Leveraging HR Metrics and Workforce Analytics: The Road to Organizational Efficacy

Introduction

In India, the manufacturing sector is growing rapidly and is vital to economic growth and job creation. To compete, companies must hire and retain new and existing personnel to improve manufacturing potential. Recruitment and selection are crucial to hiring the appropriate individual at the right moment. Quantifiable findings are needed to assess a recruitment and selection process's correctness and reliability. HR metrics assess and evaluate organizational recruiting and selection processes (Durai D, S., et al., 2019). They also help make operational and strategic recruitment and selection decisions, making this study important.

Globally, HR departments are making evidence-based decisions to improve business activities. HR decisions are crucial to organizational decision-making. HR used to make qualitative decisions. The world is moving toward quantitative, evidence-based decisions. This research seeks to identify the key markers of organizational recruiting and selection effectiveness.

The most valuable asset in any firm is its people. When a company hires the right people, it improves results, retains employees, and achieves long-term goals. The recruitment and selection process ensures the right people are hired and promoted. In the recruiting process, recruitment is followed by selection and placement. Subhashini D, et al., (2022) state that an organization selects applicants with the highest qualifications to meet job requirements, taking into account environmental factors. The procedure separates acceptable applicants, who are more likely to succeed, from unsuitable ones. The selection procedure seeks candidates with the skills and credentials to perform the job.