A key role for HR administrators is talent management. When counselors have the HR support, it enables them to work effectively with clients and find the support they need themselves. Often challenges like staffing, talent management and employee relation are encountered by organizations. HR decision relates to employee welfare and engagement. Now-a-days, organizations include payroll costs, benefits administration, HR administration, talent management and time and preference. Although at midsize companies, many HR leaders cannot identify these areas and when midsize companies start to identify them, it will enable their workforce to achieve broader company goals.  Read more at:                                                 http://blog.adp.com/2015/05/07/the-real-human-impact-of-human-capital-management/

According to Gene Pease, CEO of Vestrics, "The power of predictive analytics is you can understand where your investments are working". In the last few years, the idea of hiring, retaining and training employees has been a foreign concept for many companies due to the downsizing. Thus, predictive analysis in collaboration with HR is proving to be one of the ways managers are modernizing with their hiring and engagement practices. Organizations can thus create the profile of workers that should fill a particular position. According to writer Anne Loehr, "The biggest benefit is that predictive analytics can help remove human bias". Thus customized on-boarding and leadership development programs may evolve out of predictive analytics in the near future.  Read more about this article at:  http://fieldservice.com/2015/05/26/predictive-analytics-a-magic-bullet-for-field-service-hiring-managers/

Investing in talent management software can assist HR professionals in gathering and analyzing the data of employees. Applying big data analytics to measure employee performance can help organization to find strength and weakness of their employees e.g. many companies use wearable tech to improve communication within its stores, to track employees when they're at work. Employee satisfaction surveys, team assessments, social media, exit and stay interviews etc. can help HR to predict employee's attrition. Conducting performance appraisals and 360-degree performance reviews can help HR in better understanding the effectiveness of their professional development efforts. Big data analytics can be an advantage while hiring employees. Read more at: http://www.entrepreneur.com/article/244247

The latest development in the use of data and analytics is: Advanced HR Analytics. It is the application of new techniques and new thinking to talent management. It involves human resources and has a huge impact on an organization. Various organizations are already using it for following purposes:

·         Increasing the engagement and productivity of their employees

·         Reducing compensation expenditures

·         Reducing retention bonuses by $20 million

·         Reducing employee attrition by half

·         Detecting previously unobserved behavioral patterns

The insights that these companies have gained from data analytics are highly useful. Risk is always involved where there is a human element. But, developing data analytics to drive better people decisions can help companies compete in a better way.

To know more, read the following article in March 2015 edition of McKinsey Quarterly by Bruce Fecheyr-Lippens, Bill Schaninger, and Karen Tanner:

http://www.mckinsey.com/insights/organization/power_to_the_new_people_analytics