Question

"HR analytics is a methodology for creating insights on how investments in human capital assets contribute to the success of four principal outcomes: (a) generating revenue, (b) minimizing expenses, (c) mitigating risks, and (d) executing strategic plans. This is done by applying statistical methods to integrated HR, talent management, financial, and operational data"

Answer 1

The statement is: True.

Step-by-step explanation:

Global Vice President and Chief Expert at SAP SuccessFactors Mick Collins stated: "HR analytics is a methodology for creating insights on how investments in human capital assets contribute to the success of four principal outcomes: (a) generating revenue, (b) minimizing expenses, (c) mitigating risks, and (d) executing strategic plans. This is done by applying statistical methods to integrated HR, talent management, financial, and operational data".

HR Analytics is a methodology and an analytical data process that allows obtaining quality evidence to take organizational decisions related to Human Resources (HR). HR Analytics consists of gathering employees' information to analyze them through complex procedures that could help managers to take strategic decisions.