Abstract
In recent years, the term “HR analytics” and metaverse in HR have become prominent and have progressively been used in organisations as a systematic approach. Some organisations that have adopted the use of metaverse and analytics in their HR departments have been extremely successful. The current chapter strives to attain some objectives; namely, explore the meaning of HR analytics, its importance and benefits, the kinds of HR analytics, the meaning of metaverse, and the role of HR analytics and metaverse in employee engagement and employee turnover. This chapter will include a theoretical analysis to attain the mentioned objectives. The goal is to provide a holistic picture and discuss some aspects like definitions, importance, benefits, types, etc., under HR analytics and the aspects (meaning, role, and benefits).of the metaverse. The use of HR analytics and metaverse have reformed the performance of workforce and escalated efficiency in business, reforming the quality of recruitment, talent management, employee productivity, employee engagement, and diminishing employee turnover.
TopIntroduction
The dynamic role of human resources (HR) has lately been taken over by Human resource management (HRM). HR departments are no longer considered a subset of a company generated solely for the reason of recruiting and terminating staff members (Nishii, Lepak and Schneider, 2008). Human resources, an organisation's most valuable asset, have the tendency to offer competitive advantages over time. The field of HRA has been around for a while, but its popularity has only recently grown. Workforce, talent, human capital and people analytics are other terms for HR analytics (Tursunbayeva, Lauro and Pagliari, 2018), which is used interchangeably by academics and the business world. The link amid analytics and human resource management is obvious, although human resource management is late in joining the data analytics trend (Sharma and Sharma, 2017). HR analytics is the result of unifying and merging human resource metrics and business analysis in general.
HR enters the metaverse, and it has an essential role in aiding the combination of virtual environments into Human resource (HR) practices. This includes overseeing virtual reality in recruitment and remote onboarding processes, developing virtual training and development programs, and fostering a sense of virtual community and employee engagement. The purpose of HRA is to improve decisions about people to enhance individual performance and/or organisational performance by applying a methodology and integrated process (Bassi, 2011). The key goals of this article is to identify the meaning of HR Analytics, benefits & types of HR Analytics, what is the role of HR Analytics in employee engagement & employee turnover intention?, what is metaverse and the role of HR in metaverse?
A brief overview of HR analytics is presented in this article, along with its importance, types, various latest definitions from existing sources and strive to put them altogether in an efficient manner. The study consists of four sections. The first is the introduction, the second describes the HR Analytics, additionally, the third section is devoted to the HR analytics roles in employee engagement & employee turnover intention, and the fourth section has included what is Metaverse? and what is the role of HR in Metaverse? The conclusion, limitations, and future direction are also mentioned eventually in this chapter.
Key Terms in this Chapter
HR Analytics (HRA): HR analytics is the collection and application of talent data to improve critical talent and business outcomes.
Employee Engagement: Employee engagement is a human resources (HR) concept that describes the level of enthusiasm and dedication a worker feels toward their job.
Turnover Intention: Turnover intention' refers to an employee's willingness or intention to voluntarily quit their job or leave an organization.
Human Resource Management (HRM): Human resource management is the strategic approach to nurturing and supporting employees and ensuring a positive workplace environment.
Metaverse: The metaverse is a digital reality that combines aspects of social media, online gaming, augmented reality (AR), and virtual reality (VR) to allow users to interact virtually.