The objective of the conceptual paper for analysing the opportunities and challenges of HR Analytics for reducing the attrition rate in the organization. The paper highlighted the important reasons of high attrition in different type of organizations and the effective approaches by the respective organizations for reducing attrition rate. Employee attrition is one of serious issues in the current corporate scenario as it impacts on the organizational image, values, culture, reputation, and job satisfaction. Moreover, high attrition is related to high cost for any organization. This research intended to explore employee attrition and finding out gaps in work and improve in those areas for reducing attrition accordingly. The sources of data used are both primary & secondary. HR Managers of select organizations were requested to share the recent trends with the usage & applications of HR Analytical tools. The data was collected by conducting personal interactions over telephones as primary source. Journals & research articles in the domain of HR analytics were used to get better insights. Effective recruitment structure, working environment and Employee Engagement is created. Though the prediction by HR Analytics is a challenging job but there are many methodologies which can change the look of the organization and HR team can measure and predict the gap for attrition. This research paper explains the analytical process for reducing attrition and importance of utilization of HR Analytics.