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PGDM with human resource: Why HRM with Analytics has scope for every student?
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PGDM with human resource: Why HRM with Analytics has scope for every student?
  • Nov 06, 2024
PGDM with human resource: Why HRM with Analytics has scope for every student?

PGDM with human resources has a lot of potential compared to the past. Do you know why? With the integration of technology into human resource management (HRM), in fact, this skill has become more than just an advantage to the industry. Undoubtedly, it’s a necessity. 

According to a study by Deloitte, here are certain interesting facts about HRM and the role of tech in this dimension of work. With a pgdm with human resource, and analytics course, every HR professional can witness this kind of positive change. 

  • 72% of HR leaders consider the use of technology and analytics crucial for improving HR processes and decision-making. 
  • 75% of the total work cycle time for completion was reduced, which was great.
  • The HR found themselves having more time to run a talent and capability analysis to find out the multi skilled employees. 
  • This course was valued by the management and employees, as the world suddenly became more valued and interesting. 
  • About 11% of them noticed they contributed phenomenal things at work. This was possible with no extra pay but with recognition of their efforts. 

With tech, HR learned they needed to break down the conventional boundaries keep the workplace more family-like, and democratize people. It was possible because the tech could help them analyze data quickly and steadily. 

If you are an organization striving to make headlines across the globe, then you would need to hire staff who are well versed in Technology infused HRM with Analytics. We at Muthoot Business School focus on the quality of students we train every year rather than following the conventional curriculum in India. Our efforts have proved that we are the best mba schools in india through action always.

Why HRM with Analytics? 

The HRM with Analytics course offered at Muthoot Business School, one of the best mba institutes in india combines the core principles of human resource management along with cutting-edge analytical tools and techniques. 

Apart from theoretical knowledge, this approach prepares students to meet the demands of today’s digital workplace. The use of technology enables HR professionals to streamline their operations, predict workforce trends, and make data-backed decisions to drive organizational success.

 

7 Key Benefits of Studying HRM with Analytics 

By pursuing HRM with Analytics at Muthoot Business School, students will enjoy the following benefits:

  1. Smart Decision Making: With HR professionals who are well-trained in the best mba institutes in india, an organization can make better decisions on hiring, retention, and employee appraisal plans.
  2. Improved Talent Management: Using the best HR software, the professionals need not wait time to analyze the data every minute. This result can be generated in real time and with more accuracy.
  3. Efficient Workflow: When HR is backed by technology, it automates repetitive tasks like payroll processing. Furthermore, the HR teams can focus on strategic initiatives and not on everyday mundane tasks.
  4. Plan with Predictive Analysis: HR based predictive models help the management to think ahead on staff requirements, and talent training and fill the skill gaps efficiently.
  5. Nurturing Diversity and Inclusion: With a PGDBM HR with analytics course, companies can measure the extent of diversity metrics and give equal opportunities to all.
  6. Better Work Environment: Using software to understand sentiment analysis and employee feedback surveys, HR professionals can study workforce satisfaction, engagement, and retention plans.
  7. Cost-Effective HR Structure: Using smart HR personnel, who can manage the workforce using the right software, reduces costs and initiates more smart hiring. By using algorithms and predictive models, HR professionals can identify potential talent, forecast turnover rates, and measure employee productivity on one screen and in less time. 

What is the future and scope of pgdm in human resources?

The Future of pgdm with human resources with Technology is immense. At Muthoot Business School we have foreseen the future of HR is increasingly intertwined with technology. With the rise of artificial intelligence (AI), machine learning (ML), and digital transformation, HR professionals will be able to work on people-centric strategies. Simultaneously,  while leveraging data, they will be competent to present smarter decisions.

Let’s see a few International HR scenarios.

For example, IBM's AI-powered software, Watson, was a huge relief to HR departments. This application was their assistance to perform tasks like detecting employee happiness, and sentiments, recruiting the right talents, structuring training programs, developing skills, and ensuring teamwork and organizational togetherness.

There was yet another real-world example Google’s People Analytics team, that uses data to predict which employees are likely to quit. This has helped the HR team to proactively offer support, training, or new opportunities to retain their top talent. It is a smart move, but would it be possible without the intervention of technology?

 

Research Studies Supporting Technology in International HRM

According to a recent McKinsey study, HR departments that adopt AI and advanced analytics have improved the quality of hiring by 25% and reduced attrition by 17%. The report emphasizes that about 30% of the work could be automated by 2030 and organizations utilizing technology in HR have more professional and data-backed HR functions,

A global study by PwC found that 74% of companies are increasing their HR technology budgets, with a particular focus on data analytics and AI-driven decision-making. This helps organizations worldwide to streamline their HR processes and offer more strategic value.

 

What to Keep in Mind While Opting for HRM with Analytics?

If you are on a search for the best mba institute in Bangalore, then as a student you need to understand that this course goes beyond traditional HR roles.  Apart from theories, we include data analytics, statistical methods, and how analytics can be optimally in real-world HR scenarios. So, if you are ready to learn new things with an open mind and give your career a fresh turn, then this is for you. More than PayScale fixation and maintaining attendance records, learning tech-backed PGDBM HR courses can place you in leadership roles.

 

Why Muthoot Business School?

Muthoot Business School stands out as India’s leading neo-tech business institution. Offering a variety of electives like Metaverse, Agile and Scrum, AI, ML, and Digital Transformation, the school prepares students for the future of work. It’s the only business school in the country that integrates next-generation technology into its curriculum, ensuring that students are well-equipped to handle the challenges of tomorrow’s business world.

The school’s experienced faculty, state-of-the-art learning facilities, and focus on practical learning make it the perfect choice for those looking to advance their careers in HR. For students looking to stay ahead in a competitive job market, this course offers the perfect blend of traditional HR practices and modern technology. If you want to explore how HR and analytics can shape your career, reach out to our education experts at Muthoot Business School today for more details on the course.