IMPACT OF MEASUREMENT DRIVEN HR STATISTICS ON STRATEGIC HUMAN RESOURCE MANAGEMENT FUNCTIONS ON ORGANIZATIONAL PERFORMANCE IN INSURANCE INDUSTRY
Abstract
There is a gap between readiness and importance in HR statistics sphere. Even though importance is there for business firms, there is a capability gap for measuring tools of HR outcomes and firms’ performance due to poor data quality lack to skills and inability of change (Tohmatsu, D. T., 2015). Despite the significant interest in human capital analytics (HCA), firms have tried to shift from operational reporting to data driven statistical tools which is now commonly used as Human Capital Analytics. This is mainly the result of the inability of involved teams to establish credible internal mechanisms and demonstrate capability and adding its value to the firm. This research will study the importance of establishing the impact of data driven statistical approach on organizational performance and suggest a method for its operationalization within a firm which requires working with related dimensions such as data quality, analytical competencies, and strategic ability to act and respond whilst focusing on people, process, and structure.
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DOI: http://dx.doi.org/10.46827/ejsss.v5i3.861
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