A Study on The Role of Hr Analytics in The Decision-Making Process in A Home Appliance Manufacturing Sector in Pune

Abstract

For a business to thrive in today's cutthroat marketplace, every employee must be able to contribute to the fullest extent of his or her abilities. Human resources remain one of the most crucial differentiating factors a firm may use for competitive growth and value creation in such an environment. Organizations see human capital as a key driver of economic and corporate development as well as a source of competitive advantage. Present organizations are facing competition rival continuously due to changes in technology and the business environment. Today's HR professionals recognize that dealing with data alone is insufficient, but it's also critical to grasp other metrics that might benefit firms. As a result, several HR departments from different firms have already started using analytics, and they are performing rather effectively. This study is aimed at finding the impact of the HRA process on decision-making, the advantages of using HRA and its threats, and the way it is being used in home appliance manufacturing industries. The evaluation of the major influence that the HR analytics process has on the decision-making processes is the primary purpose of this research. The current investigation operationalizes four separate decision-making processes, which are as follows: the descriptive analytics decision-making process; the diagnostic analytics decision-making process; the predictive decision-making process; and the prescriptive decision-making process.