Talent Analytics for Organizations of 21st Century

Abstract

Organizations have since long tried to overshadow each other in a competitive bid by being unique and available to stakeholders. Personnel department is one the most significant function yet mostly ignored, recently took notice as one a strategic and effective game changer. It has been entrusted with the most crucial function of acquiring the talent resource pool, training and development, performance appraisal or else, for performing various strategic roles under the ambit of the organizational vision. Advanced technological systems have however added credibility and value to its functions tracing the roadmap for organizational success limiting the chances of failure attached with intuitive judgments. Analytics have brought a significant difference bringing an element of quantifiable outcome and predictability to enhance performance and productivity of work force. Recently it has grabbed the attention of top management in developed countries and gradually taking a front row in developing countries like India with nearly 32% following predictive analytics based people management models to gain useful insights about employees from immense historical or current data for synchronizing and personalizing in the mutual interest of both the employees and employers. The paper highlights the impact of organizations using data analytics and their practices. Moreover it also outlines the opportunities and challenges faced by such organizations in implementation and set up like top management approach and training the employee mind set and skills set equally for achieving the expected outcome.