Key Takeaways:
- Advanced HR dashboard software aids in monitoring performance, making informed decisions, and strategic workforce planning.
- Know about the top HR dashboard templates, understand essential features, and leverage key performance metrics.
- Opt for HR dashboard software with a focus on user-friendliness, customization, and robust analytics to streamline business processes.
The HR domain is evolving rapidly. And the rise of HR software is startling proof! The global HR software market is projected to expand at a CAGR of 10.26% and reach USD 38861.55 million by 2027.
Looking for HR Software? Check out SoftwareSuggest’s list of the best HR Software solutions.
Using advanced HR dashboard software enables businesses to monitor employee performance, make informed choices, and engage in advanced workforce planning.
Let’s take a look at the top HR dashboard templates, understand their crucial features, and learn about the key KPI metrics. We’ll help you with ways to choose the right HR dashboard software.
What Is An HR Dashboard?
An HR dashboard is a business intelligence platform that helps human resource teams track, examine, and display HR key performance indicators (KPIs).
Prioritize regularly updating your HR dashboard with relevant KPIs to stay alert in responding to changing business needs. Customization, user-friendliness, and analytics are key factors in selecting the right platform, ensuring your HR dashboards remain powerful tools for strategic workforce management.
Modern HR dashboards are generated using specialized HR analytics software crafted to harness advanced technology. It enables extensive analysis from within the dashboard and seamlessly integrates data from multiple systems. With this strategy, HR departments can quickly gain valuable insights to improve the hiring process, streamline workplace management, and boost employee productivity.
Top 10 HR Dashboard Templates Examples
The adaptability of HR dashboards allows them to be tailored to specific requirements. We will explore some typical HR dashboard examples in the following section.
1. Executive HR Dashboard
Executives in human resources need to be able to quickly review and evaluate critical KPIs that are compiled together. Top-level metrics are displayed in this template, including the distribution of employees by roles and locations and important ratios like the distribution of genders and training statistics.
HR staff can get a thorough overview of data related to core HR tasks and processes by using executive dashboards designed specifically for HR needs. These dashboards offer a broad overview of the general progress and well-being of a business.
Source : qlik
The KPIs included in this kind of HR dashboard often include:
- Quantity of employees categorized by role
- Quantity of employees distributed across various locations
- Ratios reflecting employee gender distribution
- Employee turnover rate
- Average salary figures
2. Employee Performance Dashboard
Dashboards for employee performance are essential for HR departments and business managers to understand the productivity, satisfaction, and accomplishment levels of their employees. HR managers can offer salary information based on individual ratings and the number of engaged employees categorized by performance to evaluate the relationship between pay and performance. These dashboards cover a wide range of information, like target achievement progress, customer satisfaction ratings, sales statistics, and more. It can include information about the length of employment and the salary of the employees.
Source : qlik
3. Employee Development Dashboard
The most important resource in any company is its workforce. Metrics from an HR leadership training program, like completion percentage, hours spent, and related expenses, are displayed in this HR dashboard image. To analyze the data according to different dimensions like department, program, gender, and other aspects, users can engage with dynamic displays.
Source : qlik
You May Also Read: 15 Proven Ways To Improve Employee Morale in 2024
4. Workforce Diversity Dashboard
HR professionals can look into demographic data in greater detail using an interactive dashboard, focusing on specific elements like ethnic diversity. This HR metrics dashboard provides an overview of the workforce by classifying employees by ethnicity and further segmenting the information based on nation and pay.
Source : qlik
5. Turnover Dashboard
Turnover dashboards are a useful tool that the HR department can employ to look into issues around staff retention and departure in detail. This HR metrics dashboard also provides vital information on how well businesses retain their employees.
Important key performance indicators (KPIs) for this analysis include
- Turnover rate
- Attrition rate
- Turnover rate categorized by demographic factors
- Cost of turnover per individual
Source : hibob
6. Performance Management Dashboard
The performance management dashboard is a valuable tool for supervisors to evaluate their team members’ performance. A performance management dashboard lets you evaluate the performance of teams and individual workers by looking at a range of data, like average length of service, average overtime hours, average involuntary turnover, and employee productivity.
Source : boldbi
7. Workforce Demographics Dashboard
HR managers aim to maintain a diverse and balanced workforce. In order to accomplish this, they need to have an extensive understanding of the demographic details of their employees.
The HR workforce demographics dashboard enables HR teams to make well-informed decisions about workforce diversity and inclusion by enabling an in-depth analysis of data in relation to age, gender, location, department, and ethnic groups.
Source : qlik
8. Recruiting Dashboard
The recruiting dashboard is an essential tool in the hiring phase of the employee lifecycle. It provides vital information that helps HR evaluate the return on investment (ROI) of their recruitment efforts.
Key performance indicators (KPIs) like the number of vacant positions, the number of applications, the number of recent recruits, the time taken to fill positions, the state of the recruiting funnel, and the acceptance rate of offers are all included in this dashboard.
Source : hibob
You May Also Read: 15 Best HR Practices for a Thriving Workplace
9. Gender Salary Comparison Dashboard
HR experts can use an interactive dashboard to conduct extensive research and evaluation of a specific factor.
In the gender salary comparison dashboard example, the comparison of average salaries based on gender is broken further, considering factors like management positions, employee tenure, and country.
Source : qlik
10. Women In the Workforce Dashboard
A professional in HR can use a dashboard to look at how a specific demographic is represented in the workforce. This example shows how data visualization helps to provide detailed information about gender distribution by job roles, countries, and managerial positions.
Source : qlik
What Are The Key Features Of An HR Dashboard?
Modern HR dashboards go beyond tracking key performance indicators (KPIs) and envisioning data. Here are some key features to evaluate when choosing an HR dashboard software:
1. AI-Powered Augmented Analytics
The use of AI and alerting features to improve the context of modern dashboards is one of the major developments in business intelligence tools and data. These dashboards are evolving into collaborative hubs that display insights and serve as centralized repositories for distributed data.
2. Integration with All Data Sources
An ideal HR dashboard should enable you to easily combine and analyze data from all people analytics systems and apps, including HCM, payroll, compliance, recruiting, learning, and LOB.
3. Automated Alerts and Reports
You can set up your HR dashboard to be automatically shared with key stakeholders regularly and receive alerts based on KPIs. This can help ensure your team stays on top of critical HR metrics.
4. Mobile-Optimized Design
Look for an HR dashboard optimized for touchscreen functionality and can be accessed from any device. This will allow you to stay on top of HR metrics and trends even when you are on the go.
5. Streamlined Data Preparation
A modern people analytics platform should offer an interactive HR dashboard that requires minimal data preparation. This will allow you to identify ways to better manage staffing, development, compensation, safety and health, and employee and labor relations.
HR Dashboard KPIs
A thoughtfully chosen set of key performance indicators (KPIs) makes it easier to examine and assess the employees swiftly and methodically. These important HR metrics should be taken into consideration for three main areas of HR analytics dashboard management: hiring, compensation, and workforce management.
Source : excelkid
Hiring KPIs
- Hiring quality
- Rate of open positions
- Rate of employee turnover
- Rate of resignations/retirements
- Rate of hiring externally
- Duration to fill vacancies
- Ratio of diversity, experience, and gender in hires
- Metrics for the recruitment process
- The ratio of talent brought in and sent out
- Voluntary departure rate
- Rate of retaining employees
- Cost of recruiting per new hire
- Projected rate of retirements
Compensation KPIs
- Operational cost rate for HR functions
- Cost of labor per full-time equivalent (FTE)
- Percentage of revenue attributed to labor costs
- Percentage of expenses related to labor costs in revenue
- Percentage of total benefits in relation to labor costs
- Revenue generated per full-time equivalent employee
- Profit compared to the compensation per full-time equivalent employee
- Return on investment for human capital
- Cost of HR functions per individual employee
Workforce Management KPIs
- ROI for outsourcing
- Open or closed employee grievances
- Rate of employee absenteeism
- Effectiveness of human resources
- Employee satisfaction levels
- ROI for training
- Rate of successor readiness
- Composition of the workforce by gender, experience, and tenure
- Rate of employee promotions
- Rate of succession planning success
- Index of managerial quality
- Time taken to achieve productivity
- Rate of internal employee mobility
Choose The Best HR Dashboard Platform
When it comes to a reliable human resources dashboard platform, one of the crucial decisions to be made while embarking on HR dashboard implementation is the choice of the provider. The importance of HR dashboard templates can be best understood when streamlining business processes.
Some key factors to consider when selecting an HR dashboard software include:
1. User Friendly And Intuitive
As dashboards are used regularly, it is essential to choose a vendor whose dashboards are not only interactive but also visually appealing and easy to use.
2. Customization
Select a platform that makes it possible to create dashboards that are specifically tailored to your organization’s requirements.
3. Analytics
In today’s world of revolutionary technology, HR dashboards can do more than just display HR data. They can do HR reporting, analyze, and generate insights from the data.
Wrapping Up
HR dashboards are an effective resource for HR departments. They are business intelligence systems that provide easily customizable, intuitive, and data-driven solutions.
These best HR dashboards, which demonstrate a variety of templates, are essential for tracking and enhancing key HR performance metrics. Selecting a suitable HR dashboard platform is crucial for streamlined and effective business operations.
An HR dashboard can help HR professionals make more informed decisions, identify potential issues, and streamline their reporting processes. An HR dashboard can be a valuable tool for any HR team by providing real-time insights and visualizations of key HR metrics.
A human resources department dashboard is a powerful business intelligence tool that can simplify HR management by consolidating all the necessary information into one central location. By doing so, HR professionals can more easily perform their duties and increase revenue for your business. Here are 8 key benefits of implementing a human resources department dashboard:
- Centralize Data from Multiple Sources
- Simplify Payroll and Benefits
- Streamline New Hire Paperwork
- High Adoption Rates
- Track Time, Attendance, and Employee Activity
- Minimize Systematic Errors
- Improve Budgeting and HR Reporting
- Reduce Paperwork Burden
Small businesses benefit greatly from implementing the best HR dashboards into their business strategies. The HR department can reap the rewards in various areas by doing so. An HR dashboard template can help measure the success of employee development, identify workplace and employee trends, improve recruiting strategies and results, boost employee satisfaction, and measure employee turnover and retention.
Implementing an HR dashboard may seem overwhelming, but starting with small steps can ultimately lead to business growth and numerous benefits for SMBs.
Priya is a seasoned writer with expertise in the SaaS industry. With over five years of experience in the field, she deeply understands the requirement of this specific industry, its techniques, and tools. Her articles, whitepapers, and blog posts are known for their clarity, practicality, and actionable insights. Priya also possesses in-depth knowledge of SEO and content marketing, which enables her to develop effective strategies to increase website traffic and improve brand visibility.
