HR Analytics: A Literature Review and New Conceptual Model in Banking Sector of Pakistan

Abstract

Employee analytics is a recent development in the corporate world that emphasizes the tactical value of the field of HRM for high-level executives. This essay aims to accomplish the following five goals: 1) Definition and significance of HR analytics; 2) HR analytics procedure; 3) HR questions that may be addressed by HR analytics; 4) new model for HR analytics; and 5) HR analytics obstacles. A structured 5-point liker scale questionnaire was circulated amongst employees of banking sector and the HR department of banking sector in Pakistan. To develop and evaluate the data  (PLS-SEM) was used on the SMART PLS software. In this research, purposive sampling technique was used as the study revolved around gathering data from the selected individuals based on the predetermined criteria. Since it covers topics such as definitions, significance, procedure, models, difficulties, etc. within HR analytics, this study is conceptual in nature. HR analytics is the use of sophisticated statistical methods and research designs. Tools for conducting fact-based data analysis on HR data in order to spot issues or draw long-term conclusions about HR-related issues. Many academics have noticed that HR analytics play a crucial role in helping a corporation obtain an edge over its competitors.