8 Best HR Analytics Software for the year 2022

Are you looking for HR analytics software? There is a variety of tools with a wide range of features that can help you make data-driven decisions pertaining to recruitment, employee retention, performance management, and more. With the right tools in place, you can significantly minimize the risk of turnover, create seamless learning and development programs, elevate employee satisfaction, and boost productivity by many folds. In this article, we will list 8 best HR analytics software for the year 2021 to help you pick a solution best-suited for your needs.

1. Board

Board is a web-based HR solution that offers the best of the bunch HR analytics features along with workforce planning and performance management. The tool strives to facilitate you with detailed workforce insights to help you make data-driven decisions. Board’s HR analytics solution gives you visibility of the key value drivers and helps you track employee productivity pertaining to the KPIs (Key Performance Indicators).  Board gives you the freedom to dive deep into human resources insights with its self-service feature – making it a unified decision-making platform. The tool’s insights come in handy for human capital management – enabling managers to boost the efficiency of their respective teams. Board is a one-stop-platform facilitating you to design human resource metrics, forecast data, monitor KPIs, segment employees, and more. Here’s why you should prefer Board as an HR analytics solution:

  • Workforce planning
  • Behavioral analytics
  • KPIs monitoring
  • Employee segmentation
  • Data modeling
  • Data mining
  • Forecasting
  • Performance management
  • Self-service analytics

All-in-one Decision-Making Platform

2. Visier

Derive action-oriented insights and make data-driven decisions seamlessly with Visier – an online HR planning and analytics solution. Visier facilitates HR managers and corporate leaders with clear insights – helping them make better and data-driven decisions. The self-service feature of Visier empowers you to process complex data and extract insights pertaining to your predefined KPIs. The built-in analytics feature facilitates users to access hundreds of data indicators and peoples’ data to help them make seamless decisions. The analytics integration and customization features come in handy to transform complex data as per your needs to extract valuable outcomes. Furthermore, the role-based security model ensures data security and protects valuable information from unauthorized access. Here are some of the benefits of using Visier as an HR analytics solution:

  • Workforce planning
  • Performance management
  • Built-in analytics
  • People analytics
  • Self-service
  • Strategy assessment
  • Data integration
  • Data security and management
  • Scalability

Data-driven decision making tool

3. WorkDay

WorkDay’s enterprise analytics feature comes in handy for human capital management, performance management, and making data-driven decisions. The self-service feature gives you access to data on a granular level for ad hoc analysis and protects sensitive data from any unauthorized access. With WorkDay, you can take analytics and reporting to the next level – making decisions faster and more accurately than before.  WorkDay brings machine learning into action along with pattern detection, natural language generation, and graph processing technology – making complex data points easy to understand. WorkDay analytics integrates workforce transactions, financial data, third-party analytics, budgetary indicators, and more in a single platform – making it a one-stop-platform facilitating detailed analytical reports. Here are some of the perks of using WorkDay analytics and reporting solution:

  • Human capital management
  • Financial management
  • Performance management
  • Self-service
  • Benchmarking
  • Augmented analytics
  • Data hub
  • Third-party data integration
  • Individual & domain-wise performance reports

Single solution for all the HR activities

4. Paycor

Paycor’s reporting feature comes in handy if you’re seeking analytical solutions pertaining to HR. The tool enables you to create visually-stunning dashboards by transforming complex data points into action-oriented insights. The insights provided by this tool comes in handy for performance benchmarking, milestones, predictions, and more. Analyze complex data to derive action-oriented insights about an organization’s turnover, productivity, employee performance, and satisfaction. Know who’s at risk for resigning and take accurate measures to stop it from happening. All this and more made possible with Paycor’s HR reporting and analytics. No more sharing daily, weekly, and fortnightly reports repeatedly. With Paycor, you can set the schedule for the reports to be dispatched automatically. All you have to do is select the frequency and identify the recipients. With the smart sharing feature, you can share reports internally or with external stakeholders without compromising the security or confidentiality of the data. Here are some of the key features of using Paycor’s HR analytics solution:

  • Custom data visualizations
  • Performance insights
  • Risk assessment
  • Turnover estimations
  • Predictions
  • Impact analysis
  • Benchmarking
  • Scheduled reports
  • Data integrity

All-in-one HR and payroll solution

5. Qualtrics

Qualtrics People Analytics gives you access to action-oriented insights in real-time to fuel your decisions pertaining to human resource management. The tool enables you to capitalize on opportunities and elevate performance. With Qualtrics’s AI-powered tools, you can uncover critical insights and extract key data points essential for making productive decisions.  HR analytics solution Qualtrics enables you to maximize employee productivity and boost engagement – facilitating you to identify skills-gaps and design seamless learning and development programs. Give them an offer they can’t refuse. Know what matters to your employees and design flawless employee benefit plans. Qualtrics helps you analyze engagement at every stage of the employee lifecycle. Explore employee exit drivers such as biases at work, misallocation of resources, skill-gap, toxic work culture, and more. No more making intuitive decisions pertaining to recruiting and retaining employees. The text analytics feature of Qualtrics gives you all the information you need for data-driven decisions. Here are some of the benefits of using Qualtrics as an HR analytics solution:

  • Real-time insights
  • Skill-gap analysis
  • Employee lifecycle
  • Predictive analysis
  • Text analytics
  • Employee benefits optimizer
  • Employee exit drivers

Experience Management Software

6. intelliHR

intelliHR is a web-based solution that helps companies automate their HR processes and facilitates make people management. It is an AI-powered platform that gives you access to real-time insights to make data-driven decisions. All reports are illustrated in multi-dimensional graphs and charts to make insights actionable and easy-to-understand. Extract data, plan for the future, measure performance, and track your ROI. intelliHR enables companies to align employees’ efforts with KPIs and measure goal progression seamlessly. Powered by a natural language processing algorithm, the tool enables you to track positive and negative sentiments – facilitating data-driven decisions pertaining to your organization’s culture. intelliHR also fuels the learning culture in your organization. The tool empowers you to monitor employee performance, identify skill-gap, and organize training accordingly. Here are some of the perks of using intelliHR:

  • Performance management
  • People management
  • Pre-built HR analytics
  • KPIs and goal progression
  • Continuous feedback
  • Survival analysis
  • Happiness tracker
  • Sentiment analysis
  • Skill-gap analysis

Strategic HR Platform

7. CompAnalyst

CompAnalyst is an analytical solution by Salary.Com that fuels analytical decisions pertaining to the company’s compensation and benefits programs. The tool enables you to make data-driven decisions rather than relying on guesses and intuitions. CompAnalyst is an AI-powered platform that matches the skill-set with the right compensation plan – making onboarding and retention seamless. The tool gives you access to the market information and machine learning-powered insights along with the ability to leverage traditional compensation data to help you devise a market-competitive pay structure. With CompAnalyst, you can also extract peer-to-peer insights pertaining to the executive compensation plans. Furthermore, CompAnalyst gives you access to real-time competitive intelligence of 14+ industries in over 100 countries. Here are some of the advantages of using CompAnalyst as an HR analytics tool:

  • AI-powered job matches
  • Market data
  • Executive pay data
  • Survey management
  • Salary structures
  • Merit modeling
  • Labor cost forecasting
  • Customizable data visualization
  • Deep workflow insights
  • Proactive analytics

CompAnalyst helps to easily balance internal pay equity and external competitiveness.

Humantelligence

Humantelligence takes a different approach to HR analytics – facilitating companies to design a high-performing culture. The tool enables you to evaluate your organization’s culture via self-assessment of employees’ behaviors, motivation, and perception of an ideal work environment. Humantelligence also facilitates cultural alignment – enabling users to do cultural analysis at the team, group, functional, and divisional level. The tool gives you access to useful insights and key data points to align your organization’s culture with the strategy to acknowledge enhanced productivity. Choose an accurate course of action by learning what makes teams perform beyond the set targets and milestones to be achieved. Humantelligence also helps you find the perfect job-fit. Not only does the tool assess an individual’s skills but also ensures that the candidate is a cultural fit for your company. Here are some of the benefits of using Humantelligence:

  • Culture analysis
  • ROI implementation
  • Performance insights
  • Motivation analysis
  • Cultural-fit evaluation
  • Self-assessment

Culture analytics and recruiting software

Wrap Up

In this article, we prescribed the best HR analytics software for the year 2021. The solutions listed are chosen based on their features, usefulness, ease-of-use, and other value propositions offered. The tools mentioned in this article are preferred by startups, SMEs, and conglomerates around the globe and may come in handy when it comes to making data-driven decisions pertaining to human resources. We hope you’ve found a solution best-suited to your needs. To add value to your recruitment process, check out Upskillable.

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