International Journal for Recent Development in Science and Technology

In the rapidly evolving banking sector, technology and HR analytics have emerged as pivotal tools in transforming human resource management practices.This paper explores the integration of advanced technology and data analytics within HR functions in banking institutions.By leveraging technology, banks are enhancing their talent acquisition processes, optimizing employee performance management, and fostering data-driven decision-making.HR analytics, in particular, provides actionable insights through data-driven metrics, allowing for more strategic planning in areas such as recruitment, employee engagement, and retention.This study examines case studies of leading banks that have successfully implemented these technologies and analytics, highlighting the benefits such as increased operational efficiency, improved employee satisfaction, and better alignment of HR strategies with organizational goals.Additionally, the paper addresses the challenges associated with the adoption of these technologies, including data privacy concerns and the need for upskilling HR professionals.The findings underscore the transformative impact of technology and HR analytics on the banking sector, offering recommendations for institutions seeking to harness these tools for competitive advantage and enhanced workforce management.

Publication Details

Published
2025-03-01
DOI
https://doi.org/10.48047/ijrdst/v8/i12/06
Primary Topic
Academic Publishing and Open Access
Type
article
Field-Weighted Citation Impact
0.00
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article

International Journal for Recent Development in Science and Technology

Academic Publishing and Open Access
article

International Journal for Recent Development in Science and Technology

article en

Abstract

In the rapidly evolving banking sector, technology and HR analytics have emerged as pivotal tools in transforming human resource management practices.This paper explores the integration of advanced technology and data analytics within HR functions in banking institutions.By leveraging technology, banks are enhancing their talent acquisition processes, optimizing employee performance management, and fostering data-driven decision-making.HR analytics, in particular, provides actionable insights through data-driven metrics, allowing for more strategic planning in areas such as recruitment, employee engagement, and retention.This study examines case studies of leading banks that have successfully implemented these technologies and analytics, highlighting the benefits such as increased operational efficiency, improved employee satisfaction, and better alignment of HR strategies with organizational goals.Additionally, the paper addresses the challenges associated with the adoption of these technologies, including data privacy concerns and the need for upskilling HR professionals.The findings underscore the transformative impact of technology and HR analytics on the banking sector, offering recommendations for institutions seeking to harness these tools for competitive advantage and enhanced workforce management.

Vol. 08(12)
Industry, innovation and infrastructure, Partnerships for the goals
Openalex Percentile: Top 95%
Academic Publishing and Open Access
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