Conceptualizing the Importance of HR Analytics in Attrition Reduction

Abstract

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