Impression of Financial Measures in HR Analytics
Journal Title: International Journal of Interdisciplinary and Multidisciplinary Studies (IJIMS) - Year 2014, Vol 2, Issue 1
Abstract
In today‟s competitive world, business is all about investments and revenues. Every function of business can be calculated in numbers, then why should HR be left behind. The paper explains how financial measures help the HR mangers to justify every investment made to human resource project. The gap has been filled with the help of HR analytics which transform the raw HR data into insightful information with help of financial measures. HR analytics designed with financial measures helps the Senior HR management to quantify the value of human resources which justifies the investments backing up with the hard reliable evidence. Financial measures along with HR analytics help the HR management to produce net benefits gained from the initiative. This paper gives the overview on how financial measures aids the HR managers to justify the investments made on the human resource projects.
Authors and Affiliations
Weena Yancey M Momin , K. Mishra
Keywords
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