in many publications. Advances in information and communication technology (ICT) are reshaping internal organizational design and necessitating new types of employee capabilities and behavior. As will be illustrated, ICT developments create a heightened level of business and market dynamics. Arguably, these dynamics affect the required capabilities and behavior of employees even more strongly. Similarly, the way businesses are operating, and customer, supplier, and business partner relationships are formed, is also affected by the rapid ICT progress. Key drivers shaping the new business context will be addressed. This paper argues that the trends and developments illustrated necessitate revision of traditionally held beliefs and paradigms. Said revision has important implications fo...