Best HR Analytics Tools
Keka, Qandle, Wallet HR, Akrivia HCM, PeoplesHR, and TalentSoft are considered the top HR analytics software solutions. These HR analytics tools offer a diverse set of features and can greatly improve employee management.
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List of 20 Best HR Analytics Tools
Category Champions | 2024
Tools by Papaya Global
Papaya Global is a people analytics platform that aids companies in the more efficient management of their global workforce. It is comparable to having a centralized HR platform that can automate all of your HR procedures and give you insightful data on your employees. Papaya Global can assist you in making data-driven decisions regarding your employees using artificial intelligence and machine learning technologies. Read Papaya Global Reviews
Explore various Papaya Global features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Papaya Global Features- Employee Self-Service Portal
- Multi-Country
- Performance Management
- Workforce Management
- Leave & Absence Reporting
- Document Management
- Dashboard
- Vacation/Leave Tracking
Pricing
Papaya Global Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Category Champions | 2024
Complete employee experience platform
Keka HR is a solution for HR analytics that aids companies in more effective HR management and workforce decision-making. It's similar to having a digital human resources manager who can automate processes, improve workflows, and offer insights into your personal data. You can manage employee data, monitor time and attendance, process payroll, and handle benefits administration all on one platform with this HR analytics software. Read Keka Reviews
Explore various Keka features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Keka Features- Back Office Assistance
- Data Import / Export
- Self-Appraisals
- Candidate Management
- Internal HR
- Resume Parsing
- Data Security
- Biometric Attendance Management
Pricing
Foundation
$ 97
Upto 100 Employees
Strength
$ 194
Upto 100 Employees
Keka Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Category Champions | 2024
Commitment delivered
Wallet HR is the latest software for HR analytics that is created to assist small and medium-sized organizations in managing their HR operations more effectively. It's similar to having a virtual HR assistant that can automate processes, monitor employee data, and offer insightful statistics on your team. You can track crucial indicators like employee turnover, retention, and engagement thanks to the real-time analytics and reporting it offers. Read Wallet HR Reviews
Explore various Wallet HR features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Wallet HR Features- Attendance management
- Online Punch Card
- Expense Management
- Overtime Tracking
- Analytics
- Grievance Management
- Interview Management
- TDS Calculation
Wallet HR Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Category Champions | 2024
Make smarter data driven decisions
Qandle is an HR analytics platform created to assist companies in making data-driven decisions about their employees. With Qandle, you can monitor important statistics like employee retention, headcount, and pay, as well as create tailored reports and dashboards that give you information on the composition, productivity, and engagement of your workforce. Additionally, Qandle enables you to automate processes like data input, freeing your time for more strategic HR projects. Read Qandle Reviews
Explore various Qandle features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Qandle Features- Online resignation
- Pay Slip
- Project Management
- Reporting/Analytics
- Reimbursement Management
- Review Cycle Tracking
- Multi-Tiered Commissions
- TDS Calculation
Pricing
Foundation
$ 1
Employee/Month
Regular
$ 1
Employee/Month
Plus
$ 1
Employee/Month
Qandle Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Category Champions | 2024
World's Most Powerful HR and Payroll Software
HRMantra is the World's most feature rich HR and Payroll software helping automate the most complicated of hire to retire HR processes easily using its CRORES of ready to use features. It saves 30 min per emp per day giving over 10 times ROI. 100% project success assured. Read HRMantra Reviews
Explore various HRMantra features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all HRMantra Features- E-forms
- Interview Scheduling
- Grievance Management
- Event Calendar
- Talent Management
- Employee field customization
- Knowledge Management
- Events & Reminders
HRMantra Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Category Champions | 2024
Work Management & Performance Tracker
TrackHr is here to help you manage your business efficiently. With a growing business and expanding teams, the challenges to organize tasks and manage time to address wastefulness and inefficiencies also increase. TackHr solves all your business-related problems. Read TrackHr Reviews
Explore various TrackHr features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all TrackHr Features- Messaging
- Self Service Portal
- Employee Profile
- Task Management
- Trend Analysis
- Talent Management
- Mobile Access
- Scheduling
Pricing
Small Size
$ 2
Per User/Per Month
Big Size
$ 2
Per User/Per Month
TrackHr Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Tools by Qualtrics LLC
Qualtrics is one of the best and most robust HR analysis tools that may assist companies of all sizes in enhancing their HR procedures, streamlining their personnel, and remaining competitive in their market. Qualtrics is a fantastic option for firms trying to advance their HR procedures thanks to its user-friendly design, potent analytics features, and interfaces with other HR systems. Learn more about Qualtrics
Explore various Qualtrics features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Qualtrics Features- Feedback Collection
- Custom Survey URLs
- Data Analysis Tools
- Community Management
- Real Time NPS Tracking
Qualtrics Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
People analytics for business people
Visier People is a complete HR analytics platform that can assist organizations of all sizes in optimizing their personnel and HR procedures. Visier People is a fantastic option for firms wishing to advance their HR procedures because of its strong analytics tools, interface with other HR systems, and predictive analytics capabilities. Learn more about Visier People
Explore various Visier People features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Visier People Features- Talent Management
- Turnover Tracking
- Trend Analysis
- Predictive Modeling
- HR Metrics Library
- Leave & Absence Reporting
- Dashboard
- Succession Planning
Visier People Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Intelligent People Management
With IntelliHR, a powerful people analytics software, businesses can monitor important HR metrics like employee engagement levels, turnover rates, and workforce diversity. HR staff may anticipate possible problems and take action to fix them thanks to the software's insights into employee attitude. A selection of performance management tools, such as goal-setting, performance evaluations, and 360-degree feedback, are also available through IntelliHR. Learn more about intelliHR
Explore various intelliHR features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all intelliHR Features- Interactive
- Analytical Reports
- Dashboard
- Enable Self Service
- Review Cycle Tracking
- Goal Setting / Tracking
- Visualization
- Compliance Management
Pricing
Employee Engagement
$ 4
Employee/Month (Annual Plan)
Performance Enablement
$ 6
Employee/Month (Annual Plan)
Strategic HR
$ 10
Employee/Month (Annual Plan)
intelliHR Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
The easiest way to get real business insights
Sisense, an HR analysis platform, offers a simple and straightforward user interface that enables HR professionals to easily track crucial HR indicators such as employee turnover rates, workforce diversity, and employee engagement levels. Additionally, it offers predictive analytics functionalities, allowing businesses to foresee future HR trends and take preventative measures to maximize their workforce. Read Sisense Reviews
Explore various Sisense features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Sisense Features- Data Visualization
- Scorecarding
- Trend / Problem Indicators
- Extract
- transform and load (ETL)
- Performance Metrics
- Ad hoc Query
- Ad Hoc Reports
Sisense Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Managing people is complex. HiBob makes it easy
Hibob is a cloud-based HR analytics software developed especially to assist small and medium-sized enterprises in managing their HR procedures and employee information more effectively. The software's user-friendly design makes it simple for HR professionals to manage employee data, benefits, time-off requests, and other things in one location. Read Hibob Reviews
Explore various Hibob features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Hibob Features- Workforce Management
- Talent Management
- 401(k) Tracking
- Time & Attendance
- Survey Management
- 360 Degree Feedback
- Workflow Management
- Time Clock
Hibob Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Great employers use Sprout
Sprout Solutions is an HR analytics platform that provides a plethora of features and advanced functionalities intended to assist companies in managing their HR procedures and streamlining their staff. HR teams can manage employee information, track employee performance, and handle onboarding and offboarding with the help of Sprout Solutions. Additionally, it provides workflows that can be modified to match your unique requirements. Learn more about Sprout Solutions
Explore various Sprout Solutions features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Sprout Solutions Features- HR & Payroll
- KPIs
- Candidate Comparison
- Mobile Friendly
- Onboarding
- Excel Import
- Employee Engagement
- Employee Portal
Sprout Solutions Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Payroll and HR Solutions Designed for Leaders
Paycor offers advanced analytics and reporting features that can help businesses track key HR metrics, such as employee turnover rates, workforce diversity, and payroll costs. Paycor's analytics and reporting functionalities allow businesses to generate tailored reports, analyze employee data, and gain insights into their HR and payroll processes. Read Paycor Reviews
Explore various Paycor features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Paycor Features- Punch card
- Vacation/Leave Tracking
- Password Management
- Employee Handbook
- Equipment Tracking
- Online Applications
- Mobile Time Tracking
- Cost Management
Pricing
Basic
$ 99
Per Month
Paycor Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Tools by ChartHop
With ChartHop, the best HR analytics software, firms can better manage their HR functions and make informed decisions regarding their personnel. It's similar to having a digital HR analyst that can automate processes, monitor employee data, and offer insightful analysis of your staff. You may find trends and patterns in your personnel data with the aid of ChartHop's cutting-edge algorithms. Read ChartHop Reviews
Explore various ChartHop features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all ChartHop Features- Scenario Planning
- Goal Setting / Tracking
- Peer Appraisals
- Onboarding
- Performance Management
- Dashboard
- Recruitment Management
- Performance Appraisal
Pricing
ChartHop Build
$ 4
Per Month
ChartHop Grow
$ 7
Per Month
ChartHop Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Professional BI Dashboard Software
Datapine is a comprehensive HR analysis tool that assists companies in analyzing their HR data and gaining an understanding of their employees. Additionally, Datapine can assist firms in streamlining their HR procedures and making data-driven decisions because of its user-friendly interface and precise analytics capabilities. Learn more about datapine
Explore various datapine features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all datapine Features- Visualization
- Social Media Metrics
- Strategic Planning
- Ad Hoc Reports
- Data Analysis
- Resource Management
- Visual Analytics
- Cash Management
datapine Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Tools by Talentsoft
Talentsoft is the best HR analytics software that can assist organizations of all sizes in streamlining their HR procedures and making fact-based decisions. Talentsoft is the ideal option for businesses wishing to obtain insight into their employees because of its extensive analytics capabilities, configurable processes, and talent management solutions. Read Talentsoft Reviews
Explore various Talentsoft features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Talentsoft Features- Performance Appraisal
- Incentive Programs
- Succession Planning
- Training Management
- Career Development Planning
- Competency Management
- Employee Reward Programs
- Onboarding
Talentsoft Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Fully Integrated SaaS HR Solution
PeoplesHR is an HR analytics software created to assist companies in managing their HR functions more effectively and making informed decisions regarding their workforce. You can track crucial indicators like employee turnover, retention, and engagement thanks to the real-time analytics and reporting it offers. Learn more about PeoplesHR
Explore various PeoplesHR features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all PeoplesHR Features- HR & Payroll
- Employee Lifecycle Management
- Succession Planning
- Benefits Management
- Payroll Management
- Attendance management
- Mobile App
- Training Management
PeoplesHR Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Tools by Cornerstone
Cornerstone HR is a cloud-based HR analytics platform that aids companies of all sizes in managing their HR data, monitoring important statistics, and learning more about their staff. Cornerstone HR is a fantastic option because of its robust analytics functionalities and user-friendly UI. Predictive analytics provided by the software enables companies to anticipate future HR trends and take proactive action to improve their personnel. Learn more about Cornerstone HR
Explore various Cornerstone HR features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Cornerstone HR Features- Competency Management
- Employee Database
- Self Service Portal
- Onboarding
- Time Off Management
- Benefits Management
- Recruitment Management
- Applicant tracking
Cornerstone HR Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Tools by PeopleInsight Workforce Analytics
PeopleInsight Workforce Analytics is a sophisticated and powerful HR analytics tool designed to help businesses maximize their workforce by providing in-depth data-driven insights. With a wide range of advanced functionality and capabilities offered by the platform, HR managers can simply monitor, assess, and analyze their workforce data. This is one of the most preferred HR analytics tools used by companies. Learn more about PeopleInsight Workforce Analytics
Explore various PeopleInsight Workforce Analytics features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
- Performance Management
- Succession Planning
- Leave & Absence Reporting
- Talent Management
- Individual Development Plans
- Turnover Tracking
- Training Management
- Onboarding
PeopleInsight Workforce Analytics Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Tools by Sap
SAP Success factory is an online-based HR software. It is a most suitable for small sized companies. It provides the core features of payroll, applicant tracking, onboarding, learning management, performance review, goal management, and compensation management. Read SAP SuccessFactors Reviews
Explore various SAP SuccessFactors features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all SAP SuccessFactors Features- Application Security
- Talent Management
- Employee Data Base
- Workflow Management
- Timesheets
- Appraisal Management
- Help Desk
- Task Management
SAP SuccessFactors Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Businesses all over the globe across niches understand the importance of data-driven insights for better decision-making, business conversion, and talent acquisition. This is why the role of analytics tools continues to grow in significance. To make a better workplace loved by the employees and retain talents, you also need analytics tools. These are called HR analytics tools.
According to leading business leaders, understanding people's data within an organization is key to driving innovation and establishing thought leadership.
Employee engagement, attrition rate, skills, and skill development, wellness, and last but not least, employee productivity are all considered critical business issues to push growth.
HR analytics tools, mostly on the surface layer, have similar features and capabilities, and this is why to make a better choice, you must only scratch the surface to make in-depth comparisons.
Here we are going to help you choose the best HR analytics solutions for your organization by laying bare all the different and meticulous considerations. Let's start.
What Is An HR Analytics Tool?
HR analytics is people-centric from the organizational perspective; hence, these software solutions are also called people analytics software.
An HR analytics tool is a software solution that collects data on Human Resources (HR) in any organizational setting to boost productivity, employee happiness, creative capabilities, and work-life balance.
The core data analytics method and principles are also in play here. Still, these analytics features and metrics are aligned with the organizational goal of talent acquisition, employee retention, productivity, and skill development.
These software tools measure how far an organization successfully achieves these people-centric goals.
Benefits and ROI of HR Analytics Tools
Employee analytics software solutions offer actionable insights into employee performance, productivity, skill level and HR management practices based upon which new measures can be initiated to bridge the shortfall.
It is well known that for any company, it takes considerable time and investment to hire good talents and bring them to a level of decent productivity. This is where HR analytics solutions help us to detect flaws and areas deserving of improvement.
Here we mention a few benefits HR analytics tools offer. ?
-
Single analytics solution for employee data across an organization
So-called enterprise resource planning systems are now coming equipped with HR analytics mechanisms to streamline company-wide data analytics.
Though there is HR analytics software that dedicatedly focuses on the HR department, there are several such tools that can be utilized for analytics across departments, like supply chain and distribution, sales, marketing, finance, etc.
-
Bringing insights from non-HR data as well
Analyzing cross-functional data is another key advantage of using advanced HR analytics tools. Many such software solutions already have this cross-functional analytics capability.
This key consideration is how these solutions can access and bring in relevant non-HR data from different organizational functions. HR analytics software tools with such broader data coverage can check the impact of the workforce on different operational facets.
-
Faster and precisely-guided decision making
There can be hardly any argument about the fact that faster and more precise decision-making regarding workforce and talent acquisition is the key advantage of using talent HR analytics platforms.
All the competitive advantages you get by hiring skilled and experienced talent must be supplemented with an equally rigorous effort to keep them happy and productive. This is where HR data analytics software plays an important role in making data-driven decisions.
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Getting rid of data entry errors and efforts
With the best HR analytics software on your side, you can rely heavily on manual data entry, which is prone to errors and which involves a lot of effort and time. Updating data manually on a regular basis for employees is time-consuming for HR teams.
When you need to fill up software tools just like spreadsheets, there are chances of human errors as well. To help you to get rid of such impediments, HR analytics software allows for updating the integrated data sources automatically.
-
Ensuring employee productivity
In many ways, talent analytics software tools help boost employee and organizational productivity. First of all, insights into employee pain points and dissatisfaction can help HR teams to address them quickly, ensuring seamless engagement for staff and increased productivity. On the other hand, with a comprehensive analytics tool, HR managers and staff can deliver better output in less time.
Important Features of HR Analytics Software
Most of the industry-best HR analytics software share dozens of features and capabilities in common. These features are considered to be industry-standardized, and hence they are "must-have" ones.
But some tools stand out from the rest thanks to their ease of use, value-added features, awesome customer support or simply because of robustness.
Let's quickly look at some of the must-have and value-added features of top HR analytics software.
-
Visual reports & quick analysis dashboards
This key feature allows HR teams to see and track key metrics of their choice in a quick-to-grab format. They offer both dashboards and data visualization to show employee data and different metrics through a graphical interface or chart-based reports.
Thanks to these dashboards and data visualizations, a wide variety of data can be displayed, and the dashboards remain easily customizable as per business requirements.
Most workforce analytics tools come with templates for data mapping to address the most common HR metrics and parameters like performance, attrition, employee engagement data, etc.
-
Trend management
The HR analytics software solutions can also help HR teams and decision makers to detect and reveal certain deep-lying trends in their organization. For example, relevant data on a sudden increase in attrition rate or a dip in employee productivity in certain months can inspire them to look into these trends further and find out the reasons and solutions.
AI has now become the new value proposition for many leading HR analytics programs since AI can be highly effective in unveiling such deep-rooted trends. AI-based programs can also offer relevant recommendations to address evolving HR issues.
-
Predictive analytics
Predictive analytics is now a key part of popular workforce analytics. Using historical analysis of employee data and key metrics, they can make precise predictions about the upcoming trends concerning employees and their expectations.
Predictive analytics can help employee engagement and monitoring processes in many ways. A widely known example is predicting turnover through meaningful insights. The more detailed and precise prediction a tool can provide, the more it has the chance of gaining traction and popularity.
-
Unified portal
Through a people analytics tool, an enterprise can pull together data and make a centralized repository to enjoy more control over organizational data.
This is best done when the particular tool is flexible enough to integrate legacy software systems like HCM, CRM, Payroll Management, CMS, Tax Management, HCM, and payroll management.
-
Employee feedback surveys
HR analytics tools open the scope of hearing out to employees by conducting surveys occasionally. Top HR analytics software comes with several ready-to-use templates for employee surveys.
From measuring employee engagement to understanding employee opinion about their managers or work schedule or processes, these surveys can make HR managers hear the actual voice of the employees.
-
Performance management
Managing employee performance starts with the data of employee output, productivity, completion timeline, reports on their work quality, etc., from attendance to sales scores to performance reviews to managers' ratings on availability and collaboration. Every piece of data can be streamlined to track
and manage employee performance.
-
Remuneration analysis
Analyzing compensation or remuneration of employees has become a new feature across leading HR analytics systems. Apart from compensation analysis, these tools also help track industry benchmarks and remuneration standards followed by similar companies.
These tools mostly make use of employee salary benchmarks across departments, performance data and competitive analysis. Based upon this 360-degree analysis of all aspects regarding compensation, a business can hire resources by paying the most lucrative yet balanced remuneration.
How to Implement HR Analytics Tools? 4 Key Steps
If you cannot deploy HR analytics software right, the whole point of finding the best tool is lost. So, you need to ensure seamless and successful implementation by considering different variables and impediments. Here we mention four irreplaceable steps to implement HR analytics tools successfully.
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Take safeguards for protecting old data
When bringing a new tool into the system, the first and foremost consideration should be how you accommodate old data. Instead of cleaning up the entire old database, you need to look for vendors who can help you access and use the old historical employee data through the new system. In this regard, it is also important to consider the required budget and resources for integrating the old database.
-
Consider legacy tool integration
It is quite likely that you have existing HR tools. Can you separately integrate the analytics tool with the existing one instead of grabbing a whole new software HR department?
If yes, what risks and shortcomings are involved in such an integration? What will be the role of your own IT team in the integration process? You need to consider all these aspects and their pros and cons.
-
Check compliance norms
Certain tools can ask questions that may violate privacy norms in some countries. Some HR tools can also use productivity metrics that violate the labour laws of some countries.
So, when using an HR analytics software platform, you need to check how it accommodates the compliance norms and regulations of that respective country or region.
-
Decide must-have and & good-to-have features
Last but not least, you can always ask for custom analytics features from some vendors. You also need to take a call on must-have and good-to-have features and, accordingly, should prioritize features for initial deployment and future upgrades.
Why Should Businesses Adopt HR Analytics Tools?
By using HR analytics software, businesses can manage, retain and get onboard talented resources, and they can do all these by simply using workforce data.
By using specialized tools and visual analytics capabilities, people analytics tools can uncover meaningful insights on almost every type of HR concern ranging from employee engagement to turnover to productivity and performance.
Here we explain why businesses adopt analytics tools for their human capital assets.
-
Improving employee retention
Organizations always focus on retaining their valuable employees, and the business landscape is competitive for talent acquisition. This is where analytics tools can play an important role in human resources management.
Many companies face a drastic rise in turnover which is cost-intensive and a key factor in pulling down productivity. Now companies, by using HR analytics tools, can keep a tap on turnover, attrition rate, productivity slump and other negative metrics and their contributing elements.
-
Evaluating diversity and inclusion
In most leading companies ensuring an inclusive culture based on diversity is a key criterion for attracting talents and making a happy workplace. But this also needs constant evaluation of the workplace through employee data.
Software offering real-time analytics to measure employee engagement, gender equality and cultural diversity can just help a company stay on the right track regarding maintaining inclusive work culture.
-
Identify workforce trends and needs
Businesses also need HR analytics tools to align their business strategy with employee needs and business trends. To address the staffing requirements from time to time, they can get help from HR analytics and find out the existing employee headcount in a department, the shortfall and the actionable insights for future staffing.
How to Choose HR Analytics Tools?
In today's automation-driven world, businesses rely heavily on HR analytics tools to gain actionable insights from their workforce data for taking proactive steps in HR management and talent acquisition.
But there are so many HR analytics tools in the market that making a quick choice takes time and effort. IndianAppDevelopers has made a strong footprint in the analytics app market with several award-winning custom mobile apps for HR analytics.
4 key factors to keep in mind before finalizing an HR analytics tool include:
-
User Interface (UI)
First, the HR team must find the tool user-friendly with easy navigation and accessibility. The user interface should be simple, intuitive and breathable. Without creating much cognitive load for the users, it should allow getting things done with ease.
-
Usability
The HR analytics tool should follow the much-acclaimed design conventions for optimal usability. This will ensure that the team members can use the basic functions with little training. With a simple on-screen onboarding, the users should be able to use the tool and its features.
-
Integrations
It would help if you did not go for it when a tool creates a lot of fuss about its incompatibility with your existing software. Always embrace tools that easily integrate with your existing HR software and all the tools you use for ERP, CRM, project management, payroll management, etc.
-
Value for money
If you get some advanced features along with the same core analytics function, it can deliver more value for your investment. So, making a better bargain against your investment is always recommended for selecting an HR analytics tool.
Top 5 HR Analytics Tools
As we have already said, the market has no shortage of feature-rich and robust HR analytics tools. But based on their typical target audience fitness, feature set and custom requirements, we have picked the 5 best HR analytics tools here.
1. Python
Suppose you know Python as a popular programming language for apps relying on complex data modelling, artificial intelligence, financial computations and machine learning. In that case, you should not be surprised that it is equally a coveted tool for HR analytics applications.
Since it has robust capabilities for rigorous data engineering and computational tasks for building scalable HR analytics software, it is widely used. If you want to develop a fully customized HR analytics tool from scratch instead of opting for any vendor in the market, it is the programming language you need to opt for.
Features
- High-level language
- Language interpretation
- Robust standard library
- GUI programming support
Pros
- Easy to learn and use
- Large community and extensive library
- High-level data structures
- Excellent for data analysis and scientific computing
Cons
- Slow execution speed
- Not suitable for mobile development
- Memory consumption
Pricing
Python is open-source and completely free.
2. Excel
By pioneering modern spreadsheets in workplace environments, Microsoft Excel doesn't need any introduction. It is still the industry-acclaimed solution for generating data-driven insights from workforce data. The biggest advantage of Excel is that most enterprise users are already versed with this commonplace tool.
Another important reason for Excel to lead among HR analytics tools is its simplicity and ease of use. Despite looking like a commonplace tool on every desktop, it can be mastered to slice and dice data for different use contexts according to the requirements.
When you use third-party HR analytics templates for Excel, you further advance its capabilities without losing the quintessential ease of use.
Features
- Spreadsheets
- Formulas
- Visual reports with charts and graphs
- Conditional formatting
- Macros
- Data validation
- Collaboration
- Integration with other Microsoft Office applications
Pros
- Easy to use
- Powerful data analysis tools
- Integration with other Microsoft Office applications
- Available on multiple platforms
Cons
- Steep learning curve
- Limited data capacity
- Prone to errors
- Limited collaboration options
- Security risks
Pricing
Microsoft Excel is part of the Microsoft Office suite, which offers several pricing options for both personal and business users:
- Microsoft 365 Personal: This plan costs $6.99 per month or $69.99 per year and includes access to Excel, Word, PowerPoint, and other Microsoft Office apps for one user.
- Microsoft 365 Family: This plan costs $9.99 per month or $99.99 per year and includes access to Excel, Word, PowerPoint, and other Microsoft Office apps for up to six users.
- Microsoft 365 Business Standard: This plan costs $12.50 per user per month and includes access to Excel, Word, PowerPoint, and other Microsoft Office apps, as well as email and online storage.
- Microsoft 365 Premium: It costs $20.00 per month per user and besides everything that Business Standard plan offers, it comes with more security features and tools.
- One-time purchase: Users can also purchase a one-time license for Microsoft Office Home & Student 2019, which includes Excel, Word, and PowerPoint, for a one-time fee of $149.99.
3. Power BI
Power BI has been a leading business intelligence tool for years thanks to its robustness, ease of use and extensive range of integrations. The best thing about Power BI is that it can be integrated with every kind of third-party application in the market.
Power BI has the unique capability of working as a standalone data Visualization tool, as you can create a multitude of visual reports and interactive dashboards by using data metrics in different ways.
Besides working flawlessly with almost any HR software, it also supports a whole array of third-party HR platforms, dashboards, and analytics software. If you want a powerful analytics dashboarding tool for your HR management, there cannot be a better option than this.
Features
- Data visualization
- Data modeling
- Integration
- Mobile access
Pros
- User-friendly
- Powerful data modeling
- Integration
- Mobile access
Cons
- Limited customization
- Steep learning curve
- Limited support for some data sources
Pricing
Power BI comes with a free version besides offering a paid version. The free version is still efficient for dashboarding and visual report creation despite several limitations. The paid version, called Power BI Pro, offers additional features and capabilities, including the ability to collaborate with others in real-time, access to premium data connectors, and more.
Power BI Pro version comes with a $9.99 price tag for each user each month. You need to pay $20 for a premium version of the software. There is also a Power BI Embedded version, which is designed for ISVs and developers who want to embed Power BI functionality into their own applications, and is priced based on usage.
4. Tableau
Tableau is a bit pricey as a tool, but it comes packed with an array of advanced features, such as business intelligence software. Using Tableau as a human resources analytics tool can deliver various visual reports enriched with valuable insights for talent acquisition, compensation, workforce diversity, attrition rate and retention.
Many big brands and global universities rely on Tableau, or more precisely, their DEI dashboard, for tracking employee diversity in workplaces and campuses. When you need a highly specialized dashboarding solution for large-scale analysis of HR data, Tableau can be a great fit.
Features
- Data visualization
- Data modeling
- Data integration
- Mobile support
Pros
- Advanced analytics
- Customizability
- Scalable
- Integration
Cons
- Steep learning curve
- Cost
- Data preparation
Pricing
Tableau offers a variety of pricing plans.
- Tableau Creator: This is a comprehensive version of Tableau that offers all the features of the tool, including data preparation, analysis, and visualization. It costs $70 per user per month.
- Tableau Explorer: This version of Tableau is designed for users who need to explore and analyze data. It costs $35 per user per month.
- Tableau Viewer: This version of Tableau is designed for users who need to view and interact with dashboards and visualizations and the version costs $12 every month and for every user.
- Tableau Online: The pricing of this versatile cloud-based version starts from $15 for every user every month.
- Tableau Server: This version of Tableau is designed for businesses that need to host Tableau on their own servers. Pricing for Tableau Server starts at $35,000 per year for 10 users.
5. Visier
As an advanced analytics tool, Visier fits particularly into medium to large business settings. It is unique in its capability of garnering real-time insights from the data pool. When HR managers need a solid grasp of acquisition, turnover and retention trends, Visier fulfills their needs.
It comes with a neat and clean user interface that can be managed easily by everyday users with no technical background. It always allows the creation of custom reports other than using standard templates.
Apart from offering an easy onboarding process, the tool also helps users with a gamut of free access to resources such as community forums, libraries, e-learning programs, and real-time customer support.
Features
- Data visualization
- Workforce planning
- Talent acquisition
- Compliance management
- Collaboration
Pros
- Comprehensive
- User-friendly
- Customizability
- Data integration
- Scalable
Cons
- Cost
- Data preparation
- Limited automation
Pricing
Visier offers customized pricing plans based on the specific needs of each business. Pricing is not publicly available, so businesses interested in Visier should contact the sales team for a customized quote.
Trends Measured by HR Analytics Tools
HR analytics tools can be used to closely tap trends and metrics like productivity, rejection rates in an interview, absenteeism, attrition, ROI from job postings, etc. Such data-driven insights can help HR managers target the most effective job boards to access the most qualified talents.
On top of all these, the analytics software can identify trends concerning productivity in different time brackets. Based on these trends and corresponding figures, HR professionals can make informed decisions about budget allocation or process optimization.
How Much Do HR Analytics Tools Cost?
For any HR analytics software, the price brackets are mentioned for every user monthly or yearly. Though the actual pricing of an HR analytics tool may vary from one vendor to another, with all the must-have features, the cost of a tool may range from $12.00 to $70.00 per user per month.
Conclusion
From the above discussion, it is evident that HR analytics tools are part and parcel of modern HR management in any industry. But whether you should go for custom HR analytics or purchase any of the leading tools from the market depends on your requirements. As for making the right vendor choice, this guide gives you a comprehensive 360-degree picture.
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