HR Analyst: Definition & The Role’s Importance

In today's competitive landscape, businesses constantly seek new ways to enhance their effectiveness, increase their revenues, while simultaneously reducing their costs. 

To achieve this, they integrate data analysts into their workforce to collect and analyze the vast amount of data at their disposal.

Many companies in recent years have modernized and gained significant advantages thanks to the work of data analysts. One of the sectors growing rapidly and where data analysts are actively involved is, of course, the HR (Human Resources) department.

In this guide, we will delve into the following in detail:

- What is an HR Analyst

- The significance of their role

- Their key responsibilities

- The salary associated with this role

But before we delve deeper, let's start with a basic definition.

 What is an HR Analyst and What is the Significance of Their Role?

An HR Analyst is a professional responsible for collecting, managing, and analyzing human resources data to create reports, draw conclusions, and streamline critical business processes. 

A crucial part of their work involves conducting research, gathering statistical data, and regularly updating managers and directors of an organization about the status of questions, issues, and challenges that may arise.

HR analysts play a significant role within the operating business, assisting in decision-making based on data and ensuring that decisions yield the expected results. Through the creation of a strategic HR planning, they optimize the performance of organizational functions while simultaneously saving valuable time, money, and resources.

Having covered some fundamental aspects of the HR analyst and their significance, let's explore some of their key responsibilities.

 What Are the Key Responsibilities of an HR Analyst?

The responsibilities of an HR analyst in a business depend on the company, the position, and years of experience. In general, some of the key responsibilities of an HR analyst include:

   Responsibility #1: Data Collection

Initially, an HR analyst collects HR data from various sources. This information can come, for example, from surveys conducted among current employees of the company and the client base, as well as from historical employment data and interviews.

Once the data is organized, data cleaning is performed to eliminate any errors and to facilitate more systematic and effective analysis.

   Responsibility #2: Data Analysis

Subsequently, the HR analyst proceeds to analyze the data using various tools and programs such as Excel, Tableau, Power BI, Qlik, and SAP to develop meaningful conclusions based on the findings. They then prepare clear and precise reports of the findings and communicate the results and recommendations to HR managers.

   Responsibility #3: Support of HR Department Actions

A fundamental part of an HR analyst's work is to provide assistance to human resources employees regarding aspects of compensation, benefits, or employee training based on data.

Additionally, when necessary, they review and update job descriptions for attracting suitable candidates.

   Responsibility #4: Ensuring Compliance with Regulations

Although this role primarily involves extensive analysis, it usually requires an understanding of current human resources policies to make recommendations and ensure employee compliance with organizational policies based on data.

After exploring some basic elements of the responsibilities of an HR analyst, let's look at the salary one can expect in this position.

 What Is the Salary of an HR Analyst?

As expected, the salary of an HR analyst largely depends on the company, years of experience, skills, and the country of operation. 

In Greece, according to Glassdoor, the average salary for an HR Analyst is approximately €1,500 per month. 

In the United Kingdom, the average salary for an HR analyst is £37,422 annually. However, in the United States, the salary for an HR analyst is significantly higher. 

According to Glassdoor, the estimated total compensation for an HR analyst in the United States is $80,563 annually, with an average salary of $75,149 annually.

 In Summary

We have extensively discussed what an HR analyst is, what their responsibilities entail, and what their salary is. 

If the field of data analysis is the path you are considering, then Big Blue offers you the opportunity you are looking for, so read more related articles on our blog!

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