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
Software by Papaya Global
Papaya Global is a fully featured Payroll Software designed to serve Enterprises, SMEs and StartUps. Papaya Global provides end-to-end solutions designed for Web App and Android. This online Payroll system offers Document Storage, Cap Table Management, Financial Modeling, Compliance Management, Reporting/Analytics, Scheduling, Self Service Portal, Vacation/Leave Tracking, Benefits Management, Direct Deposit, Document Management, Multi-Country and Multi-State at one place. 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- Dashboard
- Performance Management
- Payroll Reporting and Analytics
- Multi-State
- Employee Self-Service Portal
- Vacation/Leave Tracking
- Financial Modeling
- Benefits Management
Pricing
Papaya Global Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Category Champions | 2024
Complete employee experience platform
Keka is the best HRMS software for all types of businesses. It is the best HRMS software that is employee-centric. Unlike traditional HRMS solutions, it is a modern new generation platform focused on user experience and simplifying complex workflows. 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- Appraisal Management
- Salary Information & History
- Leave Management
- Job Board Posting
- Candidate Tracking
- Resume Database
- Ad Hoc Reports
- Asset Management
Pricing
Foundation
$ 97
Upto 100 Employees
Strength
$ 194
Upto 100 Employees
Keka Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Category Champions | 2024
Commitment delivered
We are a focussed time management software solution provider for corporate. We offer end to end HR solution from recruitment to retirement covering entire employee life cycle in an organisation. Our solution can be delivered as a product that can be used by the customer at his location. Best for large, medium & small business HR software 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- Workflow Management
- Talent Management
- Reimbursement Management
- License Tracking
- IP Restriction on Attendance
- Employee Database
- Recruitment Management
- Salary Information & History
Wallet HR Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Category Champions | 2024
Make smarter data driven decisions
We couldn't find an HR solution that all stakeholders (employees, leaders, and HR) loved. So, we created one. Qandle - End-to-end HR solution that is smart, beautiful, and completely configurable, with a fully functional mobile app. Free Demo and Trials available. 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- Template Policies & Guides
- Payroll Integration
- Ad Hoc Reports
- Scheduling
- Salary Planning
- Time Tracking by Client
- Loan & Advances Management
- Analytical Reports
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- Compatibility with Swap Card
- Comparative Reports
- Single Sign On
- Pay Slip
- Timesheets
- Request hierarchy
- Interview Scheduling
- Analytics & Advance MIS Reports
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- Trend Analysis
- Employee Profile
- Time & Attendance Management
- Employee Scheduling
- Peer-to-Peer Recognition
- Workforce Management
- Performance Management
- Vacation/Leave Tracking
Pricing
Small Size
$ 2
Per User/Per Month
Big Size
$ 2
Per User/Per Month
TrackHr Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Software by Qualtrics LLC
With the help of Qualtrics, you can easily optimize your customer metrics, identify at-risk and vulnerable customers and take remedial actions instantly. The constructive net promoter score software monitors the product improvement and measures the customer feedback. 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- Community Management
- Feedback Collection
- Data Analysis Tools
- Real Time NPS Tracking
- Custom Survey URLs
Qualtrics Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
People analytics for business people
Workforce Analytics is a fully featured Hr Analytics Software designed to serve Enterprises, SMEs. Workforce Analytics provides end-to-end solutions designed for Windows. This online Hr Analytics system offers Leave & Absence Reporting, Succession Planning, Talent Management at one place. 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
- HR Metrics Library
- Succession Planning
- Predictive Modeling
- Dashboard
- Trend Analysis
- Turnover Tracking
- Leave & Absence Reporting
Visier People Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Intelligent People Management
intelliHR empowers HR and managers to empower their team. Use intelliHR for performance management, employee engagement, core Human Resources processes, HR analytics and more. 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- Centralised Records
- Analytics
- Goal Setting / Tracking
- Collaboration
- Document Management
- Employee Reward Programs
- Skills Tracking
- Dashboard
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 is a Simplifying business intelligence for complex data easily it has prepared and analyzes both big and disparate datasets. Sisense gives business a simple way to manage analyze and visualize all data. 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- Ad hoc Query
- Extract
- Trend / Problem Indicators
- Data Analysis
- Performance Metrics
- Key Performance Indicators
- Ad Hoc Reports
- Data Visualization
Sisense Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Managing people is complex. HiBob makes it easy
Bob is a modern HR platform for modern HR challenges. Manage people globally in Bob and thrive through change. Streamline HR processes to save HR admin time, understand your people with feedback cycles and surveys, and create reports for leadership and board me. 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- Abbreviation Detection
- Goal Setting / Tracking
- Time Off Management
- 401(k) Tracking
- Internal HR
- Workflow Configuration
- Turnover Tracking
- On-Boarding
Hibob Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Great employers use Sprout
Highly government compliant and easily accessible with one click. Process payroll and provide payslips to your growing company today! 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- Commission & Payroll Management
- Mobile App
- Electronic Forms
- Forms Management
- Mobile Friendly
- Employee Portal
- Timesheet Management
- Payroll Management
Sprout Solutions Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Payroll and HR Solutions Designed for Leaders
Paycor’s HR software modernizes every aspect of people management from managing labor costs, scheduling, and performance reviews to recruiting, retention and learning. Paycor saves leaders time and gives them the powerful analytics they need to build winning teams. 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- Talent Acquisition
- Vacation / Leave Tracking
- Employee Self Service Management
- Check Printing
- Resume Posting
- Status Tracking
- Salary Adjustment
- Financial Management
Pricing
Basic
$ 99
Per Month
Paycor Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Software by ChartHop
ChartHop is a fully featured Performance Management Software designed to serve SMEs, Startup, Agencies, Enterprises. ChartHop provides end-to-end solutions designed for Web App. This Performance Management Software offers 360 Degree Feedback, Compensation Management, Competency Management, What If Scenarios at one place. 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- HR Metrics Library
- Question Library
- Goal Management
- Review Cycle Tracking
- Talent Management
- Dashboard
- Scenario Planning
- Compensation Management
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 the leading software provider in the field of innovative business intelligence, dashboard and reporting tools. Thanks to modern self-service analytics functions and an intuitive user interface, non-technical users can also access professional data analytics. 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- Strategic Planning
- Social Media Metrics
- Presentation Tools
- ROI Tracking
- KPIs
- Data filtering
- Regression Analysis
- Performance Management
datapine Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Software by Talentsoft
TalentSoft is cloud-based solution for talent management App. Trusted by more than 1500 customers and 8 million users in 100 countries. Supports 25 languages. It is characterizing the eventual fate of HR. Having dedicated team for enhancing cooperation between HR, directors, and workers with the sharpest, most natural and most adaptable Talent Management solution. 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- Compensation Assessment
- Goal Setting / Tracking
- Employee Reward Programs
- Succession Planning
- Recruiting Management
- Compensation Management
- Employee Lifecycle Management
- Compensation Calculation
Talentsoft Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Fully Integrated SaaS HR Solution
PeoplesHR is a fully integrated and modular solution that holistically caters to the entire spectrum of operational, tactical and strategic functions of Human Resource Management. 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- Time & Attendance Management
- Chatbot
- Leave Management
- Training Management
- Mobile App
- Attendance management
- Geo Tagging
- Payroll Management
PeoplesHR Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Software by Cornerstone
Cornerstone HR is a fully featured HR Software designed to serve Agencies, Enterprises. Cornerstone HR provides end-to-end solutions designed for Web App. This online HR system offers Onboarding, Recruitment Management, Training Management, Employee Lifecycle Management, Benefits Management at one place. 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 Lifecycle Management
- Self Service Portal
- Benefits Management
- Training Management
- Individual Development Plans
- Performance Management
- Recruitment Management
Cornerstone HR Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Software by PeopleInsight Workforce Analytics
PeopleInsight Workforce Analytics is a fully featured Talent Management Software designed to serve Agencies, Enterprises. PeopleInsight Workforce Analytics provides end-to-end solutions designed for Windows. This online Talent Management system offers Trend Analysis, Competency Management, Recruitment Management, Training Management, HR Metrics Library at one place. 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.
- Compensation Management
- Goal Setting
- Talent Management
- Individual Development Plans
- Recruitment Management
- Leave & Absence Reporting
- HR Metrics Library
- Dashboard
PeopleInsight Workforce Analytics Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Software 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- Taxation Management
- Dashboard
- Applicant tracking
- Self-onboarding
- HR & Payroll
- Application Security
- Task Management
- Workflow 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.
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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.
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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.
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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.
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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.
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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.
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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.
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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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