Talent Analytics as an Indispensable Tool and an Emerging Facet of HR for Organization Building

Abstract

The relevance and prominence that managing big data and streamlining it for effective interpretation with support of tools like talent analytics has upsurged gigantically. In today's competitive environment where managing human capital has become the need of hour, not only as a policy matter but a reason for survival to an analytically supported talent analysis that can help organization to build upon its human capital. Today's almost every growing organization prioritizes this as one of the most important agenda of their competitive and growth strategy. It is also evident that, though not every organization has understood and worked upon or else is supported by predictive or prescriptive sort of analysis but still building upon it is the only future option and alternative available to ensure success. Talent analytics ensures and assures a successful and employee driven culture HR organizations since it will result into doubling the employee talent engagement, improve revenue, and dramatically increase almost every business measure by making better people decisions. Understanding the relevance and challenge that big data has brought to organization, it has become imperative that managing big data and analyzing the problem and devising strategy to overcome the same has become significant. This is an effort to conceptualize the role that talent analytics can play in effective assessment, retention, forecasting the need and preparing the workforce and organization matching with its long term goals. It will also emphasize on role that talent analytics plays in providing a competitive advantage to the firm for effective organization building.